Claimant generally alleges suitability, breach of contract, negligent supervision, and breach of fiduciary duty.

$400,000.00

THE CLIENT AND I MET A REPRESENTATIVE OF A HEDGE FUND IN 2004. THE CLIENT SUBSEQUENTLY INVESTED $200,000 DIRECTLY WITH THE FUND IN 2005. I RECEIVED NO COMPENSATION.

$200,000.00

$162,000.00

THE [CUSTOMER] COMPLIANT WAS SETTLED BEFORE ARBITRATION BY THE B/D QA3 WHO PERFORMED THE DUE DILIGENCE AND ALSO OBTAINED E&O COVERAGE FOR THE HEDGE FUNDS. THE COMPLIANT WAS SETTLED PM 12/09/2008 WITH A SETTLEMENT FROM QA3 IN THE AMOUNT OF $162,000.00 I DID NOT PARTICIPATE FINANCIALLY AND WAS CLEARED OF ANY WRONG DOING.

COMPLAINT IS FOR LOSS OF MONIES DUE TO INVESTMENT IN A BROKER DEALER APPROVED HEDGE FUND. THE COMPLAINING PARTY IS AN ACCREDITED INVESTOR AND IS NOT A CLIENT. REP HAS KNOWN HIM SOCIALLY FOR MANY YEARS AND GAVE HIM A REFERRAL TO A MANAGEMENT DIRECTOR OF A HEDGE FUND, WHICH HE SUBSEQUENTLY INVESTED $250K DIRECTLY WITH THE MANAGER OF THE HEDGE FUND. THE PROSPECTIVE CLIENT HAD NO WRITTEN AGREEMENT WITH REP OR REP'S FIRM AND REP RECEIVED NO COMPENSATION.

$250,000.00

$175,000.00

THE COMPLIANT LOST MONIES IN A PRE-APPROVED HEDGE FUND. QA3 AND THE E&O CARRIER FOUND I ACTED PROPERLY AND DENIED THE COMPLAINTS CLAIM. QA3 FILED FOR BANKRUPTCY LEAVING ME THE TARGET OF THE LITIGATION AND FILED A CIVIL SUIT AGAINST ME. THE COMPLAINT IS FROM AN ACCREDITED INVESTOR AND WAS NOT A CLIENT OF MINE OR MY FIRM. I HAD NO WRITTEN AGREEMENT AND RECEIVED NO COMPENSATION. HE INVESTED DIRECTLY WITH HE HEDGE FUND. JUDGE RULED ME 70% RESPONSIBLE.

CLIENT ALLEGES THAT I MADE RECOMMENDATIONS IN JANUARY OF 2001 THAT EXCEEDED HIS RISK TOLERANCE

$70,000.00

CLIENT DID NOT CLAIM OR REQUEST DAMAGES IN LETTER. AMERICAN EXPRESS CALCULATED ALLEGED DAMAGES THAT WERE NOT VERIFIABLE NOR WERE THEY REQUESTED BY THE CLIENT. CLIENT THEN TRIED TO SETTLE FOR $15,000. AMEX DENIED COMPLAINT AND FOUND IT TO BE UNJUSTIFIED AS CLIENT'S STATED INVESTMENT OBJECTIVES AND RISK TOLERANCE WERE IN LINE WITH CHOSEN INVESTMENTS.

FROM MAY 2000 THROUGH MARCH 2001 THE CLIENTS' ATTORNEY ALLEGES THAT I PLACED THE CLIENTS IN UNSUITABLE INVESTMENTS, TRADED ON MARGIN AGAINST THE CLIENTS' INSTRUCTIONS, AND TOOK DISCRETION IN EXECUTING TRADES.

$2,000,000.00

OUR REVIEW FOUND THAT THE CLIENT WAS PLACED IN SUITABLE INVESTMENTS THAT ALIGNED WITH HIS FINANCIAL GOALS/OBJECTIVES, INVESTMENT HISTORY AND RISK TOLERANCE. THE CLIENT COMPLETED AND SIGNED THE REQUIRED DOCUEMNTS AUTHORIZING TRADES TO BE PLACED ON MARGIN. ALL TRADING ACTIVITY WAS DONE WITH CLIENT APPROVAL.