SHERRY PARKER HODGES is currently employed as a Broker and/or Investment Adviser at STIFEL, NICOLAUS & COMPANY, INCORPORATED located at 15 LAKE STREET, SUITE 140, SAVANNAH, GA, 31411.
SHERRY PARKER HODGES has worked at STIFEL, NICOLAUS & COMPANY, INCORPORATED since July 07, 2015
SHERRY PARKER HODGES has 2 Disclosure Event(s).
Date: December 19, 2011 Category: Employment Separation After Allegations Firm Name: MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. Termination Type: Discharged Allegations: CONDUCT INVOLVING THE ALTERATION OF CLIENT ANNUITY DOCUMENTS. Broker Comment: REP CHANGED DOLLAR AMOUNT OF RMD WITHDRAWAL ON REQUEST FORM AT CLIENT'S REQUEST. ALL FUNDS WITHDRAWN WERE DEPOSITED DIRECTLY INTO CLIENT'S ACCOUNT. ACTIONS TAKEN BY REP WHERE AT CLIENT'S REQUEST AND SOLELY FOR CLIENT'S CONVENIENCE.
Date: May 14, 1998 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE PURCHASES AND SALES OFUNSUITABLE SECURITIES AS WELL AS THE UNSUITABLE USE OF MARGINTO FUND SOME OF THE TRANSACTIONS. CLAIMED LOSSES OF $600,000.THIS OCCURRED AT MERRILL LYNCH. Damage Amount Requested: $600,000.00 Settlement Amount: $21,000.00 Broker Comment: SETTLED FOR $21,000 (LESS THAT 4% OF CLAIMEDLOSSES) TO AVOID THE COSTS AND UNCERTAINTIES OF CONTINUEDLITIGATION.MERRILL LYNCH`S INVESTIGATION DETERMINED THAT MS.HODGES ENGAGED IN NO WRONGDOING. THE ACCOUNTS IN QUESTION WEREREVIEWED BY MANAGEMENT THROUGH REGULAR ACTIVITY REVIEWS AND ITWAS DETERMINED THAT THE TRANSACTIONS AT ISSUE WERE EITHERUNSOLICITED OR ORIGINATED WITH THE [CUSTOMERS'] OWN INVESTMENTIDEAS. THE USE OF MARGIN WAS KNOWN TO AND WAS INITIATED BY THE[CUSTOMERS]. OUR INVESTIGATION ALSO REVEALED THAT THE [CUSTOMERS]HAD A LONG HISTORY OF AGGRESSIVE INVESTMENTS OUTSIDE OF MS,INCLUDING A FAILED AFRICAN MINERAL RIGHTS VENTURE OWNED BY [CUSTOMER] WHICH RESULTED IN SUSTANTIAL LOSSES. IN VIEW OF THESEFACTS, THE MATTER WAS SETTLED FOR A NOMINAL SUM SOLELY TO AVOIDTHE COSTS AND UNCERTAINTIES OF CONTINUED LITIGATION.
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