NICHOLAS SUNIL GUPTA is currently employed as a Broker and/or Investment Adviser at VNTR SECURITIES LLC located at 1400 Penn Plaza 14 Floor, New York, NY, 10001.
NICHOLAS SUNIL GUPTA has worked at VNTR SECURITIES LLC since December 21, 2016
Disclosure History
NICHOLAS SUNIL GUPTA has 1 Disclosure Event(s).
Date: April 20, 2000 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT RR GUPTA PURCHASED ADDITIONAL SHARES OF ARIBA ("ARBA")ON APRIL 4, 2000 WITHOUT HIS AUTHORIZATION AND FAILED TO FOLLOW HIS INSTRUCTIONS TO SELL THE 400 SHARES OF ARBA IN ORDER TO MEET A HOUSE CALL IN HIS ACCOUNT ON APRIL 6, 2000. CUSTOMER CLAIMED THAT THESE ACTIONS RESULTED IN LOSSES OF $15,000. Damage Amount Requested: $15,000.00 Broker Comment: RR GUPTA CATEGORICALLY DENIES CUSTOMER'S ALLEGATIONS. ON APRIL 4, 2000, RR GUPTA AND THE CUSTOMER DISCUSSED THE SALE OF 500 SHARES OF METROMEDIA FIBER NETWORKS ("MFNX") AND THE PUCHASE OF ARIBA ("ARBA") WITH THE PROCEEDS. THE PROCEEDS OF THE MFNX SALE AMOUNTED TO $40,250 AND AN ORDER TO PURCHASE 400 SHARES OF ARBA FOR A COST OF $37,900 WAS ENTERED. ON APRIL 5, 2000, RR GUPTA CALLED THE CUSTOMER AND INFORMED HIM THAT THE ACCOUNT REQUIRED A DEPOSIT OF $35,000 IN ORDER TO MEET A HOUSE CALL. ON APRIL 6, 2000, RR GUPTA AND THE CUSTOMER DISCUSSED SELLING ENOUGH ARBA TO MEET THE DIFFERENCE FOR THE HOUSE CALL (10 SHARES OF ARBA WERE SOLD), SELLING THE ENTIRE ARBA POSITION WAS NEVER DISCUSSED. ON APRIL 10, 2000, THE FIRM RECEIVED $25,000 FROM THE CUSTOMER. ON APRIL 11, 2000, RR GUPTA CONTACTED THE CUSTOMER AND INFORMED HIM THAT ADDITIONAL STOCK NEEDED TO BE SOLD IN ORDER TO MEET THE HOUSE CALL. ON APRIL 14, 2000, RR GUPTA WAS INSTRUCTED BY THE CUSTOMER TO LIQUIDATE HIS HOLDING. RR GUPTA ADVISED THE CUSTOMER OF THE STATUS OF HIS ACCOUNT AND FOLLOWED CUSTOMER'S INSTRUCTIONS. CUSTOMER'S ALLEGATIONS HAVE NO MERIT.
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