ALLEGED UNSUITABLE INVESTMENT RECOMMENDATIONS, ALLEGED MISREPRESENTATIONS.

$32,000.00

$24,000.00

INVESTMENT MANAGEMENT & RESEARCH, INC

Permitted to Resign

NONE I REPRESENTED TO GEORGEE GEPHART (CLIENT) THAT HE WOULD RECEIVE A REFUND OF UNUSED PREMIUMS FROM TWO TERM LIFE INSURANCE CONTRACTS IF HE MAICED THE POLICIES TO THE INSURANCE COMPANY WITH A CANCELUATION REQUEST FOR THE PRO-RATA REFUND OF $1100. CLIENT PROCEEDED WITH THE REQUEST. THE INSURANCE CO DENIED THE REFUND. I AGREED TO PAY CLIENT $1100

I PAID GEORGE GEPHART $1100 TO SETTLE HIS COMPLAINT HE SIGNED A RELEASE GEORGE GEPHART WAS A VALUED CLIENT. HE HAD PURCHASED MANY POLICIES FROM ME IN THE PAST AND WAS A 6000 SOURCE OF REFERRACS I MISTAKENLY INFORMED HIM THAT HE WAS ENTITLED TO A REFUND WHEN THE INSURANCE COMPANY REFUSED. I MISTAKENLY FAILED TO REPORT THE COMPLAINTING I OFFERED TO MAKE GOOD THE REFUND RATHER THAN LOSE THE CLIENT.