James Samuel Mewhinney III of Dallas Texas a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related written complaint on November 19, 2018 in which the customer requested $550,000.00 in damages based upon accusations that while Mewhinney was associated with Morgan Stanley: (1) Mewhinney effected trades in the customer’s account on an excessive basis and (2) Mewhinney placed the customer in closed end funds that were not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on December 23, 2008, a customer initiated investment related complaint regarding Mewhinney’s activities was resolved for $2,200,000.00 in damages supported by allegations that the customer suffered unwarranted losses from the auction rate securities investment transactions executed in the customer’s account while Mewhinney was associated with UBS Financial Services Inc.
Mewhinney’s registration with Morgan Stanley has been terminated as of August 6, 2018.
