PATRICK ROLAND JAKEWAY is currently employed as a Broker and/or Investment Adviser at NORTHERN TRUST SECURITIES, INC. located at 10 WEST LONG LAKE ROAD, BLOOMFIELD HILLS, MI, 48304.
PATRICK ROLAND JAKEWAY has worked at NORTHERN TRUST SECURITIES, INC. since July 16, 2001
Disclosure History
PATRICK ROLAND JAKEWAY has 1 Disclosure Event(s).
Date: October 29, 2002 Category: Customer Dispute Allegations: PLAINTIFF, WHO HAD AN INVESTMENT MANAGEMENT ACCOUNT WITH THE BANK, ALLEGES DEFENDANTS FAILED AND/OR REFUSED TO ENGAGE IN AN INVESTMENT STRATEGY THAT MET HER STATED INVESTMENT OBJECTIVES. PLAINTIFF FURTHER ALLEGES THAT DEFENDANTS PLACED HER IN A SERIES OF INVESTMENTS THAT WERE NOT SUITABLE FOR HER OBJECTIVES. PLAINTIFF BRINGS CLAIMS FOR UNSUITABILIY, NEGLIGENCE, BREACH OF CONTRACT AND FRAUD. Damage Amount Requested: $3,000,000.00 Settlement Amount: $155,000.00 Broker Comment: THIS CLIENT IS SUING NORTHERN TRUST BANK, FSB, THE ENTITY THAT MANAGED HER ACCOUNT. PATRICK JAKEWAY, A DUAL EMPLOYEE OF THE FSB AND THE BROKER/DEALER WAS NAMED. THE ONLY THING MR. JAKEWAY DID WAS TO INTRODUCE THE CLIENT TO THE PORTFOLIO MANAGER OF THE FSB. MR. JAKEWAY NEVER HAD ANY RESPONSIBILITY OF INVESTING THIS CLIENT'S MONEY IN ANY WAY. THIS HAS NOTHING TO DO WITH PATRICK JAKEWAY.PLAINTIFF FILED A THIRD AMENDED COMPLAINT PRIOR TO SETTLEMENT THAT DISMISSED MR. JAKEWAY AS A DEFENDANT.
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