SEAN RICHARDSON YORK

SEAN RICHARDSON YORK is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 500 S TAYLOR STE 320, AMARILLO, TX, 79101.

SEAN RICHARDSON YORK has worked at MORGAN STANLEY since June 01, 2009

Disclosure History

SEAN RICHARDSON YORK has 1 Disclosure Event(s).

Date: May 04, 1998
Category: Customer Dispute
Allegations: CUSTOMERS ALLEGE THAT MR. YORK, WHILEEMPLOYED AT DEAN WITTER, FAILED TO TELL THEM THAT THEY WOULDHAVE TO PAY INTEREST ON MONEY THEY BORROWED FROM A MARGINACCOUNT. CUSTOMERS ALLEGE DAMAGES IN EXCESS OF $5,000. EVENTSOCCURRED WHILE AE W/ DWR.
Broker Comment: COMPLAINT REJECTED.THE COMPLAINT HAS NO MERIT WHATSOEVER. MR. YORKINFORMED THE CUSTOMERS THAT THEY WOULD PAY INTEREST ON AMOUNTSBORROWED AND THEY SIGNED A MARGIN ACCOUNT AGREEMENT THATCLEARLY AND EXPRESSLY DISCLOSED THIS INFORMATION. THE BULK OFTHE MARGIN DEBT WAS INCURRED BECAUSE OF EXCESSIVE SPENDING BYTHE CUSTOMERS INCLUDING A NEW CAR, SUBSTANCIAL HOME IMPROVEMENTSAND TRIPS TO LAS VEGAS CASINOS.

More Information

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