MARK FRANCIS HUMPHREY is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 2125 LOUISIANA BLVD NE, ALBUQUERQUE, NM, 87110.
MARK FRANCIS HUMPHREY has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since January 22, 1986
MARK FRANCIS HUMPHREY has 2 Disclosure Event(s).
Date: May 18, 2000 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE FC MISREPRESENTED AND MISQUOTED THE AMOUNT OF LOSSES ON INVESTMENTS FOR TAX PLANNING PURPOSES AND THAT FC INAPPROPRIATELY RECOMMENDED THE SALE OF INVESTMENTS. CUSTOMER FURTHER ALLEGE THAT THE FC RECOEMMENDED INVESTMENTS THAT DID NOT SUIT THEIR INVESTMENT SUITIATION AND NEEDS. Damage Amount Requested: $165,000.00 Damages Granted: $178,500.00 Broker Comment: THE ALLEGATIONS ARE DENIED. THE CLAIMANTS ALLEGED THAT, IN RECORDING A LADDERED BOND PORTFOLIO, THE RESPONDENTS MADEAN UNSUITABLE RECOMMENDATION AND FAILED TO DISCLOSE THE RISK THAT THE BONDS WOULD FLUCTUATE IN VALUE BEFORE MATURITY.MERRILL LYNCH AND MARK HUMPHREY DENIED THOSE ALLEGATIONS CONTENDING THAT CLAIMANTS WERE AWARE THAT THE VALUE OFTHE BONDS WOULD FLUCTUATE PRIOR TO MATURITY AND THAT THE LADDERED BOND PORTFOLIO SATISFIED TO CLAIMANTS' OBJECTIVE OF GENERATING STEADY CASH LOW OVER AN EXTENDED PERIOD AT THE TIME.
Date: March 08, 1993 Category: Customer Dispute Allegations: THAT THE FINANCIAL CONSULTANT FAILED TOFOLLOW INSTRUCTIONS THAT INVESTMENTS WERE TO ONLY BE IN FIXEDMATURITY PRINCIPAL GUARANTEED VEHICLES. ALLEGED DAMAGES OFAPPROXIMATELY $25,000.00. Damage Amount Requested: $25,000.00 Settlement Amount: $23,000.00 Broker Comment: $23,000 PAYMENT TO CUSTOMER.AS THE CUSTOMER DESIRED A BETTER RETURN THAN WASBEING EARNED BY FIXED INCOME INSTRUMENTS HE BOUGHT SEVERALFUNDS. THE FINANCIAL CONSULTANT BELIEVED HE EXPLAINED THAT SUCHINVESTMENTS WERE NOT GUARANTEED AS TO PRINCIPAL AND THAT THECUSTOMER FULLY UNDERSTOOD. THE CUSTOMER, HOWEVER, APPARENTLYDID NOT UNDERSTAND THAT FEATURE OF THE FUNDS AND THUS WE PAID ACOMPROMISE SETTLEMENT.
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