JOHN PHILLIP ISENBURG

JOHN PHILLIP ISENBURG is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 1500 MAIN STREET, SUITE 1900, SPRINGFIELD, MA, 01115.

JOHN PHILLIP ISENBURG has worked at MORGAN STANLEY since September 25, 2017

Disclosure History

JOHN PHILLIP ISENBURG has 3 Disclosure Event(s).

Date: March 13, 2008
Category: Customer Dispute
Allegations: THIS VERBAL COMPLAINT AROSE OUT OF THE SALE OF AN AUCTION RATE SECURITY (ARS) THAT WAS MADE PRIOR TO THE WIDESPREAD ILLIQUIDITY IN THE ARS MARKET THAT OCCURRED IN FEBRUARY 2008.
Damage Amount Requested: $350,000.00
Settlement Amount: $150,000.00
Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENTS TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.

Date: May 03, 2006
Category: Customer Dispute
Allegations: CLIENT ALLEGES THAT THE PURCHASE OF "WORLDCOM" WAS UNAUTHORIZED AND THAT SHE "NEVER REQUESTED THAT ANYONE BUY THAT STOCK OR ANY OTHER. TIME FRAME: JANUARY 2000.
Damage Amount Requested: $9,119.00

Date: April 02, 2003
Category: Customer Dispute
Allegations: EXECUTOR, THROUGH COUNSEL, STATES THAT HE MET WITH FINANCIAL ADVISOR AND ASKED THAT CONCENTRATED SECURITIES BE LIQUIDATED WITH THE "PROCEEDS REINVESTED IN A DIVERSIFIED PORTFOLIO INTENDED FOR CAPITAL APPRECIATION" BUT ASSETS WERE RETAINED THAT SHOULD HAVE BEEN SOLD.
Damage Amount Requested: $88,725.00
Broker Comment: THE EXECUTOR'S ALLEGATIONS ARE COMPLETELY WITHOUT MERIT. I HAD LIMITED CONTACT WITH HIM.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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