LAWRENCE JAY KALISH is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 20807 BISCAYNE BLVD, SUITE 403, AVENTURA, FL, 33180.
LAWRENCE JAY KALISH has worked at MORGAN STANLEY since June 15, 2012
Disclosure History
LAWRENCE JAY KALISH has 3 Disclosure Event(s).
Date: July 12, 2010 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE, INTER ALIA, MISREPRESENTATIONS WITH RESPECT TO ARS Damage Amount Requested: $9,875,000.00 Damages Granted: $5,975,000.00 Broker Comment: THE REGISTRANT IS NOT A NAMED RESPONDENT AND DENIES THE ALLEGATIONS IN THE STATEMENT OF CLAIM. CLAIMANTS WERE TEMPORARILY WITHOUT LIQUIDITY BUT HAVE NOT SUFFERED REALIZED DAMAGES. THE AWARD REQUIRES OPPENHEIMER TO BUY BACK CLAIMANTS' REMAINING ARS VALUED AT 5,975,000.00.
Date: March 02, 2000 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT MR. KALISH CHURNED THEIR ACCOUNT OVER A PERIOD OF NEARLY THREE YEARS. THE ACCOUNT WAS A DISCRETIONARY ACCOUNT. THE ALLEGED DAMAGES ARE APPROXIMATELY $50,000.00. Damage Amount Requested: $50,000.00 Broker Comment: MR. KALISH CATEGORICALLY DENIES THE ALLEGATIONS. THE CUSTOMERS' PRIMARY STATED OBJECTED WAS SHORT-TERM TRADING, THEIR STATED ANNUAL INCOME EXCEEDED $1MILLION, THEIR NET WORTH EXCEED $8 MILLION AND THEY SAID THAT THEY WERE TRADING AGGRESSIVELY IN A LEAST ONE OTHER ACCOUNT. THE TRADING IN ISSUE, TO WHICH THEY DID NOT OBJECT DURING THE THREE-YEAR PERIOD IN WHICH THEY MAINTAINED THE ACCOUNT, WAS CONSISTENT WITH THEIR OBJECTIVES. MOREOVER, ACCORDING TO OPPENHEIMER, THEIR ACCOUNT GENERATED A PROFIT OF MORE THAN $190,000.00.
Date: June 24, 1996 Category: Customer Dispute Allegations: CUSTOMER INITIATED A CUSTOMER COMPLAINTAGAINST ME ALLEGING EXCESSIVE TRADING IN THE ACCOUNT. AS WELLAS QUESTIONING THE SUITABILITY OF PUTTING THE ACCOUNT ON MARGINAND TRADING OPTIONS. WHILE THE CLIENT ADMITS THAT THE ACCOUNTMADE $7,000 OVER ITS LIFE AT OPPENHEIMER, SHE IS STILL ALLEGINGDAMAGES OF $64,300. Damage Amount Requested: $64,300.00 Settlement Amount: $25,000.00 Broker Comment: SETTLED FOR $25,000 WHICH WILL BE PAID HALF BYME AND HALF BY MY PARTNER.CLIENT`S COMPLAINT IS INCONSISTENT WITH STATEDGOALS AS INSTRUCTED TO ME BY HER BROTHER. HER BROTHER HADAUTHORITY TO OVERSEE HER ACCOUNT AND WAS KEPT INFORMED OF EVERYTRANSACTION AND WAS FURTHER APPRISED BY FAXES AND PHONECONVERSATIONS. MOST IMPORTANTLY, CUSTOMER(ACKNOWLEDGED INWRITING, BY HER SIGNATURE) THAT SHE WAS A SUITABLE INVESTOR FORBOTH MARGIN AND OPTIONS. MOST SIGNIFICANT IS THE FACT THAT ATTHE CONCLUSION OF THE ACCOUNT CUSTOMER REALIZED A NET PROFIT!
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