JAMES DALE NETHERLAND

JAMES DALE NETHERLAND is currently employed as a Broker and/or Investment Adviser at INSTITUTIONAL SECURITIES CORPORATION located at 12720 HILLCREST RD., SUITE 980, DALLAS, TX, 75230.

JAMES DALE NETHERLAND has worked at INSTITUTIONAL SECURITIES CORPORATION since November 03, 2015

Disclosure History

JAMES DALE NETHERLAND has 1 Disclosure Event(s).

Date: April 15, 1996
Category: Customer Dispute
Allegations: CLAIM OF UNAUTHORIZED SALES AND PURCHASES OFSECURITIES IN 1994 AND 1995, CLAIMS OF FAILURE TO OBTAIN BESTPRICES FOR CLIENT AND FAILURE TO ACT IN HER BEST INTEREST,ALLEGED DAMAGES $183,640.00
Damage Amount Requested: $183,640.00
Settlement Amount: $80,000.00
Broker Comment: SOUTHWEST SECURITIES PAID $80,000.00. THE CLIENTACKNOWLEDGED THERE HAD BEEN A MISUNDERSTANDING. THERE WEREMUTUAL RELEASES.NO UNAUTHORIZED TRADES WERE MADE, [CUSTOMER]DELIVERED BONDS TO BE SOLD AND NO COMPLAINT ABOUT THE 1994TRADES WERE MADE UNTIL 16 MONTHS LATER. BASED ON ADVICE OF THECUSTOMER'S LAWYER AND CPA CERTAIN TRADES WERE DONE FOR TAXREASONS. STANDARD MARK-UPS AND COMMISSIONS WERE CHARGED ON THEBONDS AND BEST AVAILABLE PRICES WERE OBTAINED. CLIENT AND HERADVISORS CALCULATING IGNORES GAINS REALIZED.

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