NEIL ROBERT NAPOLEON is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 444 SOUTH FLOWER STREET, LOS ANGELES, CA, 90071.
NEIL ROBERT NAPOLEON has worked at MORGAN STANLEY since September 08, 2011
NEIL ROBERT NAPOLEON has 5 Disclosure Event(s).
Date: September 30, 2002 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE BREACH OF FIDUCIARY DUTY, NEGLIGENCE AND THE PURCHASE OF UNSUITABLE INVESTMENTS IN THEIR ACCOUNT. Damage Amount Requested: $1,100,000.00 Settlement Amount: $225,000.00
Date: May 10, 2002 Category: Customer Dispute Allegations: CLIENT COMPLINED ABOUT UNSUITABLITY OF INVESTMENTS. TIME PERIOD: 2000 - PRESENT. Damage Amount Requested: $210,000.00 Settlement Amount: $50,000.00
Date: December 14, 2000 Category: Customer Dispute Allegations: [CUSTOMER] ASSERTS CLAIMS FOR UNSUITABILITY, MISREPRESENTATION, AND EXCESSIVE TRADING. CLAIMANT SEEKS $3.2 MILLION IN COMPENSATORY DAMAGES, BASED ON A WELL MANAGED ACCOUNT THEORY, PLUS PUNITIVE DAMAGES. CLAIMANT STATES THAT FA FAILED TO FOLLOW AGREED UPON EQUITY INVESTMENT STRATEGY AND INSTEAD PURCHASED UNSUITABLE CA MUNICIPAL BONDS. Damage Amount Requested: $3,200,000.00 Settlement Amount: $500,000.00
Date: June 11, 1999 Category: Customer Dispute Allegations: CLAIMANT ALLEGES FRAUD, MISREPRESENTATION, BREACH OF FIDUCIARY DUTY, NEGLIGENCE, EXCESSIVE TRADING AND UNSUITABILITY REGARDING INVESTMENTS IN ACCOUNT. Damage Amount Requested: $200,000.00 Settlement Amount: $87,500.00
Date: December 23, 1997 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT TWO PURCHASES OFCALIFORNIA MUNICIPAL BONDS IN DEC. 1997 WERE MADE WITHOUT HISPRIOR AUTHORIZATION. IN SUBSEQUENT CONVERSATION WITH THATBRANCH MANAGER, CLIENT STATED THAT HE DID NOT INTEND TO STATEOR IMPLY THAT MR. NAPOLEON WAS NOT GIVEN AUTHORIZATION TOPURCHASE THESE BONDS. CLIENT DOES NOT COMPLAINT ABOUTPURCHASES AND STATES THAT HE WISHES TO PAY FOR AND KEEP THEBONDS. ALLEGED DAMAGES NOT SPECIFIED. Broker Comment: BASED ON THE CLIENT'S CLARIFICATION THAT HE HADNOT INTENDED TO MAKE AN UNAUTHORIZED TRADE CLAIM PAINEWEBBERCLOSED THIS MATTER.CUSTOMER WAS DISGRUNTLED WITH THE ENTITY PAINEWEBBERDUE TO MAILING GENERATED BY THE CORPORATE OFFICE. AT NOT TIMEWHATSOEVER DID CUSTOMER MEAN TO ENTER THAT MR. NAPOLEONINITIATED ANY UNAUTHORIZED ACTIVITY.
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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.
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