TERRY ALAN SHERMAN is currently employed as a Broker and/or Investment Adviser at RBC CAPITAL MARKETS, LLC located at 300 WEST 6TH STREET, SUITE 2200, AUSTIN, TX, 78701-3912.
TERRY ALAN SHERMAN has worked at RBC CAPITAL MARKETS, LLC since February 10, 2014
TERRY ALAN SHERMAN has 5 Disclosure Event(s).
Date: April 05, 2008 Category: Customer Dispute Allegations: COMPLAINT ABOUT AUCTION RATE SECURITIES THAT ALLEGED MISREPRESENTATION. DAMAGES UNSPECIFIED. Settlement Amount: $25,000.00 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: September 02, 2004 Category: Customer Dispute Allegations: CLIENT ALLEGED MANAGED PORTFOLIO WAS UNSUITABLE - FEBRUARY 2001 TO FEBRUARY 2004.DAMAGES UNSPECIFIED. Broker Comment: CLAIM DENIED.
Date: October 02, 2000 Category: Customer Dispute Allegations: CLIENT ALLEGED THAT THE RECOMMENDATION TO PURCHASE A SINGER CORPORATION BOND IN 1997 (WHICH IS NOW IN BANKRUPTCY PROCEEDINGS) WAS NOT IN ACCORDANCE WITH THEIR REQUEST FOR A RECOMMENDATION FOR AN INVESTMENT GRADE BOND. ALLEGED DAMAGES UNSPECIFIED. Broker Comment: CLAIM DENIED.
Date: August 13, 1999 Category: Customer Dispute Allegations: CLIENT ALLEGED THAT STOCKS PURCHASED IN HER ACCOUNT IN 1997 WERE UNSUITABLE. Damage Amount Requested: $21,738.50 Broker Comment: DENIED.
Date: March 25, 1992 Category: Customer Dispute Allegations: SUITABILITY, FRAUD, BREACH OF FIDUCING ALLEGED DAMAGES: $40,000.00 Damage Amount Requested: $40,000.00 Damages Granted: $24,844.00 Broker Comment: AWARD RENDERED IN THE AMOUNT OF 24,324.00 INTOTAL. WITH $19,459.20 AGAINST SHEARSON AND $4,864.80 AGAINSTTERRY SHERNNARCLIENT DECEIVED NASD PANEL AS TO HER LEVEL OFSOPHISTICATION !
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