WILLIAM CHAPMAN FRENCH

WILLIAM CHAPMAN FRENCH is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 595 SOUTH FEDERAL HIGHWAY, BOCA RATON, FL, 33432.

WILLIAM CHAPMAN FRENCH has worked at MORGAN STANLEY since June 01, 2009

Disclosure History

WILLIAM CHAPMAN FRENCH has 2 Disclosure Event(s).

Date: April 22, 2008
Category: Customer Dispute
Allegations: CLIENT, THROUGH HIS ATTORNEY, ALLEGED SMITH BARNEY FAILED IN ITS DUTIES TO THE [CUSTOMER] FAMILY BY NOT TAKING APPROPRIATE & ADEQUATE STEPS TO ADVISE AND ENCOURAGE [CUSTOMER] TO REDUCE THE OVERCONCENTRATION OF QMED STOCK IN THE FAMILY ACCOUNTS. SMITH BARNEY DID NOT PROPERLY SERVE THE [CUSTOMER] FAMILY BY POINTING OUT THE RISKS OF THIS CONCENTRATED PORTFOLIO.
Damage Amount Requested: $5,000,000.00
Settlement Amount: $200,000.00
Broker Comment: CITIGROUP SETTLED FOR $.04 ON THE DOLLAR TO AVOID THE PROTRACTED COSTS OF DEFENSE IN THIS MULTIMILLION DOLLAR CLAIM. REGISTERED REPRESENTATIVE WAS NOT ASKED TO PARTICIPATE IN THE SETTLEMENT.

Date: March 23, 1992
Category: Customer Dispute
Allegations: THE PLAINTIFF ALLEGED UNSUITABILITY ANDMISREPRESENTATION REGARDING THE PURCHASE OF 10 LIMITEDPARTNERSHIPS. ALLEGED DAMAGES: UNSPECIFIED
Settlement Amount: $65,000.00
Broker Comment: SMITH BARNEY AGREED TO PAY THE PLAINTIFF $65,00. CONTACT: [BROKER DEALER CONTACT PERSON] (212) 464-7293[CUSTOMER] IS AN ASTUTE, SUCCESSFUL BUSINESSMAN.[CUSTOMER'S] COMPLAINTS ABOUT HIS LIMITED PARTNERSHIPINVESTMENTS WERE UNFOUNDED. [CUSTOMER] COMPLETELY UNDERSTOODTHE NATURE OF A LP INVESTMENT, INCLUDING THE RISKS ASSOCIATEDWITH SUCH AN INVESTMENT. [CUSTOMER] ALSO INVESTED IN LPS ATOTHER FIRMS. THIS CASE WAS SETTLED SOLELY TO AVOID FURTHERCOSTS AND THE RISKS ASSOCIATED WITH LITIGATION.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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