STEPHEN PHILLIP WHITMAN is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 5796 ARMADA DRIVE, SUITE 200, CARLSBAD, CA, 92008.
STEPHEN PHILLIP WHITMAN has worked at MORGAN STANLEY since June 01, 2009
STEPHEN PHILLIP WHITMAN has 3 Disclosure Event(s).
Date: November 05, 1990 Category: Customer Dispute Allegations: UNSUITABLE TRADES, NOT ADVISED OF RISKS,ALLEGED DAMAGES OF 140,000 Damage Amount Requested: $140,000.00 Settlement Amount: $69,000.00 Broker Comment: SETTLED BY FIRM FOR 69,000.00, I WAS NOT ASKEDTO PARTICIPATE IN PROCEEDING NOR DID I AUTHORIZED SETTLED.THIS INCIDENT OCCURRED AS A RESULT OF THE 87STOCK MARKET CRASH. I DID NOT CONTRIBUTE THE SETTLEMENT ANDTHIS MATTER WAS RESOLVED WITH NO DETERMINATION OF FAULT ON MYPART. APPARENTLY HUTTON COULD NOT LOCATE ANY OF THE OPTIONPAPERS OR OTHER TRADING AUTHORIZATION MATERIALS FOR THISACCOUNT. THESE FORMS WERE ALL COMPLETED BY MR. RODLBERG WHEN HEOPENED HIS ACCOUNT AND BEGAN TRADING IN OPTIONS. I WAS NOT PARTTO THE SETTLEMENT AND THE FIRST INDICATION I HAD OF ASETTLEMENT OCCURRED WITH THIS UP DATE REQUEST. MY ONLYDISCUSSIONS WITH HUTTON REGARDING THIS MATTER INVOLVED REQUESTFOR COPIES OF SIGNED FORMS THAT I MIGHT HAVE.
Date: September 18, 1990 Category: Customer Dispute Allegations: CLIENT ALLEGED THAT A $28,000. PURCHASE OFVMS MORTGAGE INVESTMENT FUND WAS UNSUITABLE FOR HIM ANDMISREPRESENTED Damage Amount Requested: $28,000.00 Settlement Amount: $15,000.00 Broker Comment: WITHOUT ADMITTING ANY LIABILITY THE FIRM SETTLEDTHE MATTER FOR $15,000. SO AS TO AVOID THE EXPENSE AND RISK OFLITIGATION. BOTH PRUDENTIAL SECURITIES AND MYSELF DENY ANYLIABILITY IN THIS MATTER.THE CLIENT WAS AN EXPERIENCED INVESTOR IN REALESTATE PARTNERSHIPS. HE RECEIVED A PROSPECTUS WHICH HE ADVISEDME HE READ AND WE DISCUSSED THE PROGRAM IN DEPTH. I FOLLOWEDCOMPANY POLICY EXACTLY IN THIS MATTER. PRUDENTIAL SECURITIESSETTLED THIS MATTER AND I WAS NOT PARTY TO THE SETTLEMENT NORDID I CONTRIBUTE FINANCIALLY TO THE SETTLEMENT
Date: August 13, 1990 Category: Customer Dispute Allegations: CLAIMANT ALLEGED UNSUITABILITY OF OPTIONS Damage Amount Requested: $16,313.00 Settlement Amount: $10,000.00 Broker Comment: PRUDENTIAL BACHE SETTLED MATTER ON THEIR OWN FOR$10,000.00PRUDENTIAL BACHE COULD NOT LOCATE SIGNED OPTIONPAPERS FROM CLIENT AND DECIDED ON THEIR OWN VIOLATION TO SETTLEMATTER. NO TRADING RESTRICTION WAS EVER PLACED ON ACCOUNT BY PBFOR FAILURE TO SUBMIT SIGNED DOCS. TO THE BEST OF MY KNOWLEDGE,THESE DOCS WERE SIGNED AND ON FILE AT PRUDENTIAL BACHE. CLIENTHAD ASSETS AND TRADING EXPERIENCE TO INDICATE HE UNDERSTOODRISK. CLIENT ALSO WAS LICENSED BY THE NASD WHICH PRUDENTIALBACHE FAILED TO DETERMINE BEFORE SETTLING.
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