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On 3-12-15, the IRS filed a notice of federal tax lien for $32,192.23 for the tax years 2010-2012 against me and my wife. With penalties and interest, that amount is about $37,100 today. The lien has not yet been satisfied; however, we are working with the IRS on a payment plan.
1/13/2003
Customer Dispute
Settled
Allegations
CLAIMANT ALLEGES, INTER ALIA, COMMON LAW AND STATUTORY SECURITIES VIOLATIONS IN CONNECTION WITH TRANSACTIONS FROM MARCH 2000 THROUGH APRIL 2002, AS WELL AS FRAUD, BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY, NEGLIGENCE AND UNSUITABILITY.
Damage Amount Requested
$366,733.00
Settlement Amount
$110,000.00
Broker Comment
CLAIMANT VOLUNTARILY DISMISSED MR. JOHNSTON AS A PARTY TO THIS MATTER. MORGAN STANLEY AGREED TO SETTLE THIS MATTER WITH CLAIMANT FOR $110,000, IN ORDER TO AVOID THE COST AND UNCERTAINTY OF LITIGATION.
A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.
IA
Investment Adviser
An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.
Disclosures
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.