MICHAEL WILLIAM MULLINS is currently employed as a Broker and/or Investment Adviser at THE OAK RIDGE FINANCIAL SERVICES GROUP, INC. located at 701 XENIA AVENUE SOUTH, SUITE 100, GOLDEN VALLEY, MN, 55416-1089.
MICHAEL WILLIAM MULLINS has worked at THE OAK RIDGE FINANCIAL SERVICES GROUP, INC. since June 30, 2015
Disclosure History
MICHAEL WILLIAM MULLINS has 5 Disclosure Event(s).
Date: November 29, 2011 Category: Customer Dispute Allegations: CLIENT ALLEGES TRADE ERROR, FRAUD, CHURNING AND MISREPRESENTATION RELATED TO HER ACCOUNT. Damage Amount Requested: $18,734.44
Date: June 23, 2008 Category: Customer Dispute Allegations: THE COMPLAINT AROSE OUT OF THE SALE OF AN AUCTION RATE SECURITY (ARS) THAT WAS MADE PRIOR TO THE WIDESPREAD ILLIQUIDITY IN THE ARS MARKET THAT OCCURRED IN FEBRUARY 2008. ACTIVITY DATE(S): 6/13/2007 Settlement Amount: $50,000.00 Broker Comment: THE FIRM REPURCHASED THE ARS SECURITIES AT ISSUE FROM THE CLIENT PURSUANT TO A GLOBAL REPURCHASE AGREEMENT IT ENTERED WITH SEVERAL REGULATORY BODIES. THIS WAS NOT A TRADITIONAL SETTLEMENT OF A DISPUTE BETWEEN THE CLIENT AND THE REPRESENTATIVE. THE NAMED REPRESENTATIVE: WAS NOT A PARTY TO, AND DID NOT AGREE TO OR PARTICIPATE IN, THE REPURCHASE AGREEMENT BETWEEN THE FIRM AND REGULATORS; THE NAMED REPRESENTATIVE DID NOT MAKE ANY PAYMENTS TO THE CLIENT; AND THE NAMED REPRESENTATIVE WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THIS MATTER IS BEING REPORTED AS A SETTLEMENT PURSUANT TO THE REQUIREMENTS OF FINRA REGULATORY NOTICE 09-12.
Date: April 09, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT THE SUB-ACCOUNTS OF HER EQUITABLE ACCUMULATOR PURCHASED IN DECEMBER 1999 (ALLIANCE COMMON STOCK, MFS EMERGING GROWTH COMPANIES, AND MORGAN STANLEY EMERGING MARKETS) WERE "EXTREMELY RISKY VENTURES" WHICH WERE "NOT SUITABLE." Damage Amount Requested: $48,415.00 Settlement Amount: $14,750.00
Date: December 06, 2004 Category: Customer Dispute Allegations: CLIENT ALLEGES FAILURE TO FOLLOW INSTRUCTIONS, UNAUTHORIZED TRADING, CHURNING, MISREPRESENTATIONS AND UNSUITABLE RECOMMENDATIONS. Damage Amount Requested: $50,000.00 Settlement Amount: $12,000.00 Broker Comment: I DENY THE ALLEGATIONS. CUSTOMER FILED COMPLAINT MARCH 2004, WHICH WAS MSDW DENIED. CUSTOMER REQUESTED MEDIATION, WHICH MSDW DENIED. CLIENT PRE-APPROVED ALL TRADES AND ALL STOP LOSSES.THE SETTLEMENT BETWEEN MORGAN STANLEY AND [CUSOTMER] WAS MADE WITHOUT MY PARTICIPATION AND FOR THE BENEFIT OF MORGAN STANLEY. THERE WAS NO ADMISSION OF WRONGDOING OF ANY KIND BY MYSELF OR MORGAN STANLEY. [CUSTOMER'S] CLAIMS WERE WITHOUT MERIT. MY METICULOUS RECORDS CLEARLY DEMONSTRATE THAT I ACTED AT ALL TIMES LEGALLY, ETHICALLY, AND UNDER CLEAR ORDERS FROM [CUSTOMER]. AGAIN, THIS SETTLEMENT IS NOT CONTRUED AS ANY AGREEMENT OR CONCESSION TO [CUSTOMER'S] COMPLAINT.
Date: March 29, 2004 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT FINANCIAL ADVISOR MADE UNSUITABLE RECOMMENDATIONS. Damage Amount Requested: $40,000.00 Broker Comment: DENIED ON 05/07/2004 BECAUSE IT LACKED MERIT.
More Information
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