HORACE WILLIAM CARD

HORACE WILLIAM CARD is currently employed as a Broker and/or Investment Adviser at FIRST ALLIED SECURITIES, INC. located at 1118 E. HARRISON, HARLINGEN, TX, 78550.

HORACE WILLIAM CARD has worked at FIRST ALLIED SECURITIES, INC. since December 15, 1994

Disclosure History

HORACE WILLIAM CARD has 1 Disclosure Event(s).

Date: August 15, 1992
Category: Customer Dispute
Allegations: BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY,FRAUD, NEGLIGENCE, NEGLIGENT MISREPRESENTATION AND NEGLIGENTSUPERVISION. ALLEGED DAMAGES $1,000,000.00.
Damage Amount Requested: $1,000,000.00
Settlement Amount: $322,500.00
Broker Comment: PRIOR TO TRAIL, WITHOUT ADMITTING FAULT OR LIABILITY, THIS MATTER WAS SETTLED FOR $322,500.00 TO BE PAID BY THE FIRM. THE TRUSTEES OF THE PLAN AUTHORIZED ALL PURCHASES FOR THE ACCOUNT AFTER FULL DISCLOSURE OF THE NATURE AND RISK OF THOSE INVESTMENTS. THE INVESTMENTS WERE IN ACCORDANCE W/ THE OBJECTIVES OF THE PLAN, & THE TTEES CONFIRMED IN WRITTING THAT THE PLAN WAS SUITABLE FOR THESE INVESTMENTS. TO AVOID ADDITIONAL LEGAL FEES, SHEARSON ELECTED TO SETTLE THE MATTER. THE CARDS DID NOT AGREE WITH THIS DECISION AND WERE PREPARED TO PROCEED W/ LITIGATION. NEITHER INDIVIDUAL WAS REQUESTED TO CONTRIBUTE.NOT PROVIDED

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for HORACE WILLIAM CARD, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.