SANDERS MORRIS LLC

SANDERS MORRIS LLC of HOUSTON, TX is an SEC-registered investment adviser (CRD 20580). Regulatory assets under management: $576.1M.

Registration

Business model

Compensation: % of AUM, Fixed, Performance.

Clients served: Individuals, High net worth, Pooled vehicles, Pensions, Charities, Investment cos.

Officers, owners & control persons (58)

Showing 25 of 58 people.

NameRoleLocation
Lee HaskellBOARD OF MANAGER; BOARD OF MANAGERS; DIRECTOR (+2 more)New York, NY
George Lester BallCHAIRMAN OF THE BOARD (9/2015); REGISTERED ASSOCIATE
David William BlockOPERATIONS MANAGER
Arthur Haag ShermanMANAGER; MANAGER, GENERAL COUNSEL; OWNER
Erick George Revelle KueblerCHIEF EXECUTIVE OFFICER; MANAGER, PRESIDENT
Stephen Michael MangoldCHIEF COMPLIANCE OFFICER; CHIEF EXECUTIVE OFFICER
Paul Douglas LyonsFINOP, PRINCIPAL FINANCIAL OFFICER
GORMLEY STEPHEN KEVINBOARD OF MANAGERS; DIRECTOR; MANAGER (+1 more)
LESSARD RUSSELL JANCHIEF COMPLIANCE OFFICER
JALLANS LESLIE BERNARDCHIEF COMPLIANCE OFFICER
ROBERTS BRIAN KEITHCFO & FINOP
MCMAKEN BRUCE ROBERTBOARD OF MANAGERS; EXECUTIVE VICE PRESIDENT – CORPORATE; EXECUTIVE VICE PRESIDENT / DIRECTOR
ANDERSON THOMAS JOHNCCO/CROP; CHIEF COMPLIANCE OFFICER/CROP
BALL GEORGE LESTERBOARD OF MANAGERS; CEO AND CHAIRMAN OF THE BOARD (9/2015); CHAIRMAN (+7 more)
BERRY RICKY LANESENIOR VICE PRESIDENT
EDELMAN FREDRIC MARKBOARD OF MANAGERS; DIRECTOR; DIRECTOR AND CHIEF EXECUTIVE OFFICER (+3 more)
MOORE EDWARD PHILIPBOARD OF MANAGERS; DIRECTOR AND CHIEF EXECUTIVE OFFICER; DIRECTOR AND EXECUTIVE VICE PRESIDENT (+2 more)
HAYES WILLIAM PATRICKGENERAL COUNSEL AND SECRETARY; GENERAL COUNSEL AND SECRETARY; AND BOARD OF MANAGERS (09/2015); GENERAL COUNSEL AND SECRETARY / DIRECTOR
SHERMAN ARTHUR HAAGMANAGER; MANAGER, ASSOCIATE GENERAL COUNSEL; MANAGER, GENERAL COUNSEL (+2 more)
MORRIS BEN TILLMANPRESIDENT, CEO
CORNE ROBERT JEFFERYFINOP / VICE PRESIDENT
SANDERS BYRON ANTHONYBOARD OF MANAGERS; CHAIRMAN OF EXECUTIVE COMMITTEE
HUNT DAVID LEEBOARD OF MANAGERS; CHIEF COMPLIANCE OFFICER; CHIEF COMPLIANCE OFFICER, PRINCIPAL OPERATIONS OFFICER (+1 more)
BRUNO JOHN KENNETHSENIOR VICE PRESIDENT; SENIOR VICE PRESIDENT, WEALTH MANAGEMENT
WONG HOWARD YOKCHUNCFO/FINOP; CFO/FINOP & VICE PRESIDENT

Disclosures (60)

Showing 10 of 15 distinct disclosure events.

InitiatedTypeAllegationsStatusAmount
2014-12-31regulatoryON DECEMBER 28, 2012, AS A RESULT OF AN INACCURATE DEFERRED TAX BALANCE CALCULATION, THE FIRM INACCURATELY CALCULATED ITS EXCESS NET CAPITAL. BASED ON THIS INACCURATE NET CAPITAL CALCULATION, ON DECEMBER 28, 2012, THE FIRM'S BOARD OF DIRECTORS AUTHORIZED A DISTRIBUTION TO ITS OWNERS. IN CONNECTION W…Final$85K
2013-07-03regulatoryTHE SECRETARY OF STATE OF MISSISSIPPI ISSUED A NOTICE OF INTENT TO IMPOSE ADMINISTRATIVE PENALTIES AND TO SUSPEND THE FIRM'S REGISTRATION ALLEGING THAT A FORMER REGISTERED REPRESENTATIVE OF THE FIRM VIOLATED RULE 523(3) IN 2003 WHEN HE MADE A RECOMMENDATION TO A 90-YEAR OLD CLIENT TO PURCHASE A PROM…Final$25K
2012-12-21regulatoryFINRA RULES 2010, 7450, NASD RULE 3010 - SANDERS MORRIS HARRIS INC. FAILED TO TRANSMIT REPORTABLE ORDER EVENTS (ROES) TO THE ORDER AUDIT TRAIL SYSTEM (OATS) ON NUMEROUS BUSINESS DAYS. THE FIRM'S SUPERVISORY SYSTEM FAILED TO DESIGNATE AN APPROPRIATELY REGISTERED PRINCIPAL(S) WITH AUTHORITY TO CARRY O…Final$50K
2012-08-07regulatorySECURITIES EXCHANGE ACT RULES 15C3-1, 17A-3, 17A-11, FINRA RULES 2010, 2360, NASD RULES 2110, 2860, 3010, 3011(A), 3011(B), 3011(C), 3110, MSRB RULE G-41 - SANDERS MORRIS HARRIS INC., ACTING THROUGH TWO PRINCIPALS, FAILED TO REASONABLY SUPERVISE A REGISTERED REPRESENTATIVE. THE PRINCIPALS FAILED TO…Final$150K
2012-07-11regulatoryFINRA RULE 2010, NASD RULES 2110, 2210 - REGISTERED REPRESENTATIVES OF SANDERS MORRIS HARRIS, INC. DISTRIBUTED PIECES OF HEDGE FUND ADVERTISING MATERIAL TO RETAIL CUSTOMERS THAT FAILED TO DISCLOSE RISKS ASSOCIATED WITH INVESTING IN HEDGE FUNDS, CONTAINED CHARTS OR GRAPHS THAT WERE UNCLEAR AND OMITTE…Final$75K
2012-03-22regulatorySECURITIES EXCHANGE ACT OF 1934 RULE 17A-3, FINRA RULES 3730(A), 6730(C)(8) - SMH CAPITAL INC. N/K/A SANDERS MORRIS HARRIS INC. FAILED TO ACCURATELY REPORT THE EXECUTION TIMES OF TRANSACTIONS IN CORPORATE DEBT SECURITIES AND FAILED TO TIMELY REPORT THE TRANSACTIONS IN TRADE REPORTING AND COMPLIANCE…Final$10K
2009-09-28regulatoryNASD RULES 2110, 6230, 6230(A) - SMH CAPITAL, INC. FAILED TO REPORT TO THE TRADE REPORTING AND COMPLIANCE ENGINE (TRACE) 99 TRANSACTIONS IN TRACE-ELIGIBLE SECURITIES WITHIN 15 MINUTES OF THE TIME OF EXECUTION. THIS CONDUCT CONSTITUTES SEPARATE AND DISTINCT VIOLATIONS OF NASD RULE 6230(A) AND A PATTE…Final$8K
2009-04-06regulatoryNASD RULE 6955(A)- FIRM FAILED TO TRANSMIT REPORTABLE ORDER EVENTS TO THE ORDER AUDIT TRAIL SYSTEM OVER 849 BUSINESS DAYS.Final$65K
2008-11-20regulatoryTHE APPLICANT FAILED TO REQUIRE TWO AGENTS OF AN INDEPENDENT FINANCIAL ADVISOR ASSOCIATED WITH APPLICANT'S NETWORK TO OBTAIN REGISTRATION AND LICENSING EXAMS PRIOR TO PROVIDING INVESTMENT ADVISORY SERVICES IN TEXAS. THE APPLICANT FAILED TO ENFORCE A SYSTEM REASONABLY DESIGNED TO ACHIEVE COMPLIANCE W…Final$30K
2008-10-14regulatoryDURING THE FIRST QUARTER OF 2006, THE FIRM FAILED TO REPORT TO TRACE 397 TRANSACTIONS IN TRACE-ELIGIBLE SECURITIES WITHIN 15 MINUTES OF THE TIME OF EXECUTION.Final$5K

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