WILLIAM M GORMAN

WILLIAM M GORMAN is currently employed as a Broker and/or Investment Adviser at PARK AVENUE SECURITIES LLC located at 244 BLVD. OF ALLIES, PITTSBURGH, PA, 15222.

WILLIAM M GORMAN has worked at PARK AVENUE SECURITIES LLC since May 03, 1999

Disclosure History

WILLIAM M GORMAN has 1 Disclosure Event(s).

Date: April 04, 2001
Category: Customer Dispute
Allegations: CLIENTS ATTORNEY ALLEGES THAT SEVERAL RESPONDANTS, INCLUDING PARK AVENEUE SECURITIES(PAS) REGISTERED REPRESENTATIVE, WILLIAM M GORMAN, MADE INAPPROPRIATE INVESTMENTS FOR THE CLIENTS ACCOUNTS AND GROSSLY MISADVISED AND MISMANAGED THE ACCOUNTS. CLIENTS ATTORNEY MISIDENTIFIED PAS AS THE BROKER DEALER WHERE THE ALLEGED EVENTS OCCURRED. CLIENTS ATTORNEY SEEKS COMPENSATORY DAMAGES IN EXCESS OF $300,000.
Damage Amount Requested: $300,000.00
Settlement Amount: $175,000.00
Broker Comment: IN VIEW OF THE UNCERTAINTIES OF POTENTIAL LITIGATION AND FOR BUSINESS REASONS, THE PARTIES AGREED TO SETTLE THE MATTER FOR $175,000.00 WITH NO ADMISSIONS OF LIABILITY.

More Information

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