THOMAS J. JOHN CLEARY

THOMAS J. JOHN CLEARY is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 111 NO. ORANGE AVE, ORLANDO, FL, 32801.

THOMAS J. JOHN CLEARY has worked at UBS FINANCIAL SERVICES INC. since February 27, 2009

Disclosure History

THOMAS J. JOHN CLEARY has 2 Disclosure Event(s).

Date: October 23, 2009
Category: Customer Dispute
Allegations: CLAIMANTS ALLEGE, INTER ALIA, THAT FROM APRIL 2008 THROUGH OCTOBER OF 2008 THE FINANCIAL ADVISOR MADE UNSUITABLE INVESTMENTS IN THEIR ACCOUNTS
Damage Amount Requested: $116,011.70
Settlement Amount: $12,500.00
Broker Comment: IN ORDER TO AVOID THE COSTS AND UNCERTAINTIES OF LITIGATION, MORGAN STANLEY & CO INC. AGREED TO PAY CLAIMANT $12,500.00 IN FULL AND FINAL SETTLEMENT OF ANY AND ALL CLAIMS ASSERTED BY CLAIMANT IN THIS PROCEEDING.

Date: September 11, 2008
Category: Customer Dispute
Allegations: CUSTOMER CLAIMS INVESTMENTS IN PREFERRED STOCK, SPECIFICALLY FNMA, DEVIATED FROM HIS INVESTMENT PLAN. ALLEGED DAMAGES ARE MORE THAN $5,000.
Settlement Amount: $45,000.00
Broker Comment: MORGAN STANLEY SETTLED IN ORDER TO AVOID THE COST OF LITIGATION. THE CUSTOMER'S CONCERN RELATED TO THE DECLINE IN HIS FIMA PREFERRED STOCK AFTER THE FHFA PLACED FANNIE MAE INTO CONSERVATORSHIP AND NOT FROM ANY WRONGDOING ON MY PART. THIS IS SUPPORTED BY THE FACT THAT THE CLIENT TRANSFERRED THEIR MORGAN STANLEY ACCOUNTS TO ME AT UBS WWHERE I CONTINUE TO ACT AS THEIR FINANCIAL ADVISOR.

More Information

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