MARK ALLEN FROMMER is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at THREEFIRST NATIONAL PLAZA, 70 W. MADISON ST. STE 5100, CHICAGO, IL, 60602.
MARK ALLEN FROMMER has worked at MORGAN STANLEY since October 29, 2010
MARK ALLEN FROMMER has 2 Disclosure Event(s).
Date: December 16, 2001 Category: Customer Dispute Allegations: WHILE REQUESTING TO BE RELIEVED OF FUTURE FINANCIAL OBLIGATIONS TO A DIRECT INVESTMENT, CUSTOMER ALLEGED THAT HIS INVESTMENT REPRESENTATIVE FAILED TO FOLLOW AN INSTRUCTION NOT TO LET IS INVESTMENT ACCOUNT FALL BELOW A CERTAIN VALUE. THOUGH CUSTOMER HAS NOT ALLEGED ANY SPECIFIC DAMAGES, IT IS ESTIMATED THAT SHOULD HE DO SO, THEY WILL EXCEED $5,000.00 Damage Amount Requested: $5,001.00
Date: March 07, 1995 Category: Customer Dispute Allegations: ALLEGED THAT 2 MUTUAL FUNDS WERE UNSUITABLEFOR THE CLIENT AND THAT THE RISK INVOLVED WAS IN THE INVESTMENTWAS FRAUDELENTLY MISREPRESENTED AT THE TIME OF SALES.REQUESTING: 1)RESCISSION, 2)10% INTEREST ON INVESTMENT (118,999INVESTED IN 1/18/1994), 3)ATTORNEY FEES AND COST, 4)PUNITIVEDAMAGES $50,000 Damage Amount Requested: $50,000.00 Settlement Amount: $18,000.00 Broker Comment: WITHOUT ADMITTING LIABILITIES AND IN ORDER TOAWARD THE EXPENSE AND UNCERTAINTIES OF LITIGATION, MORGANSTANLEY HAS SETTLED WITH THE CUSTOMER FOR $18,000.MARK FROMMER WAS NOT NAMED AS A RESPONDENT IN THEPROCEEDINGS. MORGAN STANLEY BELIEVED THAT THE OBLIGATIONS MADEBY [CUSTOMER], WERE TOTALLY WITHOUT MERIT AND AFTER THE FACT.ATTEMPT TO RATIONALIZE BAD INVESTMENT DECISIONS THAT HE MADE.MORGAN STANLY DETERMINED TO SETTLED THE CASE FOR THE REASONSSET FORTH IN ITEM C ABOUE.
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