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
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.
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 MICHAEL RICHARD NICKLER, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More