STANLEY KALMAN KING is currently employed as a Broker and/or Investment Adviser at OPPENHEIMER & CO. INC. located at 10880 WILSHIRE BOULEVARD, LOS ANGELES, CA, 90024.
STANLEY KALMAN KING has worked at OPPENHEIMER & CO. INC. since February 06, 2014
Disclosure History
STANLEY KALMAN KING has 7 Disclosure Event(s).
Date: February 21, 2014 Category: Customer Dispute Allegations: TIME FRAME: OCTOBER 28TH 2013 TO OCTOBER 29, 2013 THE CLIENT ALLEGES HIS FINANCIAL ADVISOR SOLD HIS POSITION WITHOUT HIS AUTHORIZATION AND AFTER HE WAS INSTRUCTED NOT TO. THE ALLEGED DAMAGES ARE ESTIMATED TO BE IN EXCESS OF $5000. Settlement Amount: $15,000.00
Date: January 23, 2014 Category: Customer Dispute Allegations: TIME FRAME: JUNE 24, 2013 TO NOVEMBER 19, 2013 THE CLIENT ALLEGES HIS FINANCIAL ADVISOR HAD INSIDE INFORMATION ON NQ MOBILE AND HE IS PUTTING MANY OF HIS PREFERRED CLIENTS INTO THE EQUITY WITH KNOWLEDGE THAT IT WOULD RISE. THE CLIENT THEN ALLEGES HE WAS FORCED TO SELL WHEN HE DID NOT WANT TO SELL AND THE POSITION HAS GONE UP. THE ALLEGED DAMAGES ARE ESTIMATED TO BE IN EXCESS OF $5000.00.
Date: January 06, 2014 Category: Employment Separation After Allegations Firm Name: UBS FINANCIAL SERVICES INC. Termination Type: Discharged Allegations: MR. KING'S EMPLOYMENT WAS TERMINATED AFTER A REVIEW BY THE FIRM DISCLOSED MULTIPLE VIOLATIONS OF FIRM POLICY, INCLUDING BUT NOT LIMITED TO (1) EXERCISING DISCRETION WITH ORAL BUT NOT WRITTEN AUTHORIZATION IN CLIENTS' ACCOUNTS; (2) ACCEPTING TRADING INSTRUCTIONS FROM UNAUTHORIZED THIRD PARTIES; AND (3) ACCEPTING TRADE ORDERS VIA E-MAIL. Broker Comment: MR. KING REPRESENTS THAT HE FILED AN ACTION AGAINST HIS FORMER EMPLOYER UBS FINANCIAL SERVICES, INC. ALLEGING WRONGFUL DISCHARGE, BREACH OF ORAL AND WRITTEN CONTRACT, BREACH OF THE COVENANT OF GOOD FAITH AND FAIR DEALING, DEFAMATION & DEFAMATION PER SE, VIOLATIONS OF CALIFORNIA LAW AND FAILURE TO SUPERVISE AND CONTROL RELATING TO THE DOCUMENTATION OF CLIENTS' ACCOUNTS. MR. KING FURTHER REPRESENTS THAT THE MATTER WAS SETTLED ON A CONFIDENTIAL BASIS IN MR. KING'S FAVOR.
Date: November 15, 2013 Category: Customer Dispute Allegations: TIME FRAME: JULY 22, 2013 TO NOVEMBER 15, 2013THE CLIENT ALLEGES THE HOLDING SOLD TO HIM WAS BEYOND HIS RISK TOLERANCE. THE CLIENT FURTHER ALLEGES HE WAS LED TO BELIEVE THAT THE POSITION HIS FINANCIAL ADVISOR SOLD HIM WAS RECOMMENDED BY UBS AND IT WAS NOT. THE ALLEGED DAMAGES ARE $20,884.00. Damage Amount Requested: $20,884.00
Date: November 16, 2009 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT FROM MARCH 2007 TO OCTOBER 2008 THE FA MADE UNAUTHORIZED PURCHASES OF STOCKS AND FUNDS WHICH WERE UNSUITABLE. Damage Amount Requested: $234,490.78 Settlement Amount: $75,000.00 10-04254
Date: April 30, 2009 Category: Customer Dispute Allegations: THE CLIENT ALLEGED MISREPRESENTATION WITH RESPECT TO INVESTMENT-02/12/2004. DAMAGES UNSPECIFIED. Settlement Amount: $12,500.00 Broker Comment: THE CUSTOMER PURCHASED $200,000 GMAC 6% SMART NOTES OF 2019 PAYABLE ON A MONTHLY BASIS. FOR YEARS AHE RECEIVED AND HAS NEVER FAILED TO RECEIVE HER INTEREST. THE CIRCUMSTANCES RE GMAC ARE WELL KNOWN. THE VALUATION DROPPED RADICALLY BUT THE BONDS HAVE NEVER DEFAULTED. I SUGGESTED KEEPING THE BONDS UNTIL THEY RECOVERED. THIS CLIENT DID NOT TRANSFER TO UBS AND DID NOT GIVE ANY INDICATION OF FILING A COMPLAINT. THE CLIENT DID NO OTHER BUSINESS OTHER THAN THIS. INCOME WAS THE PRIMARY OBJECTIVE.
Date: April 27, 2009 Category: Customer Dispute Allegations: THE CLIENT ALLEGED MISREPRESENTATION WITH RESPECT TO INVESTMENT - 05/2008 - 07/2008. Damage Amount Requested: $33,855.00
More Information
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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.
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