MARY GALE PATRANELLA

MARY GALE PATRANELLA is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 600 TRAVIS STREET, SUITE 3700, PWM, HOUSTON, TX, 77002.

MARY GALE PATRANELLA has worked at MORGAN STANLEY since January 31, 2012

Disclosure History

MARY GALE PATRANELLA has 1 Disclosure Event(s).

Date: January 06, 2012
Category: Employment Separation After Allegations
Firm Name: MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
Termination Type: Voluntary Resignation
Allegations: ALLEGATIONS THAT WITH RESPECT TO CERTAIN OPTIONS ORDERS ENTERED BY THE REPRESENTATIVE, THE REPRESENTATIVE DID NOT KEEP MEMORANDA THAT INCLUDED ALL REQUIRED INFORMATION. ALLEGATIONS THAT, FURTHERMORE, MEMORANDA WERE NOT MAINTAINED FOR UNEXECUTED TRANSACTIONS.
Broker Comment: REGISTERED REP STATES "PRIOR TO MY VOLUNTARY RESIGNATION, THERE WAS NO DIRECT COMMUNICATION FROM ANY LEVEL OF MERRILL LYNCH MANAGEMENT OF ALLEGATIONS OR ACCUSATIONS AGAINST ME. IN SUPPORT OF OUR BUSINESS, MERRILL LYNCH MANAGEMENT NOTIFIED OUR TEAM OF A PROCEDURAL ERROR IN OUR BUSINESS PRACTICE. SPECIFICALLY, WE WERE INFORMED THAT IN CERTAIN INSTANCES OUR TEAM HAD NOT COMPLETED MANUAL ORDER TICKETS AFTER CALLING IN LARGE ORDERS TO THE TRADING DESK. WITH THE HELP AND ASSISTANCE OF MANAGEMENT, OUR TEAM PROMPTLY CORRECTED THE ISSUE AND WAS ALLOWED TO CONTINUE WITH OUR INVESTMENT STRATEGIES. WE WERE LATER INFORMED THAT THE MATTER HAD BEEN CONCLUDED AND THAT MANAGEMENT WOULD CONTINUE TO HELP AND SUPPORT THE FUTURE GROWTH OF OUR BUSINESS. OUR SUBSEQUENT AND COMPLETELY VOLUNTARY RESIGNATION FROM MERRILL LYNCH WAS BASED ON THE LEADERSHIP AND RESOURCES AVAILABLE TO OUR TEAM AND OUR CLIENTS AT MORGAN STANLEY PRIVATE WEALTH MANAGEMENT."

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for MARY GALE PATRANELLA, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.