RICHARD OWEN MITCHELL is currently employed as a Broker and/or Investment Adviser at STIFEL, NICOLAUS & COMPANY, INCORPORATED located at 33 BULL STREET, SECOND FLOOR, POB 8346, SAVANNAH, GA 31412, SAVANNAH, GA, 31401.
RICHARD OWEN MITCHELL has worked at STIFEL, NICOLAUS & COMPANY, INCORPORATED since July 07, 2015
RICHARD OWEN MITCHELL has 4 Disclosure Event(s).
Date: August 11, 2006 Category: Customer Dispute Allegations: CO-EXECUTRIXES, ON BEHALF OF ESTATE, PROBATED IN GEORGIA,ALLEGE OVER-CONCENTRATION AND UNSUITABLE INVESTMENTS IN QUEST STOCK. CLAIMANTS FURTHER ALLEGE UNSUITABLE USE OF MARGIN, BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY AND FAILURE TO SUPERVISE. CLAIMANTS ALLEGE THAT RESPONDENTS ARE LIABLE TO THE ESTATE IN AN AMOUNT NO LESS THAN $8,928,169. Damage Amount Requested: $8,928,169.00 Settlement Amount: $35,000.00 Broker Comment: THE PANEL GRANTED CLAIMANTS' REQUEST FOR LEAVE TO FILE AN AMENDED STATEMENT OF CLAIM. IN THEIR AMENDED CLAIM, CO-EXECUTRIXES, ON BEHALF OF ESTATE PROBATED IN GEORGIA, ALLEGE OVER-CONCENTRATION AND UNSUITABLE INVESTMENTS IN QWEST STOCK FROM JANUARY 2001 THROUGH MAY 2003. CLAIMANTS FURTHER ALLEGE UNSUITABLE USE OF MARGINE, BRACH OF CONTRACT, BREACH OF FIDUCIARY DUTY, AND FAILURE TO SUPERVISE. CLAIMANTS CLAIM ALLEGED DAMAGES OF $4,595,905.24 PLUS FEES CHARGED TO THE ACCOUNTS, ATTORNEY'S FEES AND EXPENSES OF LITIGATION. STERNE, AGEE & LEACH, INC. IS NOT A PARTY TO THIS ARBITRATION.
Date: December 08, 2005 Category: Employment Separation After Allegations Firm Name: WACHOVIA SECURITIES, LLC Termination Type: Voluntary Resignation Allegations: CUSTOMER PURSUING SALES PRACTICE ARBITRATION ACCUSED FA OF "MANUFACTURING DOCUMENTS." Broker Comment: I DENY ANY ALLEGATIONS FROM WHATEVER SOURCE OF MANUFACTURING DOCUMENTS IN CONNECTION WITH THE PACIFICI ARBITRATION. AFTER I WAS SERVED WITH THE ARBITRATION CLAIM, I SAT DOWN AND MADE NOTES OF MY RECOLLECTION OF MEETINGS, CONVERSATIONS, AND COMMUNICATION WITH MS. PACIFICI AND HER FAMILY MEMBERS CONCERNING HER ACCOUNT. I SENT THESE NOTES TO THE WACHOVIA ATTORNEY WHO WAS REPRESENTING ME AND WACHOVIA IN THE ARBITRATION. I NEVER REPRESENTED TO MY ATTORNEY OR ANYONE ELSE THAT THESE NOTES WERE MADE AT THE TIME I WAS ACTUALLY HAVING CONVERSATIONS AND MEETINGS WITH MS. PACIFICI. MS.PACIFICIS ATTORNEY REPRESENTING HER IN THE ARBITRATION APPARENTLY MADE THAT ASSUMPTION ERRONEOUSLY AND THEN ACCUSED ME OF MANUFACTURING DOCUMENTS.
Date: March 24, 2005 Category: Customer Dispute Allegations: GEORGIA RESIDENT ALLEGES BREACH OF FIDUCIARY DUTY, NEGLIGENCE, UNSUITABILITY, OVERCONCENTRATION, AND FAILURE TO SUPERVISE IN CONNECTION WITH HER QWEST POSITION TRANSFERRED TO FIRM IN THE FALL OF 2001 AND HELD THERE THROUGH AUGUST 2002. CLAIMANT REQUESTS ALLEGED DAMAGES OF $1,695,311 PLUS INTEREST, PUNITIVE DAMAGES, ATTORNEY'S FEES AND TAX LOSSES. Damage Amount Requested: $1,695,311.00 Settlement Amount: $1,125,000.00
Date: March 12, 2003 Category: Customer Dispute Allegations: THROUGH THEIR ATTORNEYS, GEORGIA RESIDENTS ALLEGED THAT THEIR ACCOUNTS SUSTAINED LOSSES THAT EXCEEDED THE STATED RISK TOLERANCE FOR THEIR RESPECTIVE ACCOUNTS, AND FURTHER ALLEGED THAT THE INVESTMENTS MADE WERE NOT SUITABLE FOR THEIR INVESTMENT OBJECTIVES. THE DAMAGE AMOUNT WAS NOT SPECIFIED BY THE CLIENTS' ATTORNEY, NOR WERE THE ALLEGED ACTIVITY DATES SPECIFIED. THE ACCOUNTS WERE OPENED IN 1996 AND HELD UNTIL 2001. AS OF THE ACCOUNT TRANSFER DATE, ONE ACCOUNT SHOWED LOSSES OF $86,604.84 AND LOSSES SUSTAINED IN THE SECOND ACCOUNT WERE $63,533.46. Damage Amount Requested: $150,138.30 Broker Comment: CLAIM DENIED BY THE FIRM. BASED UPON ITS REVIEW OF THE MATTER, THE INVESTMENTS MADE WERE CONSISTENT WITH THE INVESTMENT OBJECTIVES AND RISK LEVELS APPROVED BY THE CLIENTS FOR THEIR ACCOUNTS.
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