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
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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