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
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