STEPHEN RUSSELL STANFORD is currently employed as a Broker and/or Investment Adviser at PORTSMOUTH FINANCIAL SERVICES located at 250 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO, CA, 94104.
STEPHEN RUSSELL STANFORD has worked at PORTSMOUTH FINANCIAL SERVICES since March 18, 2013
STEPHEN RUSSELL STANFORD has 2 Disclosure Event(s).
Date: December 18, 2000 Category: Employment Separation After Allegations Firm Name: PAINE WEBBER Termination Type: Discharged Allegations: CLIENT VERBALLY ALLEGED UNAUTHORIZED TRADING.UNSUITALBE RECOMMENDATION. Broker Comment: CLIEND VERBALLY ALLEGED UNAUTHORIZED TRADING IN HER ACCOUNT BY HER FA. TIME PERIOD AND DAMAGES WERE NOT SPECIFIED. PRINCIAL PRODUCT TYPE UNSPECIFIED.PAINE WEBBER SETTLED BY CREDITING HER ACCOUNT (10/31/2000).
Date: December 31, 1999 Category: Customer Dispute Allegations: CLIENT VERBALLY ALLEGED UNAUTHORIZED TRADING IN HER ACCOUNT BY HER FA. TIME PERIOD AND DAMAGES WERE NOT SPECIFIED. Settlement Amount: $225,000.00 Broker Comment: THE CLIENT WAS CONSULTED PRIOR TO ALL TRADES. I WILL SUBSTANTIALLY PARTICIPATE IN THE SETTLEMENT.[CUSTOMER] HAD BEEN CLIENT FOR 10 YEARS. IN MARCH 1999, WITH CURRENT MARKET CONDITIONS I RECOMMENDED DIVERSIFYING INTO STOCKS. INITIALLY TRADING WAS PROFITABLE. THEN POSITIONS WERE PURCHASED AND HELD DESPITE DECLINING PRICES. CLIENT RECEIVED ALL TRADE CONFIRMATIONS AND ACCOUNT STATEMENTS. IN AUGUST 2000 THE CONSOLIDATION OF JC BRADFORD & PAINEWEBBER GENERATED A REPORT ON CLIENT'S ACCOUNT. THE PAINE WEBBER BRANCH MANAGER TOLD ME TO SET MEETING UP WITH CLIENT. CLIENT STATED TO BM ALL SHE WANTED WAS MUNICIPAL BONDS AND SOUTHERN CO. UPON RETURNING BACK TO OFFICE BM CALLED PW LEGAL DEPT. LEGAL TOLD BM TO SETTLE. THE CUSTOMER NEVER INITIATED A COMPLAINT. THE COMPLAINT WAS INITIATED BY BM/LEGAL. CLIENT RECEIVED SETTLEMENT END OF OTC 2000. I WAS TOLD TO PAY PART OF SETTLEMENT. REVIEW COMMITTEE TERMINATED 10/18/00.
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