MICHAEL RICHARD NICKLER

MICHAEL RICHARD NICKLER is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 777 S. FLAGLER DRIVE, SUITE 700, WEST PALM BEACH, FL, 33401.

MICHAEL RICHARD NICKLER has worked at MORGAN STANLEY since June 01, 2009

Disclosure History

MICHAEL RICHARD NICKLER has 4 Disclosure Event(s).

Date: May 20, 2009
Category: Customer Dispute
Allegations: NEGLIGENCE; BREACH OF FIDUCIARY DUTY; UNSUITABLE RECOMMENDATIONS; UNAUTHORIZED TRADING; FAILURE TO FOLLOW INSTRUCTIONS; CHURNING; MISREPRESENTATION AND GROSS NEGLIGENCE.
Broker Comment: THE PANEL DETERMINED THAT CERTAIN TRADES AFTER AUGUST 25, 2008, WERE UNSUITABLE BASED ON A CHANGE IN CLAIMANTS' INVESTMENT STRATEGY AND AWARDED $40,200.00 IN DAMAGES ON THOSE TRADES. ANY AND ALL OTHER CLAIMS FOR RELIEF WERE DENIED.

Date: August 22, 2003
Category: Customer Dispute
Allegations: CLIENT ALLEGES FAILURE TO FOLLOW INSTRUCTIONS, UNSUITABLE RECOMMENDATIONS, AND FAILURE TO DISCLOSE INVESTMENT INFORMATION. DAMAGES UNSPECIFIED BUT BELIEVE TO EXCEED $5,000.

Date: July 03, 2002
Category: Customer Dispute
Allegations: CUSTOMER UNHAPPY THAT HE LOST MONEY IN MUTUAL FUNDS AND COULD NOT GET OUT OF HIS MUTUAL FUNDS WITHOUT PENALTY.
Damage Amount Requested: $40,000.00

Date: October 12, 1993
Category: Customer Dispute
Allegations: ALLEGED, INTER ALIA STATUTORY AND COMMON LAWSECURITIES VIOLATIONS IN CONNECTION WITH MUTUAL FUND INVESTMENTMADE IN 1988.
Damage Amount Requested: $55,295.00
Settlement Amount: $25,000.00
Broker Comment: IN ORDER TO AVOID THE EXPENSE OF UNCERTAINTY OFLITIGATION, AND WITHOUT ANY ADMISSION OF LIABILITY, THE FIRMAGREED TO SETTLE ALL CLAIMS ASSERTED BY [CUSTOMER] FOR $25,000.I DID NOT PARTICIPATE IN THE SETTLEMENT. THISWAS A BUSINESS DECISION MADE BY DEAN WITTER.

More Information

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

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