JOSEPH PATRICK MCGINLEY

JOSEPH PATRICK MCGINLEY is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 1 LIBERTY PLACE, 1650 MARKET STREET, PHILADELPHIA, PA, 19103.

JOSEPH PATRICK MCGINLEY has worked at MORGAN STANLEY since April 07, 2011

Disclosure History

JOSEPH PATRICK MCGINLEY has 4 Disclosure Event(s).

Date: March 20, 2018
Category: Customer Dispute
Allegations: CLIENT COMPLAINED, INTER ALIA, FAILURE TO FOLLOW INSTRUCTIONS WITH RESPECT TO SECURITY IN ACCOUNT - 2014 TO 2017.
Damage Amount Requested: $41,239.82

Date: September 02, 2015
Category: Customer Dispute
Allegations: Claimant alleges, inter alia, unsuitability and misrepresentation with respect to equity investments in account - April 2012 to May 2015.
Damage Amount Requested: $70,000.00
Settlement Amount: $17,700.00

Date: April 17, 1995
Category: Customer Dispute
Allegations: CLIENT ALLEGED UNAUTHORIZED TRADING,CHURNING, NEGLIGENCE, BREACH OF CONTRACT UNSUITABILITY ANDFRAUD AND ALLEGED LOSSES OF ABOUT $80,000. THE CLAIM WASSETTLED FOR $20,000 OUT OF BUSINESS CONSIDERATIONS SO THAT THECOSTS AND UNCERTAINTIES OF LITIGATION COULD BE AVOIDED. DEANWITTER DID NOT ADMIT ANY WRONGDOING IN SETTLING THE CLAIM, ANDTHE BROKER CONTINUES TO VEHEMENTLY DENY THE CHARGES.
Damage Amount Requested: $80,000.00
Settlement Amount: $20,000.00
Broker Comment: SETTLED FOR $20,000 W/O ADMITTING LIABILITY ANDSOLEY TO AVOID THE EXPENSES OF LITIGATION. DEAN WITTER PAID$20,000 I WAS NOT ASKED TO NOR DID I CONTRIBUTE TO THESETTLEMENT.THE ALLEGATIONS BY [CUSTOMER] WERE MERITLESS. IWAS PREPARED TO TESTIFY AT ANY HEARING AS I BELIEVE THE CLAIMWOULD HAVE BEEN DENIED. NONETHELESS, DEAN WITTER MADE ABUSINESS AND ECONOMIC DECISION TO SETTLED THIS MATTER FOR A SUMWHICH WAS LESS THAT THE COST TO CONTINUE TO DEFEND THE CLAIM.

Date: January 05, 1995
Category: Customer Dispute
Allegations: SUITABILITY, MISREPRESENTATION, BREACH OFFIDUCIARY DUTY; ACTUAL COMPENSATORY DAMAGES, ASKED AMOUNT$450,000.00 JOINTLY AND SEVERALLY
Damage Amount Requested: $450,000.00
Settlement Amount: $17,500.00
Broker Comment: W/O ADMITTING LIABILITY AND SOLELY TO AVOID THEEXPENSES OF LITIGATION, DEAN WITTER PAID $17,500 I WAS NOTASKED TO NOR DID I CONTRIBUTE TO THE SETTLEMENTTHE ALLEGATIONS BY THE [CUSTOMERS] WERE MERITLESS.I WAS PREPARED TO TESTIFY AT ANY ARBITRATION HEARING AS IBELIEVE THE CLAIM WOULD HAVE BEEN DENIED. NONETHELESS, DEANWITTER MADE A BUSINESS AND ECONOMIC DECISION TO SETTLE THISMATTER FOR A SUM WHICH WAS LESS THAN THE COST TO CONTINUE TODEFEND THE CLAIM

More Information

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