JAMES FOSTER HARGREAVES is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 969 EISENHOWER BOULEVARD, JOHNSTOWN, PA, 15904.
JAMES FOSTER HARGREAVES has worked at MORGAN STANLEY since July 30, 2010
JAMES FOSTER HARGREAVES has 4 Disclosure Event(s).
Date: February 06, 2007 Category: Customer Dispute Allegations: PENNSYLVANIA RESIDENT, POA FOR SON, WRITES THAT FA ASSURED HIM THAT THE COMMONWEALTH INCOME & GROWTH FUND II-LP WAS A SECURE INVESTMENT. INVESTED $40,000 ON 5/28/96 AND $40,000 ON 6/26/96. WRITES THAT SUITABILITY STANDARDS WERE VIOLATED AND THAT FA REPEATEDLY ASSURED HIM THAT THE ORIGINAL INVESTMENT WOULD BE RETURNED. NO LOSS SPECIFIED, NOP LOSSES ESTIMATED AT $23,736.09. Damage Amount Requested: $23,736.09 Settlement Amount: $52,000.00 Broker Comment: IN THE INTERESTS OF CLIENT RELATIONS, AND TO AVOID THE COSTS AND UNCERTAINTIES OF ARBITRATION, SETTLED IN THE AMOUNT OF $52,000, WITHOUT ADMITTING LIABILITY.
Date: July 07, 2005 Category: Customer Dispute Allegations: FL RESIDENT COMPLAINS THAT HE HAD INSTRUCTED FA NOT TO BUY ANY IPOS UNDERWRITTEN BY WACHOVIA, YET FA BOUGHT RECOMMENDED NUVEEN IPOS IN MARCH AND MAY 2005 AND DID NOT TELL CLIENT THEY WERE IPOS UNDERWRITTEN BY WACHOVIA. $5534.44 LOSS IN POSITIONS. Damage Amount Requested: $5,534.44 Settlement Amount: $5,534.44 Broker Comment: IN THE INTEREST OF CLIENT RELATIONS, AND TO AVOID COSTLY AND TIME CONSUMING FORMAL PROCEEDINGS, TRANSACTION REVERSED. COST TO REVERSE TRANSACTION $5534.44
Date: May 02, 2002 Category: Customer Dispute Allegations: BENEFICIARIES OF TRUST HAVE QUESTIONS ABOUT HANDLING OF ACCOUNT INCLUDING QUESTIONS ABOUT POSSIBLE CHURNING, AND UNSUITABILITY, AND USE OF MARGIN INTEREST. SEEK EXPLANATION OF APPARENT ANOMALIES AND REQUEST ACCOUNT DOCUMENTS, COMMISSION RUNS AND STATEMENTS. NO LOSSES SPECIFIED, BUT CLAIM APPEARS TO BE IN EXCESS OF $5K. Damage Amount Requested: $5,000.00 Damages Granted: $98,000.00 Broker Comment: CLIENTS ALLEGE UNSUITABLE, UNAUTHORIZED AND EXCESSIVE TRADING (I.E. CHURNING). ALLEGE COMPENSATORY DAMAGES IN EXCESS OF 40,000.00.AFTER A HEARING, THE NASD ARBITRATION PANEL FOUND WSI AND HARGREAVES JOINTLY AND SEVERALLY LIABLE IN THE AMOUNT OF $98,000 PLUS STATUTORY INTEREST. FA CONTRIBUTION HAS CHANGED FROM 0.00 TO $27,343.75
Date: March 21, 1996 Category: Customer Dispute Allegations: CLIENT ALLEGES MISHANDLING OF MOTHERS ACCOUNTAND UNSUITABILITY OF INVESTMENTS. CLIENT CLAIMS DAMAGES TO BEIN EXCESS OF $50,000 BUT LESS THAN $100,000 AND IS SEEKINGREIMBURSEMENT OF LOSSES AND ATTORNEY FEES. Damage Amount Requested: $100,000.00 Damages Granted: $9,750.00 Broker Comment: RESPONDENTS TO PAY [CUSTOMER] $9,500NOT PROVIDED
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