STEVEN ALLEN BERNSTEIN

STEVEN ALLEN BERNSTEIN is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES FINANCIAL SERVICES, INC. located at 9180 ESTERO PARK COMMONS, SUITE 8, ESTERO, FL, 33928.

STEVEN ALLEN BERNSTEIN has worked at RAYMOND JAMES FINANCIAL SERVICES, INC. since March 20, 2008

Disclosure History

STEVEN ALLEN BERNSTEIN has 2 Disclosure Event(s).

Date: March 07, 2002
Category: Customer Dispute
Allegations: CUSTOMERS CLAIM THAT THEY ORIGINALLY THOUGHT THEY WERE LIVING OFF THE INTEREST FROM THEIR ANNUITY AS THEY REQUESTED ON OPENING THE ACCOUNT, BUT LATER FOUND OUT THAT THEY WERE DEPLETING THEIR PRINCIPAL. DAMAGES ESTIMATED TO EXCEED $5000. TIME PERIOD: JUNE 2000 - PRESENT
Broker Comment: **THIS DISCLOSURE IN NO LONGER REPORTABLE ON THE CURRENT U4 BECAUSE IT WAS FILED MORE THAN 24 MONTHS AGO AND DID NOT SETTLE FOR $10,000 OR MORE**

Date: February 01, 1996
Category: Customer Dispute
Allegations: CUSTOMERS ALLEGED UNSUITABILITY,MISREPRESENTATION OF RISK AND BREACH OF FIDUCIARY DUTYREGARDING VARIOUS MUTUAL FUNDS AND A REIT BOUGHT BETWEEN 1990AND 1995. CLAIMANTS ALLEGED DAMAGES OF $200,000.
Damage Amount Requested: $200,000.00
Settlement Amount: $60,000.00
Broker Comment: PAINEWEBBER PAID CUSTOMERS $60,000IN MANY YEARS OF WORKING WITH THE CLIENTS, ONESECURITY DECLINED DRAMATICALLY AFTER THE CUSTOMERS PURCHASEDIT. IT WAS A SECURITY WITH POSITIVE RESEARCH REPORTS FROMPAINEWEBBER. UNTIL THIS ONE TRANSACTION, THE CLIENTS HADEXCELLENT RETURNS FOR MANY YEARS. EVEN WITH THIS ONE SECURITY,THE CUSTOMERS MAINTAINED A POSITIVE RETURN ON THEIRINVESTMENTS. PAINEWEBBER CHOSE TO SETTTLE FOR ECONOMIC REASONS.

More Information

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