STEPHEN ARTHUR RENAUD is currently employed as a Broker and/or Investment Adviser at KATALYST SECURITIES LLC located at 630 Third Avenue, 5th Floor, new york, NY, 10017.
STEPHEN ARTHUR RENAUD has worked at KATALYST SECURITIES LLC since August 21, 2014
STEPHEN ARTHUR RENAUD has 7 Disclosure Event(s).
Date: May 24, 2000 Category: Customer Dispute Allegations: CUSTOMER ALLEGES UNAUTHORIZED TRADING, INAPPROPRIATE STOCK AND NO MARGIN AGREEMENT ON FILE. Damage Amount Requested: $44,000.00 Settlement Amount: $9,800.00 Broker Comment: CUSTOMER ALLEGES UNATHORIZED TRADING, INAPPROPRIATE STOCK AND NO MARGIN AGREEMENT ON FILE. CUSTOMER OPENED A TRADING ACCOUNT AND SIGNED PRIVATE PLACEMENT DOCUMENTS ACKNOWLEDGING HE WAS A SOPHISTICATED INVESTOR. EACH TRADE WAS DISCUSSED, ACTIVITY WAS NEVER QUESTIONED UNTIL THE MARKET WAS DOWN.
Date: January 06, 1998 Category: Customer Dispute Allegations: UNAUTHORIZED TRADING- LOSSES OF $70,840 Damage Amount Requested: $70,000.00 Settlement Amount: $15,000.00 Broker Comment: CSG DENIED CLEINT CLAIM [CUSTOMER] CLAIMS HE KNEW OF AND AUTHORIZED ONLY 3 OUT OF 30 TRADES OVER A PERIOD OF ONE YEAR. THIS IS FALSE. [CUSTOMER] WAS FULLY AWARE OF ALL 30 TRADES, AND HE AUTHORIZED EACH ONE OF THE TRANSACTIONS. HE RECEIVED THE CONFIRMS AND MONTHLY STATEMENTS WHICH REFLECTED THE TRANACTIONS, AND HE DID NOT DISPUTE THE TRADES UNTIL MIMS, HIS LARGEST POSITION, WENT DOWN SIGNIFICANTLY.
Date: November 05, 1997 Category: Customer Dispute Allegations: UNAUTHORIZED TRADES-LOSSES OF $8,000. Damage Amount Requested: $8,000.00 Broker Comment: CSG DENIED CLIENT CLAIMTHE CUSTOMER AUTHORIZED THE PURCHASE OF 1000SHARES OF MIMS ON MY RECOMMENDATION. HIS ALLEGATION OFAUTHORIZING ONLY 500 SHARES CAME 3 MONTHS AFTER THE PURCHASE,AFTER RECEIVING THE CONFIRM AND TWO STATEMENTS. THE CUSTOMERDISPUTED THE AMOUNT OF THE SHARES ONLY AFTER THE STOCK WENTDOWN AND HIS ACCOUNT SUSTAINED LOSSES, A FULL 90 DAYS LATER.
Date: February 09, 1993 Category: Regulatory Initiated By: MARYLAND DIVISION OF SECURITIES Allegations: RENAUD'S REGISTRATION WAS SUSPENDED 1/4/93PURSUANT TO VIOLATIONS OF SEC.11-412(a)(1) OF THE ACT. RENAUDFAILED TO DISCLOSE IN HIS APPLICATION TO THE DIVISION 2COMPLAINTS WHICH ALLEGED DAMAGES IN EXCESS OF $10,000.00 AND/ORSETTLED IN EXCESS OF $5,000.00. Resolution: Consent SanctionDetails: Sanctions: Suspension Sanction Details: SUSPENSION VACATED AND THE COMMISSIONER AGREED TOACCEPT A CONSENT ORDER AND PAYMENT OF ADMINISTRATIVE COSTS INTHE AMOUNT OF $1,000.00 TO SETTLE THIS MATTER. Broker Comment: I APPLIED FOR REGISTRATION IN MARYLAND BEFORE TWOCASES WERE PUT ON MY CRD. I BEGAN EMPLOYMENT AT SHEARSON INNOVEMBER 1992 AND THE CASES WERE PUT ON MY CRD IN DECEMBER1992. I WAS NOT AWARE THAT TWO CASES WERE ON MY RECORD AND THATI WAS OBLIGATED TO REPORT THEM WHEN I REGISTERED IN MARYLAND.
Date: July 09, 1991 Category: Customer Dispute Allegations: MISUNDERSTANDING OF CLIENT'S ORDERS. Damage Amount Requested: $10,000.00 Settlement Amount: $10,000.00 Broker Comment: SETTLEMENT OF $10,000; HALF PAID BY SMITHBARNEY, HALF BY ME.I MISUNDERSTOOD CLIENT ORDER AND BOUGHT THE WRONGSTOCK. BY THE TIME I REALIZED IT, THE STOCK I SHOULD HAVEBOUGHT WENT UP AND IT WAS TOO LATE TO BUY IT. THE SETTLEMENTAMOUNT WAS THE DIFFERENCE BETWEEN THE VALUE OF THE TWO STOCKS:$10,000. I PAID $5000 AND SMITH BARNEY PAID $5000.
Date: May 21, 1990 Category: Customer Dispute Allegations: UNSUITABLE OPTION TRANSACTIONS: NOTREGISTERED IN CLIENTS' STATE Damage Amount Requested: $40,000.00 Settlement Amount: $40,000.00 Broker Comment: SMITH BARNEY SETTLED THE MATTER FOR $40,000SMITH BARNEY FAILED TO REGISTER ME IN KENTUCKYEVEN THOUGH THE FIRM TOLD ME I WAS REGISTERED. SMITH BARNEYACKNOWLEDGED FAILURE TO REGISTERED ME IN CLIENT'S STATE ANDSETTLED WITH CLIENT. SMITH BARNEY PAID SETTLEMENT IN FULL. IWAS DISMISSED FROM THE COMPLAINT PRIOR TO SETTLEMENT.
Date: June 01, 1988 Category: Customer Dispute Allegations: UNSUITABLE TRANSACTIONS Damage Amount Requested: $18,490.20 Settlement Amount: $12,100.00 Broker Comment: SETTLEMENT OF $12,500; SMITH BARNEY PAID $8,500AND I PAID $4000COMPLAINT FILED FOR LOSSES THAT CLIENT SUSTAINEDDURING MARKET CRASH OF OCTOBER 1987. SMITH BARNEY DETERMINEDTHAT COMPLAINT LACKED MERIT AND NO REIMBURSEMENT WAS WARRANTED;HOWEVER SMITH BARNEY WAS UNABLE TO PRODUCE CLIENT AGREEMENT.THUS, SMITH BARNEY SETTLED THE MATTER FOR CLIENT RELATIONS.
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