RICHARD SCOTT ZINMAN is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 1585 Broadway, PWM, NEW YORK, NY, 10036.
RICHARD SCOTT ZINMAN has worked at MORGAN STANLEY since November 19, 2015
Disclosure History
RICHARD SCOTT ZINMAN has 2 Disclosure Event(s).
Date: August 25, 2011 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT WHILE EQUITY TRANSACTIONS IN HIS PORTFOLIO WERE DISCUSSED IN DETAIL, BOND TRADES ON AUGUST 25TH, THAT RESULTED IN A LOSS WERE NOT DISCUSSED BEFOREHAND. Damage Amount Requested: $50,000.00 Settlement Amount: $58,265.63
Date: April 27, 1999 Category: Customer Dispute Allegations: IN THE ORIGINAL STATEMENT OF CLAIM, THE CLAIMANT ALLEGED UNSUITABLE INVESTMENT ADVICE AND RELATED CLAIMS. THE ALLEGED OUT-OF-POCKET LOSS WAS APPROXIMATELY $10 MILLION. CLAIMANT FILED AN AMENDED STATEMENT OF CLAIM THAT DELETED ME AS A PARTY. Damage Amount Requested: $10,000,000.00 Settlement Amount: $2,225,000.00 Broker Comment: [CUSTOMER] PURSUED AN AGGRESSIVE INVESTMENT STRATEGY THROUGH THE PLACEMENT OF UNSOLICITED OPTION AND SHORT-TERM STOCK TRADES. AT VARIOUS TIMES, [CUSTOMER] EXPRESSED TO BOTH ME AND MY SUPERVISOR THAT THEY UNDERSTOOD THE POTENTIAL FOR LOSS. ULTIMATELY, THE MATTER WAS RESOLVED FOR BUSINESS PURPOSES AND TO AVOID THE COSTS AND UNCERTAINTIES OF PROTRACTED LITIGATION. [CUSTOMER] AMENDED ITS STATEMENT OF CLAIM TO DELETE ME AS A PARTY AND I AM NOT REQUIRED TO CONTRIBUTE TOWARD THE SETTLEMENT. THE PRINCIPAL OFFICER OF [CUSTOMER] ACKNOWLEDGED IN AN AFFIDAVIT THAT [CUSTOMER] DID NOT FOLLOW MY ADVICE TO PURSUE A MORE CONSERVATIVE INVESTMENT STRATEGY.
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 SCOTT ZINMAN, 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.