PATRICIA ANN MASEL

PATRICIA ANN MASEL is currently employed as a Broker and/or Investment Adviser at U.S. STERLING SECURITIES, INC. located at 1393 VETERANS MEMORIAL HIGHWAY 412N, HAUPPAUGE, NY, 11788.

PATRICIA ANN MASEL has worked at U.S. STERLING SECURITIES, INC. since September 05, 2002

Disclosure History

PATRICIA ANN MASEL has 2 Disclosure Event(s).

Date: October 15, 2003
Category: Regulatory
Initiated By: NASD
Allegations: FAILED TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPOND TO AN NASD REQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OF COMPLIANCE.
Resolution: Other SanctionDetails:
Sanctions: Suspension Sanction Details: RESPONDENT'S NASD REGISTRATION SUSPENDED EFFECTIVE 10/15/03 PURSUANT TO RULE 9510 SERIES, UNTIL RESPONDENT PAYS THE ARBITRATION AWARD OR SETTLEMENT AGREEMENT.NASD SUSPENSION OF REGISTRATION LIFTED OCTOBER 20, 2003 DUE TO NOTIFICATION THAT THE AWARD OR SETTLEMENT AGREEMENT HAS BEEN SASTISFIED OR SATISFACTORY INFORMATION PROVIDED SHOWING VALID REASONS FOR NONCOMPLIANCE.
Broker Comment: THE AWARD TO THE EMPLOYER WAS PAID PROMPTLY. A PAYMENT WAS LATE IN THE MAIL. THE SUBJECT COMPANY PIONEER WENT OUT OF BUSINESS AND THE AGREEMENT WAS MADE TO AVOID LITIGATION. I DENY ANY AND ALL CHARGES OF THE ORIGINAL ACTION AND AWARD AND THE SYSTEMATIC INVOLVED IS THE SOLE REASON FOR THIS DISCLOSURE. THE OUT OF BUSINESS COMPANY PIONEER ISSUED A REBUTTAL LETTER WHICH WAS IGNORED BY THE REGULATORY MECHANISM.

Date: September 24, 2001
Category: Customer Dispute
Allegations: CUSTOMER ALLEDGED INCORRECT NOTIFICATION OF CD MATURITY DATELED TO A LOSS OF PRINCIPAL
Damage Amount Requested: $39,821.00
Settlement Amount: $39,821.00

More Information

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