LEON FRED MARKOFF is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 950 WINTER STREET, WALTHAM, MA, 02451.
LEON FRED MARKOFF has worked at MORGAN STANLEY since June 01, 2009
Disclosure History
LEON FRED MARKOFF has 3 Disclosure Event(s).
Date: December 09, 2011 Category: Customer Dispute Allegations: CLIENT'S DAUGHTER ALLEGED THAT HER PARENTS WERE MISLED INTO BELIEVING THAT THE ONLY TYPE OF ACCOUNT THAT THEY COULD MAINTAIN AT MSSB, WAS A FEE-BASED ACCOUNT. ALLEGED DAMAGES UNSPECIFIED. 1999-2011. Settlement Amount: $18,000.00 Broker Comment: THIS SETTLEMENT WAS MADE STRICTLY AS A BUSINESS ACCOMMODATION FOR A THIRTY PLUS YEAR CLIENT WHOSE ASSETS QUADRUPLED IN VALUE.
Date: July 02, 2002 Category: Customer Dispute Allegations: UNSUITABILITY, MISREPRESENTATION, UNAUTHORIZED TRADING, BIOLATION OF NASD AND NYSE RULES, FRAUD, BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT AND NEGLIGENCE FROM MAY 1, 2000 THROUGH NOVEMBER 23, 2001. Damage Amount Requested: $200,000.00 Settlement Amount: $77,500.00
Date: April 15, 1988 Category: Customer Dispute Allegations: PLAINTIFF ALLEGED UNSUITABILITY ANDUNAUTHORIZED TRADING, FAILURE TO FOLLOW INSTRUCTIONS. ALLEGEDDAMAGES - $200,000. Damage Amount Requested: $200,000.00 Settlement Amount: $142,000.00 Broker Comment: SETTLEMENT $1142,000. SHEARSON LEHMAN BROTHERS INC. PAID TOTAL SETTLEMENTAS INDICATED IN THE ANSWER THAT WAS FILED IN THELAWSUIT, I DID NOT VIEW [CUSTOMERS'] CLAIMS AS FAIR OR ACCURATE.I DID NOT GUARANTEE INVESTMENT RESULTS DID NOT UNDERTAKE TOLIQUIDATE THE ACCOUNT AT PRE-ARRANGED PRICE AND MADE MYRECOMMENDATIONS BASED PRIMARILY ON E.F. HUTTON RESERCH AND MYUNDERSTANDING OF THE CLIENT'S INVESTMENT OBJECTIVES I BELIEVETHE CLIENT WAS AWARE OF THE DEGREE OF RISK ASSOCIATED WITH THEVARIOUS INVESTMENTS AND THAT THE RISK WAS APPROPRIATE IN LIGHTOF HIS SUBSTANTIAL POSITION, AGO, AND BACKGROUND.
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