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
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.
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