JOHN ELDON STORMS is currently employed as a Broker and/or Investment Adviser at NATIONS FINANCIAL GROUP, INC. located at 20 SHEFFIELD RD., REHOBOTH BEACH, DE, 19971.
JOHN ELDON STORMS has worked at NATIONS FINANCIAL GROUP, INC. since February 01, 2007
Disclosure History
JOHN ELDON STORMS has 2 Disclosure Event(s).
Date: May 10, 2005 Category: Customer Dispute Allegations: FAILURE TO SUPERVISE, CHRUNING Damage Amount Requested: $153,000.00 Settlement Amount: $10,000.00 Broker Comment: MR. STORMS WAS THE MANAGER OF A FSI BRANCH IN HOHOKUS WHERE CUSTOMER HAD AN ACCOUNT WITH ANOTHER ACCOUNT EXECUTIVE. CUSTOMER SIGNED SEVERAL LETTERS SAYING HE UNDERSTOOD AND ACCEPTED HIS TRADING AND AGREEING THAT HE UNDERSTOOD THE RISK. THE ISSUE WAS SETTLED 4-27-06. THE REP PAID $5000 AS HIS PART OF THE SETTLEMENT. TOTAL SETTLEMENT WAS CONFIDENTIAL AND BELIEVED TO BE GREATER THAN $10,000.
Date: September 22, 1999 Category: Regulatory Initiated By: NEW JERSEY BUREAU OF SECURITIES Allegations: STORM'S BROKERAGE REGISTRATION LAPSED FOR A 3 WEEK PERIOD JUNE-JULY 1997. (UNREGISTERED BROKER) Resolution: Consent SanctionDetails: Sanctions: Monetary/Fine SanctionDetails: Amount: $12,000.00 Sanction Details: FROM JUNE 13, 1997 THROUGH JULY 13, 1997, STORMS OFFERED AND SOLD SECURIITES FROM NEW JERSEY TO NEW JERSEY RESIDENTS AND OTHERS WHILE EMPLOYED BY FIRST SECURITIY BY NOT REGISTERED AS AN AGENT, AND RECEIVED COMMISSSIONS ASSOCIATED WITH SAID TRANSACTIONS FROM FIRST SECURITY. Broker Comment: STORMS NEITHER ADMITS OR DENIES THAT SUCH ACTS AND PRACTICES CONSTITUE VIOLATIONS TO THE NEW JERSEY UNIFORM SECURITITES LAW,
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