MICHAEL PATRICK DOWD is currently employed as a Broker and/or Investment Adviser at PURSHE KAPLAN STERLING INVESTMENTS located at 3010 WESTCHESTER AVENUE, SUITE 307, PURCHASE, NY, 10577.
MICHAEL PATRICK DOWD has worked at PURSHE KAPLAN STERLING INVESTMENTS since September 21, 2016
Disclosure History
MICHAEL PATRICK DOWD has 2 Disclosure Event(s).
Date: June 13, 2016 Category: Employment Separation After Allegations Firm Name: Merrill Lynch, Pierce, Fenner & Smith Incorporated Termination Type: Discharged Allegations: Conduct involving solicitation of no opinion securities and mismarking certain trades as unsolicited. Broker Comment: These allegations are being currently reviewed by the appropriate Financial Industry Authority and no final opinion has been rendered as of this date.
Date: October 26, 2007 Category: Customer Dispute Allegations: COMPLAINT ALLEGES THAT UNSUITABLE RECOMMENDATIONS WERE MADE FOR THE CUSTOMERS' ACCOUNTS, SPECIFICALLY INVESTMENTS IN INTERNATIONAL ASSETS HOLDING CORP. IN OCTOBER AND DECEMBER 2006. THE FIRM HAS MADE A GOOD FAITH DETERMINATION THAT THE DAMAGES WOULD BE MORE THAN $5,000. Broker Comment: COMPLAINT DENIED. CUSTOMERS' DECISION TO INVEST A YEAR AGO IN SECURITY AT ISSUE, ALONG WITH OTHER INVESTMENTS, COMPORTED WITH CUSTOMERS' FINANCIAL PROFILE AND INVESTMENT OBJECTIVES FOR THE ACCOUNTS. CUSTOMERS MAINTAINED NON-DISCRETIONARY ACCOUNTS. CUSTOMER REPRESENTED IN WRITING WITH RESPECT TO MAIN ACCOUNT THAT SHE WAS AN EXPERIENCED INVESTOR WITH SUFFICIENT ASSETS, AND THAT ACCOUNT WAS EARMARKED FOR AGGRESSIVE TRADING. CUSTOMER ALSO REPRESENTED IN WRITING THAT SHE WAS AWARE AND APPROVED OF THE TRANSACTIONS EFFECTED IN THE ACCOUNT.
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