JOHN OLIVER NORWOOD is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at ONE LEGACY CIRCLE, 7500 DALLAS PARKWAY, SUITE 500, PLANO, TX, 75024.
JOHN OLIVER NORWOOD has worked at MORGAN STANLEY since June 01, 2009
Disclosure History
JOHN OLIVER NORWOOD has 3 Disclosure Event(s).
Date: July 09, 2009 Category: Customer Dispute Allegations: CLAIMANTS, RESIDENTS OF TEXAS, ALLEGE FRAUD, SUITABILITY, BREACH OF FIDUCIARY DUTY AND MISREPRESENTATION AGAINST FA FOR INVESTMENTS MADE IN THEIR ACCOUNTS FROM 2007-2008. CLAIMANTS SEEK DAMAGES OF $500,000 PLUS INTEREST, FEES, COSTS AND PUNITIVE RELIEF. Damage Amount Requested: $500,000.00 Settlement Amount: $40,000.00 Broker Comment: WITHOUT ADMITTING ANY LIABILITY, THE FIRM SETTLED THE MATTER FOR $40,000.00 TO AVOID THE EXPENSE AND UNCERTAINTY OF ARBITRATION.
Date: January 29, 1997 Category: Customer Dispute Allegations: CLIENTS PLACED A GTC ORDER TO SELL THEIR HCASTOCK. ON THE DAY THE STOCK WAS TO BE SOLD, CLIENTS ALLEGEDTHEY CALLED THE A.G. EDWARDS BRANCH OFFICE AND CANCELLED THEIRORDER. ON THE DAY OF THE ALLEGED CALL, MR. NORWOOD WAS OUT OFTOWN ATTENDING A BUSINESS MEETING. THE CLIENTS ALLEGED THEFAILURE TO CANCEL THEIR SELL ORDER RESULTED IN A MISSEDOPPORTUNITY FOR THEM TO GAIN $140,000 IN PROFITS. Damage Amount Requested: $140,000.00 Settlement Amount: $80,000.00 Broker Comment: TO AVOID FURTHER LITIGATION EXPENSES, A.G. EDWARDS SETTLED WITH [CUSTOMERS] FOR $80,000. MR. NORWOOD WAS NOT ASKED TO CONTRIBUTE.NOT PROVIDED
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