THOMAS MICHAEL LANDY is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 101 CALIFORNIA ST., SAN FRANCISCO, CA, 94111.
THOMAS MICHAEL LANDY has worked at MORGAN STANLEY since June 01, 2009
THOMAS MICHAEL LANDY has 3 Disclosure Event(s).
Date: September 11, 2017 Category: Customer Dispute Allegations: Client alleges, inter alia, that the investment advice they were given was based on a goal of maximizing commissions and not in their best interest - 2010- 2017. Damage Amount Requested: $22,063.00
Date: February 27, 1989 Category: Customer Dispute Allegations: [CUSTOMER] FILED LAWSUIT FOR LOSS SUSTAINED INL.F. ROTSCHILD DEBENTURES ($75,000) AND FOR LOSS ALLEGED FROMBUYING AND SELLING SECURITIES ($175,000). BOTH LEGAL COUNCILSWENT TO BINDING ARBITRATION AND THEY SETTLED FOR $75,000. NOGUILT ESTABLISHED AND NO SUSPENSION, RESTRICITIONS, ORJUDGEMENT OF WRONGDOING WERE ESTABLISHED. Damage Amount Requested: $250,000.00 Settlement Amount: $75,000.00 Broker Comment: SETTLED FOR $75,000-BROKER DID NOT CONTRIBUTE TOSETTLEMENTL.F. ROTHSCHILD BECAME INSOLVENT. THIS COMPLAINTWAS FILED AFTER THE COMPANY WAS IN BANKRUPTCY. THE AMOUNT OFTHE SETTLEMENT WAS $75,000. THE LEGAL COUNSELS REPRESENTING[CUSTOMER] & L.F. ROTHSCHILD SETTLED THE COMPLAINT WITH NO GUILTADMITTED AND NO JUDGMENT PASSED DOWN. LANDY DID NOT PARTICIPATEIN ANY SETTLEMENT PROCEEDINGS.
Date: November 13, 1987 Category: Customer Dispute Allegations: BREACH OF FIDUCIARY DUTY. GENERAL NEGLIGENCEAND FRAUD. COMPENSATORY DAMAGES OF $25,000 TO PLANTIFF [CUSTOMER] AND $25,000 TO PLANTIFF [OTHER CUSTOMER NAMED]. Damage Amount Requested: $50,000.00 Settlement Amount: $10,000.00 Broker Comment: $10,000 SETTLEMENT-BROKER DID NOT CONTRIBUTE TOSETTLEMENTL.F. ROTHSCHILD BECAME INSOLVENT. THIS COMPLAINTWAS FILED AFTER THE COMPANY WAS IN BANKRUPTCY. ONE WEEK BEFORETHE 7YR. STATUTE HAD EXPIRED. THIS LAWSUIT WAS FILED IN 1987.THE AMOUNT OF THE SETTLEMENT WAS $10,OOO. THE AGREEMENT WASSETTLED FREE AND CLEAR WITH NO GUILT ADMITTED AND NO JUDGMENTPASSED DOWN. LANDY DID NOT PARTICIPATE IN ANY SETTLMENTPROCEEDINGS.
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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