THE CUSTOMER ALLEGES I RECOMMENDED A SUBSEQUENT INVESTMENT INTO AN ACCOUNT SUBJECT TO A 72(T) DISTRIBUTION PLAN WHICH RESULTED IN ADVERSE INCOME TAX CONSEQUENCES.

$6,382.00

$6,382.00

CUSTOMER ALLEGES I FAILED TO INFORM HIM OF POSSIBLE TAX PENALTIES ASSOCIATED WITH RETIRING BEFORE AGE 59 1/2.

$15,000.00

ALLEGED MISSTATEMENTS RELATED TO EMPLOYEE'S DECISION TO TRANSFER FROM A NON-PFS INVESTMENTS DEFINED BENEFIT PLAN TO A NON PFS INVESTMENTS DEFINED CONTRIBUTION PLAN

$36,217.00

A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS AND BARRED BY THE APPLICABLE STATUE OF LIMITATIONS, INCLUDING THIS ONE AGAINST ME. AFTER WINNING SEVERAL COURT CASES ON STATUTE OF LIMITATIONS ISSUES, TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

ALLEGED MISSTATEMENTS RELATED TO EMPLOYEE'S DECISION TO TRANSFER FROM A NON-PFS INVESTMENTS DEFINED BENEFIT PLAN TO A NON PFS INVESTMENTS DEFINED CONTRIBUTION PLAN

$60,035.00

A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS AND BARRED BY THE APPLICABLE STATUE OF LIMITATIONS, INCLUDING THIS ONE AGAINST ME. AFTER WINNING SEVERAL COURT CASES ON STATUTE OF LIMITATIONS ISSUES, TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

ALLEGED MISTATEMENTS RELATED TO EMPLOYEE'S DECISION TO TRANSFER FROM A NON-PFS INVESTMENTS DEFINED BENEFIT PLAN TO A NON PFS INVESTMENTS DEFINED CONTRIBUTION PLAN

$53,745.00

A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS AND BARRED BY THE APPLICABLE STATUE OF LIMITATIONS, INCLUDING THIS ONE AGAINST ME. AFTER WINNING SEVERAL COURT CASES ON STATUTE OF LIMITATIONS ISSUES, TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

ALLEGED MISSTATEMENTS RELATED TO EMPLOYEE'S DECISION TO TRANSFER FROM A NON-PFSI INVESTMENTS DEFINED BENEFIT PLAN TO A NON PFS INVESTMENT DEFINED CONTRIBUTION PLAN

$30,861.00

A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS AND BARRED BY THE APPLICABLE STATUE OF LIMITATIONS, INCLUDING THIS ONE AGAINST ME. AFTER WINNING SEVERAL COURT CASES ON STATUTE OF LIMITATIONS ISSUES, TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

ALLEGED MISSTATEMENTS RELATED TO EMPLOYEE'S DECISION TO TRANSFER FROM A NON-PFS INVESTMENTS DEFINED BENEFIT PLAN TO A NON PFS INVESTMENTS DEFINED CONTRIBUTION PLAN

$31,971.00

A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS AND BARRED BY THE APPLICABLE STATUE OF LIMITATIONS, INCLUDING THIS ONE AGAINST ME. AFTER WINNING SEVERAL COURT CASES ON STATUTE OF LIMITATIONS ISSUES, TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

ALLEGED MISSTATEMENTS RELATED TO EMPLOYEE'S DECISION TO TRANSFER FROM A NON-PFS INVESTMENTS DEFINED BENEFIT PLAN TO A NON PFS INVESTMENTS DEFINED CONTRIBUTION PLAN

$37,802.00

A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS AND BARRED BY THE APPLICABLE STATUE OF LIMITATIONS, INCLUDING THIS ONE AGAINST ME. AFTER WINNING SEVERAL COURT CASES ON STATUTE OF LIMITATIONS ISSUES, TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

ALLEGED MISSTATEMENTS RELATED TO EMPLOYEE'S DECISION TO TRANSFER FROM A NON-PFSI INVESTMENTS DEFINED BENEFIT PLAN TO A NON PFS INVESTMENTS DEFINED CONTRIBUTION PLAN

$126,730.00

A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS, INCLUDING THIS ONE AGAINST ME. TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

ALLEGED MISSTATEMENTS RELATED TO EMPLOYEE'S DECISION TO TRANSFER FROM A NON-PFS INVESTMENTS DEFINED BENEFIT PLAN TO A NON PFS INVESTMENTS DEFINED CONTRIBUTION PLAN

$38,639.00

A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS AND BARRED BY THE APPLICABLE STATUE OF LIMITATIONS, INCLUDING THIS ONE AGAINST ME. AFTER WINNING SEVERAL COURT CASES ON STATUTE OF LIMITATIONS ISSUES, TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

ALLEGED MISSTATEMENTS RELATED TO EMPLOYEE'S DECISION TO TRANSFER FROM A NON-PFS INVESTMENTS DEFINED BENEFIT PLAN TO A NON PFS INVESTMENTS DEFINED CONTRIBUTION PLAN

$42,616.00

A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS AND BARRED BY THE APPLICABLE STATUE OF LIMITATIONS, INCLUDING THIS ONE AGAINST ME. AFTER WINNING SEVERAL COURT CASES ON STATUTE OF LIMITATIONS ISSUES, TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

ALLEGED MISSTATEMENTS RELATED TO EMPLOYEE'S DECISION TO TRANSFER FROM A NON-PFS INVESTMENTS DEFINED BENEFIT PLAN TO A NON PFS INVESTMENTS DEFINED CONTRIBUTION PLAN

$37,345.00

A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS AND BARRED BY THE APPLICABLE STATUE OF LIMITATIONS, INCLUDING THIS ONE AGAINST ME. AFTER WINNING SEVERAL COURT CASES ON STATUTE OF LIMITATIONS ISSUES, TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

ALLEGED MISSTATEMENTS RELATED TO EMPLOYEE'S DECISION TO TRANSFER FROM A NON-PFS INVESTMENTS DEFINED BENEFIT PLAN TO A NON PFS INVESTMENTS DEFINED CONTRIBUTION PLAN

$46,399.00

A LAW FIRM BROUGHT A NUMBER OF COOKIE-CUTTER CASES AGAINST PFS INVESTMENTS, INC. (PFSI), AND SEVERAL OF ITS REGISTERED REPRESENTATIVES, THAT PFSI BELIEVES WERE SPECIOUS AND BARRED BY THE APPLICABLE STATUE OF LIMITATIONS, INCLUDING THIS ONE AGAINST ME. AFTER WINNING SEVERAL COURT CASES ON STATUTE OF LIMITATIONS ISSUES, TO AVOID INCURRING ENORMOUS LEGAL FEES AND COST TO DEFEND THE REST OF THE ARBITATION AND COURT CASES TO A SUCCESSFUL CONCLUSION, PFSI SETTLED WITH ALL THE REMAINING CLAIMANTS AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT. THE SETTLEMENT BENEFITS ARE IN THE NATURE OF DEFERRED MONTHLY PAYMENTS THAT BEGIN IN 2024.

ALLEGED MISSTATEMENTS RELATED TO EMPLOYEES' DECISION TO TRANSFER FROM NON-PFSI DEFINED BENEFIT PLAN TO NON-PFSI DEFINED CONTRIBUTION PLAN.

$53,180.00

ALL CLAIMS AGAINST ME (MIKE WELLS) IN THIS MATTER (FINRA CASE NO. 13-00210) WERE SEVERED FROM THIS PROCEEDING BY THE ARBITRATION PANEL. ONLY MICHAEL ZIBRIN REMAINED A CLAIMANT IN THIS MATTER AFTER SEVERED AND MR. ZIBRIN MADE NO CLAIMS AGAINST ME (MIKE WELLS).

CUSTOMERS ALLEGE THEY INCURRED MARKET LOSSES DUE TO UNSUITABLE INVESTMENT RECOMMENDATIONS.

$200,000.00

$28,000.00

THIS MATTER WAS RESOLVED BY THE FIRM FOR LESS THAN THE COST OF DEFENDING THE MATTER. NO WRONGDOING WAS FOUND, AND I WAS NOT ASKED TO CONTRIBUTE TO THE SETTLEMENT.

CUSTOMER ALLEGES THAT THE 72(+) WITHDRAWAL PROGRAM SHE SELECTED WAS NOT APPROPRIATE FOR HER.

$56,551.00

CUSTOMER ALLEGED FAILURE TO DISCLOSE A TAX-RELATED ISSUE REGARDING HIS EMPLOYER'S RETIREMENT PLAN

$31,000.00

$30,000.00