Date: November 21, 2001 Category: Customer Dispute Allegations: CLAIMANT ALLEGED THAT RESPONDENTS MISREPRESENTED THE NATURE OF THE GUARANTEE ASSOCIATED WITH THE ANNUITY AND FAILED TO PROVIDE CLAIMANT WITH A PROSPECTUS, THE STATEMENT OF CLAIM ALLEGED FURTHER THAT THE ANNUITY WAS UNSUITABLE FOR CLAIMANT, RESPONDENTS BREACHED THEIR FIDUCIARY DUTY TO CLAIMANT AND THAT THE RESPONDENT BROKERAGE FIRM FAILED TO ADEQUATELY SUPERVISE THE INDIVIDUAL RESPONDENT. Damage Amount Requested: $381,250.45 Settlement Amount: $260,000.00
Date: October 05, 1993 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT BROKER FALSELYREPRESENTED CERTAIN MATERIAL FACTS IN CONNECTION WITH CLAIMANTSSALES OF CONTINENTAL INFORMATION SYSTEMS (CNY). ALLEDGEDDAMAGES IN EXCESS OF $1,000,000.00. Damage Amount Requested: $1,000,000.00 Damages Granted: $275,200.00 Broker Comment: THE ARBITRATORS DETERMINED FULL AND FINALRESOLUTION OF THE MATTER IN THE AMOUNT OF $275,200.00.Not Provided
Date: February 19, 1991 Category: Customer Dispute Allegations: THE TRUSTEES OF THE PROFIT SHARING PLANCONTEND THAT CONTINENTAL INFORMATION SYSTEMS WAS MISREPRESENTEDTO THEM AND THAT MR. KARRAS GUARANTEED PAR VALUE OF CONTINENTALINFORMATION SYSTEMS DEBENTURES. THEY ALSO ALLEGE THAT SOME OFTHE CONTINENTAL INFORMATION SYSTEMS PURCHASES WERE UNAUTHORIZEDAND UNSUITABLE. THEY SEEK $85,360.76 IN DAMAGES. Damage Amount Requested: $85,360.76 Settlement Amount: $43,000.00 Broker Comment: SETTLEMENT IN THE AMOUNT OF $43,000.00 TOCUSTOMER'S. NOT PROVIDED
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