RICHARD KENT GRIMSHAW is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 760 SW 9th Avenue, Suite 2100, PORTLAND, OR, 97205.
RICHARD KENT GRIMSHAW has worked at MORGAN STANLEY since June 01, 2009
Disclosure History
RICHARD KENT GRIMSHAW has 2 Disclosure Event(s).
Date: January 09, 1987 Category: Customer Dispute Allegations: DISCRETIONARY TRADING OF INDEX OPTIONS CONTRACTS Settlement Amount: $11,471.10 Broker Comment: A SETTLEMENT TOTALING$27,876.55 WAS REACHED WITH TWO CUSTOMERS AS THE RESULT OFTRADING IN BROAD BASED INDEX OPTIONS. ALTHOUGH EACH OF THECUSTOMERS RECEIVED FULL WRITTEN DISCLOSURE OF THE RISKS INOPTIONS; IT SEEMS THAT GRIMSHAW MAY HAVE UNINTENTIONALLYMISUNDERSTOOD THE SIZE OF THE CUSTOMERS' MONETARY COMMITMENT TOTHE PRODUCT, AND ACTED WITHOUT SPECIFIC TRADING INSTRUCTIONSFROM THE CUSTOMERS WHILE BELIEVING HE WAS ACTING IN THECUSTOMERS' BEST INTEREST. CUSTOMERS [THIRD PARTY]AND [CUSTOMER'S] WROTE LETTERS OF COMPLAINTTO MERRILL LYNCH REGARDING THE ABOVE ON JANUARY 5, 1987 ANDJANUARY 9, 1987, RESPECTIVELY. IN EXCHANGE FOR PAYMENT OF THESUM OF $11,471.10, THE [CUSTOMERS] SIGNED A GENERAL RELEASE ONJANUARY 21, 1987, IN SETTLEMENT OF THEIR CLAIM. IN EXCHANGE FORPAYMENT OF THE SUM OF $16,405.45, THE [THIRD PARTY] SIGNED A GENERALRELEASE ON JANUARY 23, 1987, IN SETTLEMENT OF THEIR CLAIM.GRIMSHAW HAS VOLUNTARILY AGREED TO ABSORB THE FULL $27,876.55.
Date: January 05, 1987 Category: Customer Dispute Allegations: DISCRETIONARY TRADING OF INDEX OPTION CONTRACTS Settlement Amount: $16,405.45 Broker Comment: A SETTLEMENT TOTALING$27,876.55 WAS REACHED WITH TWO CUSTOMERS AS THE RESULT OFTRADING IN BROAD BASED INDEX OPTIONS. ALTHOUGH EACH OF THECUSTOMERS RECEIVED FULL WRITTEN DISCLOSURE OF THE RISKS INOPTIONS; IT SEEMS THAT GRIMSHAW MAY HAVE UNINTENTIONALLYMISUNDERSTOOD THE SIZE OF THE CUSTOMERS' MONETARY COMMITMENT TOTHE PRODUCT, AND ACTED WITHOUT SPECIFIC TRADING INSTRUCTIONSFROM THE CUSTOMERS WHILE BELIEVING HE WAS ACTING IN THECUSTOMERS' BEST INTEREST. CUSTOMERS [CUSTOMER'S] AND [THIRD PARTY] WROTE LETTERS OF COMPLAINTTO MERRILL LYNCH REGARDING THE ABOVE ON JANUARY 5, 1987 ANDJANUARY 9, 1987, RESPECTIVELY. IN EXCHANGE FOR PAYMENT OF THESUM OF $11,471.10, THE [THIRD PARTY] SIGNED A GENERAL RELEASE ONJANUARY 21, 1987, IN SETTLEMENT OF THEIR CLAIM. IN EXCHANGE FORPAYMENT OF THE SUM OF $16,405.45, THE [CUSTOMERS] SIGNED A GENERALRELEASE ON JANUARY 23, 1987, IN SETTLEMENT OF THEIR CLAIM.GRIMSHAW HAS VOLUNTARILY AGREED TO ABSORB THE FULL $27,876.55.
More Information
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