THE EXECTRIX OF THE CLIENT'S ESTATE ALLEGES THAT THE IE BOUGHT SPECULATIVE STOCKS IN WHICH PAINEWEBBER WAS A MARKET MAKER IN 1998 RESULTING IN A LOSS OF $23,150. PRODUCTS INCLUDE MICROSOFT, TWA, CENDANT, SHERWIN WILLIAMS, AND OPEN MARKET, INC.
$23,150.00
$14,000.00
CLIENT ALLEGES, THROUGH ATTORNEY, FUNDS FROM THEIR CHASE ACCOUNT FAILED TO TRANSFER TIMELY TO THEIR ACCOUNT AT ANOTHER FINANCIAL INSTITUTION.
$1,000,000.00
$62,500.00
J.P. MORGAN SECURITIES LLC
Discharged
MASSACHUSETTS
CLEMENTE HAS BEEN THE SUBJECT OF MORE THAN (10) CUSTOMER COMPLAINTS ALLEGING, INTER ALIA, MISREPRESENTATION, EXCESSIVE TRADING, ACCOUNT-RELATED FAILURE TO SUPERVISE, FAILURE TO FOLLOW INSTRUCTIONS, CHURNING, UNAUTHORIZED TRADING AND MAKING UNSUITABLE RECOMMENDATIONS WHILE EMPLOYED AT VARIOUS BROKER-DEALERS SINCE 1984. THE ALLEGATIONS AGAINST CLEMENTE RESULTED IN THE PLACEMENT OF CONDITIONS ON HIS REGISTRATION AS AN AGENT OF TTC.
