JOSEPH BARTUMIOLI is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES & ASSOCIATES, INC. located at 135 CROSSWAYS PARK DRIVE, SUITE 104, WOODBURY, NY, 11797.
JOSEPH BARTUMIOLI has worked at RAYMOND JAMES & ASSOCIATES, INC. since November 04, 2013
JOSEPH BARTUMIOLI has 2 Disclosure Event(s).
Date: April 17, 2000 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT MR. BARTUMIOLI AND AN ASSOCIATE FAILED TO ENTER ANY ALLEGED ORDER TO EXERCISE CALL OPTIONS ON JULY 16, 1999. Damage Amount Requested: $2,500,000.00 Settlement Amount: $2,500.00 Broker Comment: THERE IS NO MERIT WHATSOEVER TO THE CUSTOMER'S CLAIM. THE CUSTOMER DID NOT GIVE AN ORDER TO EXERCISE. WHEN HE SAW THE MARKET FOR THE STOCK SUBSEQUENTLY RISE, HE CLAIMED HE ENTERED THE ORDER. THE CUSTOMER TOOK NO MARKET ACTION CONSISTENT WITH AN ALLEGED INTENT TO BUY AND HOLD THE STOCK. CUSTOMER SEEKS CONJECTURAL DAMAGES OF THE DIFFERENCE BETWEEN THE EXERCISE PRICE AND CURRENT MARKET PRICE, YET HE NEVER PURCHASED THE STOCK AND ASSUMED MARKET RISK. WITH RESPECT TO THE FAILURE TO SUPERVISE CLAIM, THE STATE CLAIM CONTAINS NO FACTUAL ALLEGATIONS WHICH WOULD SUPPORT SUCH A CLAIM. THE GRAVAMEN OF THE CLAIM IS THAT MERRILL LYNCH WOULD NOT SELL ORDER GIVEN BY THE CUSTOMER AFTER HE CHANGED HIS MIND WHEN HE SAW THE MARKET PRICE OF THE SECURITY RISE. CLAIM VOLUNTARILY DISMISSED WITH PREJUDICE AGAINST MR. GRIMALDI. PARTIES ARE SEEKING EXPUNGEMENT.
Date: January 23, 2000 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT FINANCIAL CONSULTANT MADE AN UNAUTHORIZED STOCK SALE. CUSTOMER FURTHER ALLEGES THAT FINANCIAL CONSULTANT FAILED TO EXECUTE A SELL ORDER. NO SPECIFIC AMOUNT OF DAMAGES WERE ALLEGED.
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