PHILIP STEPHEN PLUTA is currently employed as a Broker and/or Investment Adviser at J.P. MORGAN SECURITIES LLC located at 660 NEWPORT CENTER DRIVE, SUITE 750, NEWPORT BEACH, CA, 92660.
PHILIP STEPHEN PLUTA has worked at J.P. MORGAN SECURITIES LLC since November 11, 2011
PHILIP STEPHEN PLUTA has 7 Disclosure Event(s).
Date: February 24, 2012 Category: Customer Dispute Allegations: POWER OF ATTORNEY QUESTIONS THE SUITABLITY OF THE INVESTMENTS IN THE CLIENTS' ACCOUNTS. Damage Amount Requested: $300,000.00
Date: May 12, 2009 Category: Customer Dispute Allegations: FINANCIAL CONSULTANT'S LONG TIME CUSTOMER ALLEGES HER FINANCIAL CONSULTANT DID NOT FOLLOW VERBAL INSTRUCTIONS RELATIVE TO HER DISCRETIONARY ACCOUNT DURING A PORTION OF THE MARKET DECLINE OVER THE PAST EIGHTEEN MONTHS. SEEKS RECOVERY OF MARKET LOSSES. Damage Amount Requested: $26,600.00
Date: April 09, 1998 Category: Customer Dispute Allegations: CLIENT ALLEGES IE ENGAGEED IN UNSUITABLE ANDUNAUTHORIZED TRADING, AS WELL AS MISREPRESENTATION, CHARGINGEXCESSIVE MARK-UPS, REMOVING FUNDS OR SECURITIES FROM ACCOUNTWITHOUT HER CONSENT AND CHURNING. ALLEGED DAMAGES OF$16,534.00. Damage Amount Requested: $16,534.00 Settlement Amount: $500.00 Broker Comment: PAINEWEBBER SETTLED THIS MATTER FOR $500.00. THIS OCCURRENCE IS NO LONGER REPORTABLE AND DISCLOSABLE. PLEASE REMOVE.
Date: January 15, 1998 Category: Customer Dispute Allegations: CLIENT FURTHER ALLEGES BROKER INVESTED TOOHEAVILY IN TECHNOLOGY STOCKS AND CHARGED HER INCORRECT FEES.DAMAGES UNSPECIFIED. TIME PERIOD: 1996-1997. Broker Comment: NOT PROVIDEDCLIENT HAD A MANAGED PORTFOLIO WITH WRITTENOBJECTIVES AND SIGNED DISCRETIONARY AUTHORITY. I WASRESPONSIBLE FOR ALL BUYS AND SALES AND PORTFOLIO BALANCING.CLIENT WITHDREW OVER $4000 MONTHLY. CMO TOTALING $4000 WASSOLD VERSUS A PORTFOLIO IN EXCESS OF $600,000. THERE WAS NORESTRICTION GIVEN BY CLIENT IN MANAGEMENT CONTRACT REGARDINGSALE OF CMOS. CLIENT MADE 11% ANNUALIZED NET OF FEES DURINGDURATION OF PORTFOLIO MANAGEMENT, IN EXCESS OF HER OBJECTIVE OF9%. CLIENT LOST MONEY IN 2 QUARTERS ONLY. ACCOUNTS WEREWIDELY DIVERSIFIED. CLIENT WAS REACTING TO ASIAN CRISIS INFOURTH QUARTER AND THE UNDERPERFORMANCE OF TECHNOLOGY SHARES IN1997. FEES ARE CHARGED BY HEADQUARTERS QUARTERLY AND INADVANCE. INITIAL FEE IS FOR BALANCE OF QUARTER AND UPCOMINGQUARTER. FEE IS BASED UPON TYPE OF PORTFOLIO AND WASCONSISTENT WITH ALL OTHER MANAGED ACCOUNTS.
Date: February 08, 1995 Category: Customer Dispute Allegations: LACK OF SUITABILITY. WANTS CMO POSITIONBROUGHT BACK FOR $95,000. Damage Amount Requested: $95,000.00 Settlement Amount: $28,000.00 Broker Comment: KIDDER PEABODY SETTLED WITH THE CLIENT FOR$28,000 TO AVOID THE EXPENSE AND UNCERTAINTY OF LITIGATION.BROKER DID NOT CONTRIBUTE.FIRM MISREPRESENTED THE AVERAGE LIFE OF THIS BONDAND ITS STABILITY.
Date: June 03, 1994 Category: Customer Dispute Allegations: AS REPORTED BY KIDDER PEABODY: SUITABILITY OFMARGINING CMOS. Settlement Amount: $25,467.43 Broker Comment: BROKER WAS INITIALLY CHARGED OVER TIME FOR PARTOF THE SETTLEMENT AMOUNT. THIS WAS REVERSED AT YEAR-END BY NEWYORK.THIS ORAL CUSTOMER COMPLAINT HAS BECOMENONDISCLOSABLE UNDER THE NEW REPORTING GUIDELINES IMPLEMENTEDBY THE NASD AND SHOULD BE REMOVED FROM MR PLUTA`S RECORD.
Date: August 02, 1990 Category: Customer Dispute Allegations: CLAIMANTS ALLEGED MISREPRESENTATION,CHURNING, UNSUITABILITY AND BREACH OF FIDUCIARY DUTIES IN THEHANDLING OF THEIR ACCOUNT. ALLEGED DAMAGES $132,202.00. Damage Amount Requested: $132,202.00 Settlement Amount: $75,000.00 Broker Comment: SETTLEMENT-$75,000.00 AND PHIL PLUTA DID NOTCONTRIBUTE TOWARD SETTLEMENT.CLIENT LOST A LARGE SUM WITH ANOTHER BROKER.TOLD ME THEY WANTED TO BE VERY AGGRESIVE TO MAKE MONEY BACK.BROKER FOLLOWED FIRMS RECOMMENDED TRADING IDEAS. CLIENT MADEMONEY. THEN OCTOBER 1987 STOCK MARKET CRASH, LOST MONEY AGAINADVISED CLIENT NOT TO TRADE. COMPLAINED 3 YEARS AFTER THEFACT.
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