complainant alleges rep misrepresented features of Variable Annuity purchased

$5,000.00

Kentucky

Bosch admitted to LPL and Independent Financial Partner's staff that he deposited client funds into his personal account.

Order

Bar (Permanent)

All Capacities

Permanent

3/8/2018

Civil and Administrative Penalty(ies)/Fine(s)

$60,000.00

Customer alleging funds deposited may have been misappropriated and mishandled by rep.

$5,000.00

Complainant alleges 401k rollover check was never deposited into account.

$36,322.65

$36,322.65

CUSTOMERS PROVIDED MONIES TO FINANCIAL ADVISOR INTENDED FOR INVESTMENT IN DECEMBER 2011. UNBEKNOWNST TO CUSTOMERS, FINANCIAL ADVISOR DEPOSITED MONIES INTO HIS OWN BANK ACCOUNT. OVER TIME, FINANCIAL ADVISOR PROVIDED CUSTOMERS WITH PURPORTED ACCOUNT STATEMENTS REFLECTING THE VALUE OF THEIR INVESTMENT ACCOUNT, AND REMITTED MONIES TO THEM OVER TIME AS PURPORTED "WITHDRAWALS" FROM THAT ACCOUNT. CUSTOMERS REQUESTED RETURN OF NET AMOUNT MONIES THEY HAD INTENDED TO INVEST AND PURPORTED GAINS ACHIEVED, LESS MONIES RECEIVED.

$23,064.02

$23,064.02

Complainant alleges rep misrepresented features of a VA rider.

$5,000.00

CUSTOMER ALLEGES MISREPRESENTATION OF VARIABLE AND FIXED ANNUITIES.

$26,392.30

FINRA

Without admitting or denying the findings, Bosch consented to the sanctions and to the entry of findings that during the course of an investigation into allegations that he converted customer funds and generated false account statements to conceal his misconduct, he refused to respond to FINRA's request for documents and information. The findings stated that Bosch acknowledged that he received FINRA's request and will not produce the information requested at any time.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

6/10/2016

IFP Advisors, Inc.

Voluntary Resignation

Representative resigned during Firms review of allegations that advisor deposited client funds into a personal bank account and provided client with false account statements to conceal such deposit.

LPL Financial LLC

Voluntary Resignation

Representative resigned during Firms review of allegations that advisor deposited client funds into a personal bank account and provided client with false account statements to conceal such deposit.

CLIENT ALLEGES THAT IN 1990 MR BOSCH ARRANGED FOR A LOAN AGAINST [CUSTOMER] TRANSAMERICA LIFE INSURANCE POLICY TO FUND A NEW METLIFE INSURANCE POLICY. THE CLIENT ALLEGES THAT THE LOAN FUNDS ERE SENT TO MY OFFICE AND THEREAFTER ENDORSED AND APPROPRIATED BY HIM. AS PART OF A SETTLEMENT, METLIFE RESINDED [CUSTOMER'S] INSURANCE POLICY AND REFUNDDED THE PREMIUMS PAID. METLIFE WAS UNABLE TO SUBSTANTIATE THE MISSAPPROPRATION ALLEGATIOINS. AS PART OF THE SETTLEMENT IT WAS AGREED THAT [CUSTOMER] COULD PURSUE THE ISSUE ON HIS OWN.

$4,450.00

$112,872.14

CLIENT COMPLAINED THAT THE INVESTMENT CHOICE WAS NOT APPROPITATE FOR HER NEEDS.

$9,676.96