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David Hugh Bindelglass of Paramus New Jersey is a stockbroker formerly registered with Morgan Stanley who has been fired on December 20, 2017 founded on accusations that Bindelglass executed unauthorized transactions in customer accounts and made unsuitable investment recommendations to a customer.

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Bindelglass has been referenced in six customer initiated investment related disputes containing allegations of Bindelglass’ violative conduct during the period that he was associated with First Institutional Securities, Citigroup Global Markets, Inc., and Morgan Stanley Smith Barney. Specifically, a customer initiated investment related arbitration claim that pertained to Bindelglass’ conduct was settled for 9,000.00 in damages based upon accusations that Bindelglass made unsuitable recommendations to the customer regarding mutual funds and technology-sector over-the-counter equities. National Association of Securities Dealers (NASD) Arbitration No. 06-03908 (Nov. 19, 2007).

Subsequently, a customer initiated investment related arbitration claim involving Bindelglass’ conduct was settled for $36,000.00 in damages supported by allegations of Bindelglass having made stock recommendations that were not suitable for the customer. FINRA Arbitration No. 10-00996 (May 11, 2011). Thereafter, a customer was awarded $156,267.17 in damages according to an investment related arbitration claim involving Bindelglass’ improper conduct in which Morgan Stanley was found liable on the customer’s claims of negligence, breach of contract, failure to disclose, and unsuitable investment recommendations. FINRA Arbitration No. 14-01573 (Oct. 30, 2015).

Further, a customer initiated investment related arbitration claim regarding Bindelglass’ activities was resolved for $750,000.00 in damages founded on accusations of misrepresentation and suitability relating to municipal debt transactions placed in the customer’s account between 2008 and 2015. FINRA Arbitration No. 16-00861 (Aug. 28, 2017). On March 7, 2018, another customer initiated investment related written complaint that pertained to Bindelglass’ conduct was resolved for $5,657.26 in damages based upon allegations that unsuitable transactions had been placed in the customer’s in-house money manager investment account.

Bindelglass has been associated with Cantella & Co., Inc. since January 4, 2018.

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