PAINE WEBBER

Discharged

Not Provided CUSTOMERS ALLEGE THAT AE STAMFORD NIOU MADE UNSUITABLE RECOMMENDATION IN COCA COLA SHARE & OPTIONS AND CLIENTS ALLEGED THAT THEY MISUNDERSTOOD AE'S RECOMMENDATION.

CLIENT POSITION IN COCA COLA WAS REPURCHASED RESULTING IN A $76,000.00 LOSS TO THE OFFICE. THERE WERE NO VIOLATIONS OF REGULATORY REQUIREMENTS AND NO FINES OR PENNALTIES. MR. NIOU MADE NO CONTRIBUTION TOWARDS SETTLEMENT. THE CLIENT LOST STOCK (COCA COLA) THROUGH AN OPTION EXERCISE WHEN HE HAD ADVISED PAINE WEBBER IN WRITING NOT TO LET THE STOCK GET CALLED AWAY. THERE WAS A LONG DELAY IN REPURCHASING THE STOCK WHICH RESULTED IN A $76,000.00 LOSS TO THE OFFICE. THE MANAGER BLAMED ME FOR THE PROBLEM AND I BLAMED HIM FOR THE DELAY NAD RESULTING LOSS.

CUSTOMERS ALLEGE THAT AE STAMFORD NIOU MADE UNSUITABLE RECOMMENDATION IN COCA COLA SHARE & OPTIONS AND CLIENTS ALLEGED THAT THEY MISUNDERSTOOD AE'S RECOMMENDATION.

$76,000.00

CLIENT POSITION IN COCA COLA WAS REPURCHASED RESULTING IN A $76,000.00 LOSS TO THE OFFICE. THERE WERE NO VIOLATIONS OF REGULATORY REQUIREMENTS AND NO FINES OR PENNALTIES. MR. NIOU MADE NO CONTRIBUTION TOWARDS SETTLEMENT. THE CLIENT LOST STOCK (COCA COLA) THROUGH AN OPTION EXERCISE WHEN HE HAD ADVISED PAINE WEBBER IN WRITING NOT TO LET THE STOCK GET CALLED AWAY. THERE WAS A LONG DELAY IN REPURCHASING THE STOCK WHICH RESULTED IN A $76,000.00 LOSS TO THE OFFICE. THE MANAGER BLAMED ME FOR THE PROBLEM AND I BLAMED HIM FOR THE DELAY AND RESULTING LOSS.