JAMES FRANCIS MCCRORY is currently employed as a Broker and/or Investment Adviser at COASTAL EQUITIES, INC. located at 1201 N. ORANGE STREET, SUITE 729, WILMINGTON, DE, 19801.
JAMES FRANCIS MCCRORY has worked at COASTAL EQUITIES, INC. since May 26, 2016
Disclosure History
JAMES FRANCIS MCCRORY has 6 Disclosure Event(s).
Date: January 25, 2011 Category: Customer Dispute Allegations: CLIENT ALLEGES BROKER MISREPRESENTED UNSUITABLE SECURITIES, IN PERIOD 2008 TO 2009. Damage Amount Requested: $350,000.00 Settlement Amount: $90,000.00 10-05788
Date: October 04, 2000 Category: Customer Dispute Allegations: CUSTOMER, THROUGH SON-IN-LAW ALLEGED THAT THE ALZA BOND POSITION WAS SOLD WITHOUT AUTHORIZATION. THE TRANSACTION IN QUESTION OCCURRED IN MAY 2000. Damage Amount Requested: $40,000.00
Date: July 01, 1991 Category: Regulatory
Date: December 01, 1989 Category: Customer Dispute Allegations: UNAUTHORIZED TRANSACTIONS AND FAILURE TOOBTAIN AN EXECUTION OF AN ORDER; DAMAGES CLAIMED IN THE SUM OF$112,000. Damage Amount Requested: $112,000.00 Settlement Amount: $46,000.00 Broker Comment: SETTLED IN THE SUM OF $46,000 WITHOUT ANYADMISSION OF LIABILITY IN VIEW OF THE QUESTIONS OF FACT PRESENTIN THE CASE COUPLED WITH THE ECONOMIC INVOLVED IN DEFENDINGTHROUGH A HEARING. FINANCIAL CONSULTANT, JAMES MCCRORY, JR., DID NOT CONTRIBUTE.
Date: October 02, 1986 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT HE SUFFERED A LARGERLOSS ON A TRANSACTION THAN INTENDED, BECAUSE I FAILED TODESIGNATE SOMEONE TO CONTACT HIM WHEN A DESIGNATE PRICE WASRECHED. HE CLAIMED ALSO THAT THERE WERE TRANSACTIONS WHICH HEDID NOT UNDERSTNAD. I HAVE NO REGARD ALSO OF THE AMOUNT OFALLEGED DAMAGES. IT SEEMS THAT LESS THAN $30,000 WAS INVOLVED. Damage Amount Requested: $85,000.00 Settlement Amount: $20,000.00 Broker Comment: MERRILY LYNCH PAID MR. MASKES AN AMOUNT OFAPPROXIMATELY $14,000MERRILL LYNCH'S ATTORNEY, DENNIS POPE HAD TOLD METHE EVIDENCE WOULD SUPPORT A SUCCESSFUL DEFENSE. MR. MASKESCLAIMS WERE CONTRADICTED BY A SUBSTANTIAL TRADING RECORD ANDEXPERIENCE, DESPITE THIS, AND WITHOUT MY KNOWLEDGE THE ATTORNEYNEGOTIATED A SETTLEMENT AFTER A DISCUSSION WITH THE OFFICEMANAGER. ALL DONE WITHOUT MY INVOLVEMENT. I HAD DONE NOTHINGWRONG, YET I WAS GIVEN NO FORUM TO ESTABLISH THAT FACT.
Date: September 05, 1986 Category: Customer Dispute Allegations: THAT THE INVESMTMENT ACCOUNT WAS EXCESSIVELYTRADED WITH SOME INVESTMENTS BEYONG THE SUITABILITY OF THECOUPLE. WHILE DAMAGES CLAIMED EXCEEDED $100,000. THEY DID NOTATTEMPT TO OFFSET GAINS PRESENT Damage Amount Requested: $300,000.00 Damages Granted: $101,531.07 Broker Comment: THE CUSTOMERS WERE AWAREDED AN ARBITRATION AWARD OFAPPROXIMATELY $100,000 WITH MERRILL LYNCH AND I FOUND JOINTLYRESPONSIBLE. THERE WERE NO PENALTIES OR FINES. LATER THE NYSEWOULD INVESTIGATE THE ENTIRE MATTER THIS CULMINATED IN ACONSENT AGREEMENT BETWEEN MYSELF AND THE NYSE; A CENSURE ANDONE MONTHY SUSPENSION FROM MEMBERSHIP, AND ONE YEAR IN WHICH NOUNCOVERED TRANSACTIONS WERE ALLOWED.THE TESTIMONY OF THE CUSTOMER WAS FALSE. THIS WASAPPARENTLY A CHARACTER DEFECT. BOTH WOULD PLEAD GUILTY (ALFORDPLEAS) TO DEFRAUDING THE FEDERAL MEDICARE PROGRAM WITH FALSEBILLINGS BY THEIR AMBULANCE COMPANY. CUSTOMER WAS SENTENCEDAND SEVED MORE THAN TWO YEARS IN A FEDERAL PENITENTIARY.MERRILL LYNCH'S COMPLIANCE OFFICE LOST THE DOCUMENTS WHICHWOULD HAVE SUCCESSFULLY ALLOWED A DEFENSE. I ENTERED THECONSENT AGREEMENT SOLELY TO PUT THE MATTER TO AN END.
More Information
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