RedFlag, Allegation and/or Complaint against WILLIAM CHRISTIAN MORINE
Disclosure #1 for WILLIAM MORINE
- Event Date: 6/17/1992
- Disclosure Type: Judgment / Lien
- Disclosure Resolution:
- Disclosure Detail :: Judgment/Lien Amount: $54,000.00
- Judgment/Lien Type: Civil
- Broker Comment: UNFULFILLED PAYMENTS ON A PROMISSORY NOTE FOR INSTALLMENTS AS A LIMITED PARTNER IN A REAL ESTATE PARTNERSHIP OUTSTANDING JUDGMENT OF $54,000 IMPORTANT:PLEASE NOTE THAT THE MATTER ABOVE CONCERNS THE APPLICANT AT THE TIME IN WHICH HE WAS A PRIVATE INVESTOR WITH NO TIES WITH THE SECURITIES OR INSURANCE INDUSTRY. IN 1985, WILLIAM MORINE AND WIFE PAMELA BOUGHT A HALF UNIT OF A REAL ESTATE LIMITED PARTNERSHIP UPON RECOMMENDATION OF A FINANCIAL PLANNER. IN 1989, GENERAL PARTNER ANNOUNCED IMPENDING BANKRUPTCY. AN ESTIMATED 55 OF THE 88 LIMITED PARTNERS THEN DEFAULTED ON THIER PROMISSORY NOTES, ALLEGING MISMANAGEMENT BY THE GENERAL PARTNER. RECEIVERS WENT TO COURT TO COLLECT OUTSTANDING PAYMENTS FROM LIMITED PARTNERS. WILLIAM MORINE HAS RETAINED COUNSEL ON THE MATTER: JAMES J. KAUFMAN, KAUFMAN & GREEN LLP, 2002 EASTWOOD RD, WILMINGTON, NC 28403 (910)256-5135. ———————————————————— ADDENDUM: APRIL 29, 2005. IN SEPTEMBER, 2003, WILLIAM MORINE ERRORONEOUSLY STATED THE JUDGMENT ABOVE HAD BEEN DISMISSED. THE JUDGMENT HAD BEEN EXPUNGED FROM MR. MORINE’S CREDIT RECORDS BECAUSE MORE THAN TEN YEARS HAD ELAPSED SINCE THE JUDGMENT HAD BEEN LEVIED, AND IN MOST STATES, JUDGMENTS ARE VACATED AFATER TEN YEARS. IN CHECKING WITH THE COURT OF JURISDICTION IN NEW YORK STATE, HOWEVER, JUDGMENTS REMAIN IN EFFECT FOR TWENTY YEARS IF NOT SATISFIED. THEREFORE, THE JUDGMENT AGAINST MR. MORINE WILL REMAIN IN EFFECT UNTIL JUNE 17, 2012. NO ATTEMPT HAS BEEN MADE TO COLLECT THE JUDGMENT FROM MR. MORINE.
Should I file a FINRA complaint against brokers like WILLIAM CHRISTIAN MORINE?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
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Originally reported on November 17, 2022 @ 8:32 pm