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CLIENT ALLEGED HER ADVISOR MADE AN UNSUITABLE RECOMMENDATION IN AUGUST 2007.
Damage Amount Requested
$8,728.09
Broker Comment
THE FIRM FOUND THE ADVISOR'S VARIABLE ANNUITY RECOMMENDATION APPEARED APPROPRIATE BASED IN THE CLIENT'S STATED GOALS AND OBJECTIVES AT THE TIME OF PURCHASE.
4/7/2003
Customer Dispute
Denied
Allegations
THE CLIENT ALLGED I DID NOT PROTECT HER ACCOUNTS FROM LOSSES OR ADVISE HER TO REALLOCATE HER INVESTMENTS TO SECURE HER ACCOUNT VALUE
Damage Amount Requested
$105,000.00
Broker Comment
THE FIRM OFUND THE CLIENT PROVIDED WRITTEN INSTRUCTIONS TO INVEST IN THE BEST PERFORMING MUTUAL FUNDS AND DISREGARDED MY RECOMMENDAITONS TO DIVERSIFY. THE CLIENT AGREED TO REALLOCATE SELECT INVESTMENTS INTO MORE CONSERVATIVE MUTUAL FUNDS IN JUNE 2001, BUT OPTED NOT TO MAKE ANY CHANGES DURING SUBSEQUENT CONVERSATIONS.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
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Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.