Skip Navigation Links

Arbitration Details

MORGAN STANLEY DW INC NFA ID: 0002490

An NFA Arbitration claim is a futures or forex related dispute involving a customer and an NFA Member (or employee) or Associate. It is not a regulatory action.
NFA only discloses information concerning arbitration cases that have been decided by an arbitration panel. NFA does not release the names of parties who have settled their parts in the cases. Furthermore, NFA does not report or release information on cases that closed before January 1, 1990, cases that are still pending, or cases that were settled, withdrawn or rejected. Therefore, the number of NFA Arbitration Decisions reflects the total number of claims filed in NFA Arbitration that were decided by an arbitration panel. These decisions may have been decided in favor of the Claimant or Respondent.
Effective January 1, 2000, NFA discloses the names of persons who represent parties in NFA customer arbitration proceedings if the matters were decided by an arbitration panel. As of the same date, customers may no longer ask NFA to keep their identities confidential.

Case Summary
 Case No.FiledDecision DateProduct
 95ARB0006904/11/199505/17/1996Futures (Domestic Exchange)
Summary of Parties
 CustomersMembersRepresentatives
•  MANAGEMENT & MARKETING COMPANY INC•  MORGAN STANLEY DW INC• JAY BOWEN
• JULIEN HOHENBERG
• JOHN JACOBSON
Proceeding Details
 Panel TypeNumber of ArbitratorsProceeding TypeLocation (City, State)
 NON-MEMBER3HEARINGNASHVILLE, TN
Summary of Awards and Claims
 Type Claim Amount Counter Claim 3rd Party Claim Cross Claim
 
Compensatory
Punitive
Treble
Interest
Attorney Fees
Costs
 Claim Award
$106,917.70$106,917.70
$0.00$0.00
$0.00$0.00
NA$14,947.50
NA$15,000.00
NA$1,794.17
 Claim Award
$0.00$0.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
 Claim Award
$0.00$0.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
 Claim Award
$0.00$0.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
Summary of Issues
INDEBTEDNESS, ATTORNEYS' FEES AND COSTS.

CUSTOMER RESPONDENT SHALL PAY TO DEAN WITTER REYNOLDS INC $138,659.37 PLUS POST-JUDGEMENT INTEREST.

PRE-JUDGEMENT INTEREST IS CALCULATED ON $106,917.70 USING A RATE OF 7.5% PER ANNUM FROM JUNE 29, 1994 UNTIL MAY 10, 1996. THE TOTAL AWARD SHALL BEAR POST-JUDGEMENT INTEREST AT THE RATE OF 7.5% PER ANNUM FROM MAY 10, 1996 UNTIL PAID. THE ALLOWANCE FOR REASONABLE ATTORNEYS' FEES BY THE PANEL IS MADE PURSUANT TO A PROVISION SET FORTH IN DEAN WITTER'S COMMODITY CUSTOMER AGREEMENT WITH CUSTOMER RESPONDENT.

 
NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.