BrokerSearch

BrokerSearch

MONROE HENRY FIRESTONE

MONROE HENRY FIRESTONE is currently employed as a Broker and/or Investment Adviser at CORINTHIAN PARTNERS, L.L.C. located at 850 Third Avenue, Suite 16C, NEW YORK, NY, 10022.

MONROE HENRY FIRESTONE has worked at CORINTHIAN PARTNERS, L.L.C. since September 03, 1999

Disclosure History

MONROE HENRY FIRESTONE has 2 Disclosure Event(s).

Date: November 05, 1999
Category: Customer Dispute
Allegations: ALLEGES UNAUTHORIZED TRADING,CHURNING, UNSUITABLE TRANSACTIONS, FAILURE TO SUPERVISE.I WAS ON THE EXECUTIVE BOARD OF THE FIRM, I WAS NOT IN A SUPERVISORY POSITION, AND NOT A CONTROL PERSON. I EXPLICITLY DENY THIS CUSTOMER'S ALLEGATIONS.MY ATTOTNEY HAS FILED A MOTION TO DISMISS.
Damage Amount Requested: $67,700.00
Settlement Amount: $25,000.00

Date: November 28, 1997
Category: Customer Dispute
Allegations: CLIENT ALLEGED THAT MR. FIRESTONEMISREPRESENTED THE FACT SURROUNDING A NEW ISSUE OF CELERITYSTOCK. CLIENT ALSO ALLEGED THAT SHE NEVER RECEIVED APRELIMINARY PROSPECTUS FOR THE CELERITY ISSUE. IN A SUBSEQUENTLETTER, CLIENT FURTHER ALLEGED THAT MR. FIRESTONE ADVISED HERTHAT AT MOST SHE WOULD RECEIVE A NEW HUNDRED SHARES OFCELERITY. THE CLIENT ALLEGED THAT AFTER THE DEAL BECAMEEFFECTIVE, MR. FIRESTONE INFORMED HER THAT SHE HAD PURCHASED4,000 SHARES OF CELERITY. THE CLIENT ALLEGED THAT SHE NEVERDISCUSSED NOR AGREED TO THIS AMOUNT OF SHARES. CLIENT SEEKSREVERSAL OF THE TRADE.
Broker Comment: CUSTOMER'S ALLEGATIONS ARE A TOTALMISREPRESENTATION OF THE FACTS. AT THE SUGGESTION OF ONE OF MYCLIENTS, SHE CONTACTED ME BECAUSE SHE HEARD WE HAD BROUGHT OUTATTRACTIVE IPO'S AND I COULD PROBABLY GET HER "SIZE". IDECLINED HER FIRST REQUEST FOR THE NEW SHARES OF ACSEF AND TOLDHER THAT OUR IPO'S WERE GIVEN TO CLIENT DOING REGULAR/ON-GOINGBUSINESS. WEEKS LATER WHEN I RECOMMENDED AATT (NOT AN IPO),SHE BOUGHT 1000 SHARES=$37,296. GUIDED BY THAT PURCHASE, I TOLDHER WE COULD GIVE HER 4000 SHARES CLRT @ ISSUE=$30,000. WHEN ICONFIRMED THE ALLOCATION, SHE MADE NO COMPLAINT NOR STATED SHEDIDN'T HAVE AUTHORITY FOR THE TRADE. I COULD HAVE EASILYPLACED HER SHARES ELSEWHERE, AS I PAID A PREMIUM THAT VERY DAYFOR OTHER CLIENTS. MY ASSISTANT WILL VALIDATE I MADE NOEXAGGERTED CLAIMS TO HER REGARDING CLRT. I SIMPLY SUMMARIZEDTHE MATERIAL CONTAINED IN THE PRELIMINARY PROSPECTUS, WHICH IFELT CERTAIN SHE HAD RECEIVED.NOT PROVIDED

More Information

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 MONROE HENRY FIRESTONE, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.

How to choose a broker or investment adviser. Learn More