FRANK MICHAEL OLIVER is currently employed as a Broker and/or Investment Adviser at FSC SECURITIES CORPORATION located at 4755 EAST BAY DRIVE, CLEARWATER, FL, 33764.
FRANK MICHAEL OLIVER has worked at FSC SECURITIES CORPORATION since May 04, 1993
FRANK MICHAEL OLIVER has 3 Disclosure Event(s).
Date: November 09, 1993 Category: Regulatory Initiated By: FLORIDA DIVISION OF SECURITIES AND INVESTORPROTECT*See FAQ #1* Allegations: ON 11-9-93, THE STATE OF FLORIDA ENTERED ASTIPULATION AND CONSENT AGREEMENT AND FINAL ORDER IN THE MATTEROF FRANK OLIVER AS AN ASSOCIATED PERSON OF FSC SECURITIESCORPORATION. CONTACT PAM EPTING AT (904) 488-9805 FORADDITIONAL INFORMATION. Resolution: Consent SanctionDetails: Sanctions: Monetary/Fine SanctionDetails: Amount: $2,000.00 Sanction Details: THE ORDER SERVED TO IMPOSE A $2,000.00ADMINISTRATIVE FINE AND GRANT REGISTRATION AS AN ASSOCIATEDPERSON SUBJECT TO A REGISTRATION AGREEMENT. THE TERMS OF THEAGREEMENT PROVIDE, BUT ARE NOT LIMITED TO THE FOLLOWINGCONDITIONS: OLIVER SHALL BE PROHIBITED FROM ACTING IN ANYOWNER, PRINCIPAL, SUPERVISORY, CONTROL OR MANAGERIAL CAPACITYIN IN CONNECTION WITH HIS EMPLOYMENT IN THE SECURITIES INDUSTRYFOR A PERIOD OF TWO (2) YEARS. ADDITIONALLY, OLIVER AGREES THATHE SHALL NOT OFFER FOR SALE OR SELL ANY DESIGNATED SECURITIESWITHIN THE STATE OF FLORIDA OR INTO THE STATE OF FLORIDA. SUCHCONDITIONS WILL REMAIN IN EFFECT THROUGHOUT THE REGISTRATIONWITH THIS FIRM OR UNTIL RELIEF IS OTHERWISE SOUGHT AND GRANTED. Broker Comment: Not Provided
Date: February 01, 1993 Category: Regulatory
Date: July 22, 1992 Category: Customer Dispute Allegations: CLIENT WAS WRONGED BY GORSS NEGLIGENCE,MISREPRESENTATION, FRAUD AND BREACH OF FIDUCIARY DUTY. Settlement Amount: $18,500.00 Broker Comment: OLIVER & FSC SECURITIES CORPORATION AGREED TOSETTLE THE MATTER FOR AN AMOUNT LESS THAN THE LEGAL COSTS OFCONTINUING, WITHOUT ADMITTING ANY WRONGDOING AND [CUSTOMER] AGREEDON JUNE 16, 1993, WITH PREJUDICE. (SEE ATTACHED RELEASESTATEMENT)SECTION 15 OF THE NASD CODE OF ARBITRATIONPRODECURE DEALS WITH THE SIX YEAR ELIGIBILITY PROVISION. OF THEELEVEN SECURITIES SHE PURCHASED, EIGHT OF THEM QUALIFY AS OLDERTHAN SIX YEARS. THE REMAINING THREE INVESTMENTS HAVE PERFORMEDAS PRJECTED. (H2) THESE INVESTMENTS WERE VALID INVESTMENTS FORTHIS CLIENT AT THAT TIME. SUITABILITY WAS NOT A QUESTION, YETSOME OF THE PERFORMANCE OF THESE EARLY ITEMS WAS SUB-PAR.
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