ZENAS NORMAN GURLEY is currently employed as a Broker and/or Investment Adviser at NTB FINANCIAL CORPORATION located at 102 SOUTH TEJON ST., SUITE 1100, COLORADO SPRINGS, CO, 80903.
ZENAS NORMAN GURLEY has worked at NTB FINANCIAL CORPORATION since June 28, 2002
Disclosure History
ZENAS NORMAN GURLEY has 2 Disclosure Event(s).
Date: December 31, 1985 Category: Customer Dispute Allegations: CLAIMED EXCESSIVE TRADING AND LOSSES IN GMSTOCK OPTIONS. Damage Amount Requested: $65,000.00 Broker Comment: OUT OF COURT SETTLEMENT- MR. GURLEY PAID 65,000 DOLLARS.ELOISE NOLAND SUED E.F. HUTTON AND ZENE GURLEY SHORTLY AFTER MAYTAG SETTLEMENT IN 1983. NOLAND CLAIMED EXCESSIVE TRADING AND LOSSES IN GM STOCK OPTIONS. NOLAN HAD DEPOSITED 8800 SHARES OF GM IN MID-70'S AND DID NOT WANT STOCK CALLED IF POSSIBLE. THE ACCOUNT FROM 1976-1981 WAS PROFITABLE AT TIMES AND UNPROFITABLE AT TIMES. NET IN 1981 WAS A SMALLREALIZED LOSS IN OPTIONS. IN 1981 GM WENT UP AND I ADVISED MRS. NOLAN IN WRITTING THAT I WAS UNCOMFORTABLE WITH THE SITUATION. SHE DIRECTED ME TO WORK OUT OF THE OPTIONS AND REDUCE THE DEBIT BALANCE. I TOLD HER IN 1983 THE ONLY WAY TO REDUCE THE DEBIT WAS TO SELL STOCK. SUIT FOLLOWED, E. F. HUTTON FORCED ME TO SETTLE. THEY DID NOT WANT TO GO TO COURT BECAUSE OF HUTTON'S NATION PROBLEMS. I PAID 65,000 DOLLARS.
Date: January 01, 1983 Category: Customer Dispute Allegations: 3.3 MILLION IN LOSSES AND PUNITIVE DAMAGESFROM OPTION TRADING. Damage Amount Requested: $3,300,000.00 Settlement Amount: $94,000.00 Broker Comment: OUT OF COURT SETTLEMENT- MR. GURLEY PAID ONEHALF OF THE TOTAL AMOUT, WHICH WAS 46,000 DOLLARS.CORNELIA MAYTAG SUED E.F. HUTTON AND ZENE GURLEYIN 1981 FOR 3.3 MILLION IN LOSSES AND PUNITIVE. SHE CLAIMEDLOSSES IN EXCESS OF 1 MILLION FROM OPTION TRADING. SUBSEQUENTCOMPUTER ANALYSIS REVEALED LOSSES OF ABOUT 100,000 DOLLARS,ALMOST ALL OF WHICH OCCURED IN MAYTAG STOCK AND IBM STOCK,NEITHER UNDER THE CONTROL OF ZENE GURLEY. BECAUSE OF THE COSTSOF COURT ACTION, E.F. HUTTON AND MAYTAG DECIDED TO SETTLERATHER THAN GO TO COURT. ZENE GURLEY'S PAYMENT WAS ONE HALF OFTHE TOTAL AMOUNT, WHICH WAS 46,000 DOLLARS.
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