EDWARD LAWRENCE SCHEINGOLD is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 1333 N. CALIFORNIA BLVD., WALNUT CREEK, CA, 94596.
EDWARD LAWRENCE SCHEINGOLD has worked at MORGAN STANLEY since June 01, 2009
EDWARD LAWRENCE SCHEINGOLD has 2 Disclosure Event(s).
Date: March 31, 2005 Category: Customer Dispute Allegations: CLIENT ALLEGES MISREPRESENTATION WITH THE PURCHASE OF A VARIABLE SELECT ANNUITY CONTRACT. Damage Amount Requested: $30,000.00 Settlement Amount: $26,000.00 Broker Comment: ORIGINAL COMPLAINT RECEIVED WAS VERBAL, AND IS BEING REPORTED BECAUSE OF THE SETTLEMENT.
Date: March 22, 2004 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT SHE WAS MISLED AND MISINFORMED REGARDING TAX PENALTIES WITH RESPECT OF AN ANNUITY. WHILE CUSTOMER HAS NOT ALLEGED AN AMOUNT, DAMAGES ARE BELIEVED TO BE MORE THAN $5,000.00 Settlement Amount: $17,660.50 Broker Comment: THIS CUSTOMER COMPLAINT AROSE WHEN I WAS INVOLVED IN A PARTNERSHIP. ONE OF THE PARTNERS WAS RESPONSIBLE FOR THE INSURANCE AND ANNUITIES PRODUCTS OF THE BUSINESS BECAUSE OF HIS BACKGROUND IN THIS AREA FOR 17 YEARS. WHEN THE CLIENT ASKED ABOUT REDUCING HER EXPOSURE TO THE ANNUITIES SHE OWNED, THIS PARTNER DID THE RESEARCH AND DUEDILIGENCE TO DETERMINE THE APPROPRIATE DECISION. UNFORTUNATELY, HE DID NOT UNCOVER THE ACTUAL TAX CONSEQUENCES FOR WHICH THE CLIENT WOULD BE RESPONSIBLE IF SHE LIQUIDATED ONE OF THE ANNUITIES. SINCE I WAS THE MAIN CONTACT FOR THIS CLIENT, I WAS ALSO NAMED IN THE COMPLAINT.
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