ROBERT WILLIAM RANEY is currently employed as a Broker and/or Investment Adviser at STEPHENS located at 111 CENTER STREET, LITTLE ROCK, AR, 72201.
ROBERT WILLIAM RANEY has worked at STEPHENS since October 02, 1989
Disclosure History
ROBERT WILLIAM RANEY has 2 Disclosure Event(s).
Date: December 28, 1989 Category: Customer Dispute Allegations: INTERFERENCE WITH AN AGREEMENT MADE BETWEENOPPENHEIMER & CUSTOMER. CLAIM $26,830.00 PLUS INTEREST,ARBITRATION COST AND FEES ASSESSED JOINTLY AND SEVERALLY TO [THIRD PARTY], MR. RANEY AND [THIRD PARTY] AND T.J. RANEY & SONS. Damage Amount Requested: $26,830.00 Damages Granted: $10,000.00 Broker Comment: RESPONDENTS [THIRD PARTY] & [THIRD PARTY] ARE JOINTLYAND SEVERALLY LIABLE FOR AND SHALL PAY TO OPPENHEIMER, WITHOUTINTEREST, THE SUM OF $10,000.00MY CUSTOMER, [THIRD PARTY], GAVE ME AGOOD-TIL-CANCELLED ORDER TO SELL 18,000 SHARES OF STOCK ONLIMITS. WE SOLD STOCK TWICE OVER A 30-DAY PERIOD WHEN HIS LIMITWAS HIT. HE RECEIVED A CALL FROM OPPENHEIMER WANTING TO BUY10,000 SHARES OF HIS STOCK AND HE TURNED THEM DOWN. OPPENHEIMERCALLED ME, SAYING THAT [THIRD PARTY] HAD SOLD THE STOCK TO THEM ANDWANTED ME TO DELIVER TO THEM OUT OF [THIRD PARTY] ACCOUNT. ICALLED [THIRD PARTY] AND HE SAID HE HAD NO SOLD THE STOCK TOOPPENHEIMER & MY GOOD-TIL-CANCELLED ORDER WAS STILL GOOD. WESOLD THE BALANCE OF HIS STOCK THAT AFTERNOON ON LIMITS AND DIDNOT DELIVER TO OPPENHEIMER AS PER THEIR REQUEST. OPPENHEIMERFILED AGAINST [THIRD PARTY], ME PERSONALLY, AND [THIRD PARTY] FOR NOTDELIVERING.
Date: April 28, 1989 Category: Customer Dispute Allegations: NEGLIGENT IN FAILING TO EXERCISE DUEDILIGENCE Settlement Amount: $65,000.00 Broker Comment: THE LITIGATION WAS SETTLED AND DISMISSED WITHPREJUDICE. MR. RANEY'S FORMER EMPLOYER, T.J. RANEY & SONS,INC. AGREED TO PAY $65,000. MR. RANEY WAS RELEASED FROM ALLFURTHER ACTION. MR. RANEY WAS NOT REQUIRED TO CONTRIBUTE TOTHE MONETARY SETTLEMENT.Not Provided
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