STEPHEN BERESFORD FOX is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 101 WEST BIG BEAVER ROAD, TROY, MI, 48084.
STEPHEN BERESFORD FOX has worked at MORGAN STANLEY since June 01, 2009
STEPHEN BERESFORD FOX has 2 Disclosure Event(s).
Date: July 28, 2008 Category: Customer Dispute Allegations: COMPLAINT ABOUT AUCTION RATE SECURITIES THAT ALLEGED MISREPRESENTATION. DAMAGES UNSPECIFIED. Settlement Amount: $100,000.00 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENT TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.
Date: June 22, 1999 Category: Customer Dispute Allegations: FAILURE TO FOLLOW INSTRUCTIONS TO LIQUIDATEPRIOR TO TRANSFER OF ACCOUNT, BREACH OF CONTRACT, BREACH OFFIDUCIARY DUTY, NEGLIGENCE, VIOLATION OF MICHIGAN CONSUMERPROTECTION ACT FROM JUNE 24, 1998 THROUGH JULY 20, 1998. ALLEGED DAMAGES: $116,779. PRODUCT: EQUITYLISTED FIRM: SSB Damage Amount Requested: $116,779.00 Damages Granted: $73,933.00
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