JEROME CHARLES GENDRON is currently employed as a Broker and/or Investment Adviser at STIFEL, NICOLAUS & COMPANY, INCORPORATED located at 477 SOUTH THIRD, SUITE 210, GENEVA, IL, 60134.
JEROME CHARLES GENDRON has worked at STIFEL, NICOLAUS & COMPANY, INCORPORATED since June 04, 2001
Date: August 25, 1997 Category: Customer Dispute Allegations: ALLEGED UNSUITABLE EQUITY INVESTMENTS WITHDAMAGES IN EXCESS OF $10,000. Settlement Amount: $18,000.00 Broker Comment: SETTLED FOR BUSINESS REASONS IN MEDIATION FOR$18,000 WITHOUT ADMITTING OR DENYING LIABILITY.N/A
Date: March 11, 1994 Category: Customer Dispute Allegations: CLAIMANT ALLEGES UNSUITABILITY ANDMISPREPRESENTATION WITH RESPECT TO DI PRODUCTS. ALLEGED DAMAGESOF $100,000. Damage Amount Requested: $100,000.00 Settlement Amount: $36,000.00 Broker Comment: CLAIM WAS SETTLED FOR $36,000.[CUSTOMER] DISCUSSED MY INVESTMENTRECOMMENDATIONS WITH HER SON'S PRIOR TO MAKING THE INVESTMENTS.ADDITIONALLY, I SPOKE WITH SON ROBERT ON THE PHONE AND INPERSON REGARDING VARIOUS INVESTMENT DECISIONS FOR HIS MOTHER.ROBERT IS EMPLOYED BY A SECURITIES FIRM, IS SECURITIESLICENSED, AND WAS TRADING OPTIONS IN HIS MOTHER'S ACCOUNT.GIVEN THIS, SHE WAS NEITHER NAIVE OR UNSUITABLE. CLAIMS OFMISREPRESENTATION EQUATES TO MEMORY FAILURE OR LYING ON THECLIENT'S PART. THIS AWARD SHOULD NOT HAVE BEEN MADE.
Date: October 21, 1993 Category: Customer Dispute Allegations: THE ABOVE REFERENCED CLIENT HAS SUBMITTED ACLAIM FORM TO THE CLAIMS RESOLUTIONS PROCESS RELATING TO THEPURCHASES OF VARIOUS LIMITED PARTNERSHIPS DURING THE PERIOD10/88 TO 12/88. JEROME C. GENDRON WAS THE BROKER OF RECORD ATTHE TIME OF THE PURCHASES. NO DAMAGES ARE ALLEGED,BUT THEAMOUNT OF ACTUAL LOSS(OUT-OF-POCKET LOSS) IS:$9,061 Damage Amount Requested: $9,061.00 Settlement Amount: $11,144.00 Broker Comment: A SETTLEMENT FOR THE ABOVE CLIENT HAS BEENREACHED IN THE CLAIMS RESOLUTION PROCESS. THE DOLLAR AMOUNT OFTHE SETTLEMENT IS AS FOLLOWS:$11,144THIS MATTER RESULTED FROM THE UNPRECEDENTED,UNSOLICITED MAILING OF CLAIM FORMS BY PSI TO OVER 340,000INVESTORS WHO PURCHASED LIMITED PARTNERSHIPS THROUGH PSI FROMJANUARY 1 1980 TO JANUARY 1 1991. THE ABOVE-REFERENCED CLIENTSUBMITTED A CLAIM FORM IN RESPONSE TO THIS MAILING. THE CLAIMFORM WAS EVALUATED BY PSI IN ACCORDANCE WITH THE STANDARDSESTABLISHED UNDER THE SETTLEMENT BETWEEN PSI AND THE SEC, THENASD AND THE STATE SECURITIES ADMINISTRATORS. THE REPORTEDSETTLEMENT AROSE OUT OF THIS UNIQUE PROCESS
Date: October 21, 1993 Category: Customer Dispute Allegations: THE ABOVE REFERENCED CLIENT HAS SUBMITED ACLAIM FORM TO THE CLAIMS RESOLUTION PROCESS RELATING TO THEPURCHASE OF VARIOUS LIMITED PARTNERSHIPS DURING THE PERIOD 8/86TO 7/89. JEROME GENDRON WAS THE BROKER OF RECORD AT THE TIME OFTHE PURCHASES. NO DAMAGES ARE ALLEGED, BUT THE AMOUNT OFACUTUAL LOSS(OUT-OF-POCKET LOSS) IS APPROXIMATELY: $6,982 Damage Amount Requested: $6,982.00 Settlement Amount: $16,193.00 Broker Comment: A SETTLEMENT FOR THE ABOVE CLIENT HAS BEENREACHED IN THE CLAIMS RESOLUTION PROCESS. THE DOLLAR AMOUNT OFTHE SETTLEMETN IS APPROXIMATELY FOLLOWS:$16,193THIS MATTER RESULTED FROM THE UNPRECEDENTED,UNSOLICITED MAILING OF CLAIM FORMS BY PSI TO OVER 340,000INVESTORS WHO PURCHASED LIMITED PARTNERSHIPS THROUGH PSI FROMJANUARY 1 1980 TO JANUARY 1 1991. THE ABOVE-REFERENCED CLIENTSUBMITTED A CLAIM FORM IN RESPONSE TO THIS MAILING. THE CLAIMFORM WAS EVALUATED BY PSI IN ACCORDANCE WITH THE STANDARDSESTABLISHED UNDER THE SETTLEMENT BETWEEN PSI AND THE SEC, THENASD AND THE STATE SECURITIES ADMINISTORS. THE REPORTEDSETTLEMENT AROSE OUT OF THIS UNIQUE PROCESS.
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