SC RESIDENT PURCHASED ING VA ON 5/10/07, CLIENT CLAIMS THEY THOUGHT THEY HAD A FIXED PRODUCT WITH A GUARANTEED RATE OF RETURN. WOULD LIKE TO BE REIMBURSED FOR LOSS OF ABOUT $21,000

$21,000.00

THE FIRM REVIEW DID NOT REVEAL ANY EVIDENCE OF WRONGDOING, ALL APPROPRIATE DISCLOSURE DOCUMENTS WERE SIGNED BY CLIENT INDICATING VARIABLE NATURE OF INVESTMENT. CLAIM OF WRONGDOING AND DEMAND FOR REIMBURSEMENT OF LOSSES WERE DENIED IN THEIR ENTIRETY.

SC RESIDENT HAS CLAIMED MISMANAGEMENT FROM HER BROKERAGE AND RETIREMENT ACCOUNTS FROM INCEPTION IN 2002. CLAIM IS FOR ALL LOSSES OF $154,204.40

$154,204.00

THE FIRM'S REVIEW OF THE MATTER DID NOT REVEAL ANY EVIDENCE OF WRONGDOING. THE CLAIM FOR DAMAGES WAS DENIED IN ITS ENTIRETY.

CLIENT ALLEGES UNAUTHORIZED AND UNSUITABLE INVESTMENTS WHICH RESULTED IN TAX CONSEQUENCES AND MISSED OPPORTUNITY TO EARN GUARANTEED RATE OF RETURN FROM NOVEMBER 2007 TO PRESENT.

$80,310.77

ATTORNEY FOR CLIENT ALLEGES INVESTMENTS ARE UNSUITABLE.

$43,597.00

WROTE TO CLIENT'S LAWYERS ON 9/23/02 AND ADVISED THEM THAT REVIEW OF ACCOUNT DISCLOSED THAT INVESTMENT WAS APPROPRIATE GIVEN CLIENT'S INVESTMENT OBJECTIVE AND EXPERIENCE AND THAT, CONTRARY TO STATEMENTS IN HER COMPLAINT LETTER, SHE DID HAVE EXPERIENCE IN EQUITIES AND MUTUAL FUNDS.. AT THE TIME OF THE FILING OF THE COMPLAINT, THE MARKET VALUE OF THE ANNUITY HAD DECLINED BY $43,597, BUT THE CONTRACT HAS A RETIREMENT INCOME GUARANTEE(RIG) VALUE WHICH WAS $139,951, HIGHER THAN PURCHASE PRICE. NO WRONGDOING FOUND. CLAIM DENIED.