GENE MACKEVICH is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 227 WEST MONROE STREET, SUITE 3400, CHICAGO, IL, 60606.
GENE MACKEVICH has worked at MORGAN STANLEY since June 01, 2009
GENE MACKEVICH has 10 Disclosure Event(s).
Date: April 29, 2005 Category: Customer Dispute Allegations: MISREPRESENTATION, UNSUITABIILTY, BREACH OF CONTRACT, FRAUD, BREACH OF FIDUCIARY DUTY AND NEGLIGENCE FROM JULY 2000 THROUGH AUGUST 2001. Damage Amount Requested: $206,000.00 Settlement Amount: $75,000.00
Date: November 24, 2003 Category: Customer Dispute Allegations: ALLEGED BREACH OF FIDUCIARY DUTY, UNSUITABLILTY, NEGLIGENCE, BREACH OF CONTRACT AND VIOLATION OF "KNOW YOUR CUSTOMER" RULE FROM APPROXIMATLEY 2000-2003. Damage Amount Requested: $100,000.00 Settlement Amount: $42,500.00 Broker Comment: THIS MATTER WAS SETTLED BY THE FIRM. THE PANEL ORDERED THE EXPUNGEMENT OF THE CASE FROM THE BROKER'S CRD.
Date: March 02, 2001 Category: Customer Dispute Allegations: THE CLIENT ALLEGED THAT HER MANAGED ACCOUNT IS NOT APPROPRIATE FOR HER BASED ON THE TIME HORIZON AND RISK TOLERANCE AND THAT SHE WAS ASSURED THAT SHE COULD GET OUT OF HER MANAGED ACCOUNT AT ANY TIME. NOVEMBER 1998 THROUGH MARCH 2001. ALLEGED DAMAGES UNSPECIFIED. Broker Comment: THE CLIENT'S CLAIM WAS DENIED.
Date: December 01, 1992 Category: Customer Dispute Allegations: BREACH OF FIDUCIARY DUTY, PROFESSIONALNEGLIGENCE, INTENTIONAL MISREPRESENTATION, NEGLIGENTMISREPRESENTATION AND CONSTRUCTIVE FRAUD. Damage Amount Requested: $75,000.00 Settlement Amount: $14,499.00 Broker Comment: SMITH BARNEY SHEARSON SETTLED THIS MATTER FOR$14,499.ALL CLAIMS AGAINST MR. MACKEVICH WERE DISMISSEDBY THE CLAIMANTS WITH AN ACKNOWLEDGEMENT THAT THE FOCUS OFTHEIR COMPLAINT WAS ON PRODUCT PERFORMANCE, RATHER THAN THEBROKER'S SALES PRACTICE.
Date: May 01, 1991 Category: Regulatory Initiated By: ILLINOIS SECURITIES DEPARTMENT Allegations: MISREPRESENTATIONS, OMISSION OF MATERIALFACTS AND INTENT TO WORK A FRAUD IN CONNECTION WITH THE OFFERAND/OR SALE OF SECURITIES IN ILLINOIS. RESPONDENTS ARE JEFFREYMACKEVICH, EUGENE MACKEVICH AND E. F. HUTTON, & COMPANY, INC.THE NOTICE OF HEARING ISSUED ON MAY 1, 1991 LISTED SHEARSONLEHMAN HUTTON, INC. AS A RESPONDENT BUT THEN WAS ACQUIRED BY E.F. HUTTON & COMPANY, INC. Resolution: Consent Sanction Details: CONSENT ORDER OF PROHIBITION ISSUED AUGUST 29,1991 AGAINST THE RESPONDENTS E.F. HUTTON & COMPANY, INC.,JEFFREY MACKEVICH AND ENGENE MACKEVICH. E.F. HUTTON & COMPANY,*INC. WAS FINED $10,000.00 AND BOTH MACKEVICH'S ARE PROHIBITIONFROM OFFERING OR SELLING ANY SECURITIES IN THE STATE OFILLINOIS, EXCEPT IN COMPLIANCE WITH THE ACT.
Date: April 19, 1991 Category: Customer Dispute Allegations: MISREPRESENATATION, SOUGHT $42,060 IN DAMAGES Damage Amount Requested: $42,060.00 Damages Granted: $12,900.00 Broker Comment: CLAIMANT AWARDED $12,900 SHEARSON LEHMANBROTHERS PAID TOTAL AWARDALTHOUGH I WAS THE BROKER OF RECORD I HAD NODIRECT CONTACT WITH THE CLIENT HIS COMPLAINT WAS AGAINSTANOTHER MEMBER OF THE MACKEVICH TEAM AND WAS REPORTED ON THATMEMBERS U-4.
Date: September 18, 1989 Category: Customer Dispute Allegations: UNAUTHORIZED TRADING Damage Amount Requested: $8,000.00 Damages Granted: $4,000.00 Broker Comment: RELIEF AWARDED IN THE AMOUNT OF $4,000.00PLEASE ARCHIVE-NO ALLEGATION OF SALES PRACTICEVIOLATIONS BY FC. THIS MATTER IS NO LONGER REPORTABLE. DRP #41819.
Date: August 11, 1989 Category: Regulatory
Date: February 17, 1989 Category: Customer Dispute Allegations: [CUSTOMER] ALLEGED MISREPRESENTATIONSCONCERNING AN INVESTMENT IN THE HUTTON INVESTMENT SERIES.ALLEGED DAMAGES 12,000.00 Damage Amount Requested: $12,000.00 Settlement Amount: $10,500.00 Broker Comment: THE FIRM DECIDED TO SETTLE THE MATTER FOR $10,500I CONTRIBUTED $5,250.00 TOWARDS THE SETTLEMENT AMOUNT.[CUSTOMER] PURCHASED HUTTON INVESTMENTSERIES GOVERNMENT SECURITIES ON 3 DIFFERENT OCCASIONS: 11-6-85 $37,000 4-3-86 $ 5,000 UNSOLICITED 3-26-87 $25,000 UNSOLICITED SHE RECEIVED A PROSPECTUS EACH TIME SHE INVESTED, UNDERSTOODTHE PRINCIPAL AND INTEREST WOULD FLUCTUATE, AND WAS AWARE OF THECONTINGENT DEFERRED SALES CHARGE. SHE LATER DENIED THAT SHE HADANY SUCH UNDERSTANDING. THIS IS NOT TRUE.
Date: July 01, 1988 Category: Customer Dispute Allegations: PLAINTIFF ALLEGED BREACH OF FIDUCIARY DUTY,BREACH OF CONTRACT AND UNSUITABILITY. ALLEGEDDAMAGES-COMPENSATORY $150,000. PUNITIVE-$1,500,000. Damage Amount Requested: $150,000.00 Settlement Amount: $40,000.00 Broker Comment: THE MATTER WAS SETTLED FOR BUSINESS REASONS.SHEARSON LEHMAN BROTHERS PAID TOTAL SETTLEMENT. $40,000IN 1981, AFTER RECEIVING $1 MILLION ON A REALESTATE INVESTMENT, [CUSTOMER] WAS SEARCHING FOR A TAX SHELTERAND INVESTED A PORTION OF HER MONIES IN AN OIL AND GAS LIMITEDPARTNERSHIP HUTTON. SEVEN YEARS LATER, AFTER HAVING TAKEN THESUBSTANTIAL TAX SAVINGS OF THIS PRODUCT, SHE SUED, CLAIMINGUNSUITABILITY AND MISREPRESENTAIONS. THE INVESTMENT WASSUITABLE FOR HER, AND SHE WAS WELL APPRISED OF THE RISKS. THEFIRM DID NOT ASK ME TO CONTRIBUTE TO THE SETTLEMENT.
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