Donald Anthony Sanders of Houston Texas a stockbroker formerly employed by Sanders Morris Harris LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $18,000.00 in damages supported by accusations that Sanders executed an investment strategy involving stock trading that failed to conform to the customer’s objectives for investing. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02429 (Nov. 6, 2017).
FINRA Public Disclosure reveals that Sanders is referenced in five additional customer initiated investment related disputes pertaining to allegations of his misconduct while employed with Sanders Morris Harris LLC and E.F. Hutton. Particularly, a customer initiated investment related civil action involving Sanders’ conduct was settled for $150,000.00 in damages founded on accusations that Sanders engaged in deceptive trade practices, negligently transacted in the customer’s account, breached his fiduciary obligations to the customer, and committed fraud. Case No. 89-13333.
On February 26, 2010, a customer initiated investment related complaint concerning Sanders’ activities was resolved for $58,299.99 in damages based upon allegations that Sanders placed the customer in a limited partnership that was illiquid, which failed to conform to the customer’s objectives for investing. Then, a customer initiated investment related civil action involving Sanders’ conduct was settled for $2,150,000.00 in damages supported by accusations that omissions had been made regarding the operations and earnings of the company.
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