RICHARD JOSEPH FRANCHELLA is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at WEST SHORE OFFICE CENTER, 214 SENATE AVENUE, 7TH FLOOR, CAMP HILL, PA, 17011.
RICHARD JOSEPH FRANCHELLA has worked at MORGAN STANLEY since December 16, 2011
Disclosure History
RICHARD JOSEPH FRANCHELLA has 2 Disclosure Event(s).
Date: February 27, 2012 Category: Customer Dispute Allegations: EXECUTOR OF ESTATE CLAIMS THE FIRM PERMITTED A TRUSTEE TO WITHDRAW FUNDS IN CONTRAVENTION OF THE TRUST PROVISIONS. ALSO CLAIMS EXCESSIVE TRADING IN THE ACCOUNTS AND NEGLIGENT SUPERVISION, STARTING IN 2003. Damage Amount Requested: $1,013,489.00 Settlement Amount: $177,500.00
Date: November 25, 1994 Category: Customer Dispute Allegations: CLIENT ALLEGED UNSUITABILITY REGARDINGINVESTMENT IN PEGASUS LIMITED PARTNERSHIP PURCHASED IN 1988,INDEPENDENT LIVING I & II PURCHASED IN 1989 & 1990, AND GEODYNEIIB & IIE, ALLEGED DAMAGES APPROXIMATELY $20,350. Damage Amount Requested: $20,350.00 Settlement Amount: $20,000.00 Broker Comment: PAINE WEBBER SETTLED WITH CLIENT FOR $20,000LESS THE EXPECTED PROCEEDS FROMTHE SALE OF THE LIMITEDPARTNERSHIP UNITS. SETTLEMENT REACHED IN ORDER TO ACHIEVE AMUTUALLY ACCEPTABLE RESOLUTION.Not Provided
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
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.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for RICHARD JOSEPH FRANCHELLA, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.