ROBERT ALAN LYONS is currently employed as a Broker and/or Investment Adviser at THE GMS GROUP, LLC located at NEWPORT FINANCIAL CENTER, 111 TOWN SQUARE PLACE SUITE 1234, JERSEY CITY, NJ, 07310.
ROBERT ALAN LYONS has worked at THE GMS GROUP, LLC since January 30, 1989
Disclosure History
ROBERT ALAN LYONS has 3 Disclosure Event(s).
Date: July 19, 1990 Category: Customer Dispute Allegations: THE CLAIM ALLEGED MATERIAL MISREPRESENTATIONSTO [CUSTOMER]'S INVESTMENT IN VMS LAND FUND II SPECIFICALLY THE NATURE AND DURATION OF THE VMS GUARANTEED RETURN AN DTERM OF THE INVESTMENT. CLAIM IS FOR RETURN OF ORIGINAL INVESTMENT OF $68,490 PLUS 12% INTEREST, ATTORNEY'S FEES AND DAMAGES FOR EMOTIONAL DISTRESS. Damage Amount Requested: $68,490.00 Settlement Amount: $30,000.00 Broker Comment: THE MATTER WAS SETTLED BY TOTAL PAYMENT OF $30,000 TO [CUSTOMER] OF WHICH I CONTRIBUTED A TOTAL OF $3,396.00. IN EXCHANGE [CUSTOMER] AGREED TO A FULL RELEASE OF ALL PARTIES FROM ANY FURTHER CLAIMS OR LIABILITIES. I DID NOT MISREPRESENT ANY ASPECT OF THE VMS LAND FUND II INVESTMENT TO HIM, [CUSTOMER] WAS UPSET BECAUSE OF THE STEEP AND RAPID DECLINE OF THE VALUE OF THE SHARES OF VMS LAND FUND II. MY RESPONSE TO THE STATEMENT OF CLAIM INCLUDED A DENIAL OF ALL THE ALLEGATIONS AGAINST ME. THE MATTER WAS SETTLED FOR APPROXIMATLEY ONE-THIRD OF HIS CLIAM. MY CONTRIBUTION REPRESENTED MY PORTION OF THE ORIGINAL COMMISSIONSON HIS PURCHASES OF THE VMS LAND FUND II SHARES.
Date: June 13, 1983 Category: Customer Dispute Allegations: ROBERT LYONS WAS NAMED IN COMPLAINT PROCEEDING UNDER SECTION 14 OF THE COMMODITY EXCHANGE ACT. Damage Amount Requested: $2,280.00 Damages Granted: $856.69 Broker Comment: THIS ITEM IS NOT DISCLOSABLE AS A CUSTOMER COMPLAINT SINCE THE CUSTOMER NEVER ALLEGED MORE THAN $2,280 IN DAMAGES AND THE MATTER WAS SETTLED FOR $856.69.
Date: June 13, 1983 Category: Regulatory Initiated By: COMMODITY FUTURES TRADING EXCHANGE Allegations: I WAS NAMED IN REPARATIONS COMPLAINT PROCEEDING UNDER SECTION 14 OF THE COMMODITY EXCHANGE ACT DATED JUNCER 13, 1983 WHICH ALLEGED THAT THE RESPONDENTS ENGAGED IN UNAUTHORIZED TRADING AND CHURNING OF COMPLAINANT'S COMMODITY ACCOUNT. Resolution: Order SanctionDetails: Sanctions: Monetary/Fine SanctionDetails: Amount: $856.69 Sanction Details: THE ORDER STATED FIRST MANHATTAN COMMODITIES CORP AND ROBERT LYONS, JOINTLY AND SEVERALLY, TO PAY DAMAGES IN THE AMOUNT OF $831.69 PLUS INTEREST FROM MARCH 13, 1983 AT A COST OF $25.00.
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