Alleged excessive trading and inappropriate investments between 2008 and 2021.

$815,157.00

$85,000.00

Client alleged unsuitable investments and unauthorized trading in her account during the time period 2012-2016.

$300,000.00

$75,000.00

Allegations appear to focus on one equity recommendation in late 2015 that suffered market losses. Client's total out-of-pocket losses during relevant time period were approximately $25,000, far less than claimed amount.

MERRILL LYNCH

Discharged

PERMITTED FAMILY MEMBERS TO ENTER TRANSACTIONS, FAILURE TO MAKE PROPER RECOMMENDATIONS, FEE BASED BUSINESS MODEL NOT CONSISTANT WITH FIRM GUIDELINES

CLAIMANTS ALLEGE THAT FA MADE UNSUITABLE INVESTMENTS BY ENGAGING IN HIGHLY SPECULATIVE INVESTMENTS WHICH RESULTED IN LARGE LOSSES. CLAIMANTS ALLEGE THAT FA MADE MISREPRESENTATIONS AND FAILED TO FOLLOW INSTRUCTIONS IN CONNECTION WITH THE SALE OF SECURITIES. CLAIMANTS ALLEGE THAT FA CAUSED A MARGIN DEBT WITHOUT AUTHORIZATION AND WITHOUT EXPLANATION AS TO RISKS. CLAIMANTS FURTHER ALLEGE THAT FA CHURNED THEIR ACCCOUNTS WITH MOTIVE TO MAXIMIZE COMMISSIONS. DAMAGES ALLEGED TO BE OVER $100,000.

$95,000.00

MATTER WAS SETTLED TO AVOID THE EXPENSE AND UNCERTIANTY OF ARBITRATION.

MISREPRESENTATION OF SIPC WHEREBY CLIENT BELIEVED HE WAS INSURED AGAINST TRADING LOSSES IN IRA ACCOUNT. DAMAGES OF $11,320.

$11,320.00

$12,137.67

SMITH BARNEY SETTLED FOR $12,137.67. I PAID NO PORTION OF THIS SETTLEMENT. Not Provided

[CUSTOMER] SOUGHT COMPENSATORY DAMAGES TOTALING $30,114.32 AND PUNITIVE DAMAGES PURSUANT TO SECTION 10 (B) OF THE SECURITIES AND EXCHANGE ACT OF 1934

$30,114.32

$12,560.00

RESPONDENTS, SHALL PAY [CUSTOMER], REFERRED TO AS CLAIMANT, THE SUM OF $12,560.00, REPRESENTING COMPENSATORY DAMAGES TO CLAIMENT FOR THE PORTION OF COMMISSIONS RESULTING FROM EXCESSIVE AND UNAUTHORIZED TRADING BY RESPONDENTS. CLIENT HAD ASKED ME, TO REVIEW HIS UNIT TRUST POSITIONS TO HELP ESTABLISH A TAX LOSS VS CAPITAL GAINS HE TOOK EARLIER IN THE YEAR. AFTER NUMEROUS APPOINTMENTS AND PROPOSALS CLIENT AGREED TO NUMBER OF BONDSWAPS WHICH OFFSET GAINS AND INCREASED HIS YIELD OF HIS PORTFOLIO. AFTER 3 YEARS CLAIMANT SOLD THE UNIT WHICH HE PURCHASED AT SMITH BARNEY, WITH ANOTHER BROKER, AND TRIED TO PLACE BLAME ON SMITH BARNEY. CLIENT NEVER HAD COMPLAINED DURING ANY DEALINGS AT SMITH BARNEY, ONLY AFTER SECOND-GUESSING 3 YEARS OLD TRADES. AFTER UNITS WERE SOLD BY ANOTHER FIRM AFTER BEING MISINFORMED BY OUTSIDE SOURCES INCURRING LOSSES.