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
Disclosure History
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 ALL FUNDS WITHDRAWN WERE DEPOSITED DIRECTLY INTO CLIENT'S ACCOUNT.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.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for SHERRY PARKER HODGES, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.