MELVIN JACK LOESER is currently employed as a Broker and/or Investment Adviser at EMPIRE ASSET MANAGEMENT COMPANY located at 29 Broadway, 12 Floor, NEW YORK, NY, 10006.
MELVIN JACK LOESER has worked at EMPIRE ASSET MANAGEMENT COMPANY since July 26, 2016
Disclosure History
MELVIN JACK LOESER has 3 Disclosure Event(s).
Date: September 22, 1998 Category: Customer Dispute Allegations: ARBITRATION CLAIM FILED BY MOTHER OF FORMERFA WHO HANDLED ACCOUNT ALLEGES THAT LOESER, IN MY CAPACIOTY ASASST. MANAGER, NEGLIGENTLY FAILED TO SUPERVISE THE ACCOUNT$100,000 IN DAMAGES ALLEGED. Damage Amount Requested: $100,000.00 Settlement Amount: $20,000.00 Broker Comment: ALL ALLEGATIONS AGAINST ME WERE DISMISSED PSI TOPAY CLAIMANT $20,000.00 I DID NOT PARTICIPATENOT PROVIDED
Date: July 14, 1978 Category: Customer Dispute Allegations: UNAUTHORIZED PURCHASE AND SALE OF SECURITIESCAUSING ABOUT $11,000 IN LOSSES TO THE CUSTOMER. Damage Amount Requested: $11,000.00 Damages Granted: $11,902.82 Broker Comment: CUSTOMER WAS AWARDED $11,902.82 WHICH WAS PAIDBY OPPENHEIMBER & CO INC.I WAS NAMED AS A SECOND DEFENDANT. OPPENHEIMERPAID THE FULL AMOUNT.
Date: June 01, 1973 Category: Employment Separation After Allegations Firm Name: SHEARSON HAMMILL & CO Termination Type: Permitted to Resign Allegations: N/AMISHANDLING CUSTOMER ACCOUNT Broker Comment: SHEARSON HAMMILL & CO TERMINATED MY EMPLOYMENTAND I REIMBURSED THE FIRM FOR $2,050.00I HAD PLACED 50 SHARES OF STOCK IN A CUSTOMER'SACCOUNT AND THE PRICE OF THE STOCK DROPPED BEFORE I TOOKACTION, CAUSING A LOSS OF $2,050.00 IN THE CUSTOMER'S ACCOUNT.I INFORMED THE CUSTOMER AND THE FIRM, WHICH REVERSED THETRANSACTION AND FULLY RECREDITED THE CUSTOMER'S ACCOUNT. I THENREIMBURSED THE FIRM FOR THE FULL AMOUNT.
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