GARY REED FELDMAN is currently employed as a Broker and/or Investment Adviser at J.H. DARBIE & CO., INC. located at 101 EISENHOWER PKWY, SUITE 300, ROSELAND, NJ, 07068.
GARY REED FELDMAN has worked at J.H. DARBIE & CO., INC. since August 09, 2013
Disclosure History
GARY REED FELDMAN has 5 Disclosure Event(s).
Date: December 10, 2012 Category: Regulatory
Date: April 03, 2008 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT THE FIRM MISREPRESENTED WHICH FUND THE CUSTOMER WAS INVESTING IN. THE FIRM RESPONDED, EXPLAINING THAT THE CLAIM WAS BASELESS BECAUSE CUSTOMER HAD ALWAYS BEEN INVESTED IN THE FUND THAT HAD BEEN RECOMMENDED. FURTHER, THE CUSTOMER HAD RECEIVED DETAILED STATEMENTS ON A MONTHLY BASIS, SHOWING ALL RELEVANT INFORMATION REGARDING THE INVESTMENT (INCLUDING, BUT NOT LIMITED TO, NAME OF FUND, FUND BALANCES, ETC.). CUSTOMER ALSO RECEIVED K-1S ANNUALLY AND COMPLETED A SUBSTANTIAL SUBSCRIPTION AGREEMENT, WHICH WAS PART OF AN INVESTOR PACKAGE THAT INCLUDED A VERY DETAILED PRIVATE PLACEMENT MEMORANDUM AND OPERATING AGREEMENT FOR THE FUND, ALL OF WHICH IDENTIFIED THE FUND VERY CLEARLY. MR. FELDMAN HAD NUMEROUS CONVERSATIONS WITH THE CUSTOMER REGARDING THIS INVESTMENT, AS WELL AS OTHER INVESTMENTS WITHIN THE OVERALL PORTFOLIOS OF THE CUSTOMER, WHICH MR. FELDMAN ASSISTED IN MANAGING OVER THE COURSE OF THE RELATIONSHIP. CUSTOMER THREATENED TO FILE A LAWSUIT, SEEKING $200,000 IN DAMAGES. BECAUSE THE CUSTOMER WAS A REFERRAL FROM A CLOSE FRIEND OF MR. FELDMAN, THE FIRM OFFERED A NOMINAL SETTLEMENT OF $7,500. THE PARTIES HAVE MUTUALLY AGREED TO THIS SETTLEMENT AND NO LEGAL ACTION WAS EVER FILED. THE SETTLEMENT HAS BEEN FINALIZED. Damage Amount Requested: $200,000.00 Settlement Amount: $7,500.00
Date: June 19, 2001 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT FELDMAN AND PARTNER EXECUTED UNAUTHORIZED TRADES IN HIS ACCOUNT Damage Amount Requested: $61,930.00
Date: November 13, 1996 Category: Employment Separation After Allegations Firm Name: CIBC OPPENHEIMER CORP. Termination Type: Discharged Allegations: INTERNAL REVIEW OF ALLEGED UNAUTHORIZED TRADING Broker Comment: THE ALLEGATIONS PROVED UNFOUNDED. BY SETTLEMENT AGREEMENT AND RELEASE DATED OCT 1997, REPRESENTATIVE RETURNED PROPORTIIONATE SHARE OF PREVIOUSLY PAID "SIGN ON BONUS." ALL CLAIMS AND ALLEGATIONS WERE FOREVER DISCHARGED AND THE FIRM WAS TO CORRECT THE PREVIOUS MISFILING OF THE U5.
Date: January 25, 1991 Category: Customer Dispute Allegations: (SUITABILITY) Damage Amount Requested: $28,000.00 Damages Granted: $1,970.36 Broker Comment: THE RESULT WAS A PAYMENT FROM BEAR STEARNS OF IBELIEVE $1,900.[CUSTOMER] BOUGHT AMBASE STOCK ON AN UNSOLICITEDBASIS. THE TICKET WAS MARKED UNSOLICITED. [CUSTOMER] SAID INTHE ARBITRATION THAT MY TEAM UPDATED HIM CONSISTENTLY. HESTATED THAT WE HAD A VERY GOOD RELATIONSHIP AND THAT WE METFACE TO FACE OFTEN. THE STOCK GOT HIT IN OCT 89 WHEN WE HADTHE BANKING CRISIS IN THE US. THE CLIENT SAID AND REALIZEDTHAT HE HELD THE STOCK FOR OVER A YEAR, HE HAD RECEIVEDSTATEMENTS, THAT HE WAS KEPT UP TO DATE, BUT HE WAS STILLTRYING TO RECOOP THIS LOSS. BEAR STEARNS LAWYERS FELT THERESHOULD BE NO SETTLEMENT AT ALL AND QUESTIONED WHY THE ARBITRATIONAWARDED ANYTHING. THE TRADE WAS UNSOLICITED & WAS MARKEDACCORDINGLY.
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