Time Frame: September 2, 2020 to October 14, 2020 What were the allegations against the individual? The client alleges that her Financial Advisor failed to follow her instructions to complete and submit the necessary documents so her assets would not be escheated to the state. The alleged damages are in excess of $5,000.00.

$190,775.45

TIME FRAME: FEBRUARY 1, 2005 - AUGUST 20, 2010. CLIENT'S ALLEGE THE INAPPROPRIATE ALLOCATION OF THEIR FUNDS AS WELL AS THE INAPPROPRIATE INVESTMENT VEHICLES THOSE FUNDS WERE INVESTED WITHIN DUE TO THEIR AGE AND INVESTMENT OBJECTIVES. THE ALLEGED DAMAGES ARE ESTIMATED TO BE IN EXCESS OF $5,000.

$5,000.00

THE COMPLAINT AROSE OUT OF THE SALE OF AN AUCTION RATE SECURITY (ARS) THAT WAS MADE PRIOR TO THE WIDESPREAD ILLIQUIDITY IN THE ARS MARKET THAT OCCURRED IN FEBRUARY 2008

$725,000.00

THE COMPLAINT AROSE IN CONNECTION WITH THE INDUSTRY WIDE BREAKDOWN OF THE LIQUIDITY IN THE MARKET FOR AUCTION RATE SECURITIES ("ARS"). THE FIRM AGREED TO REPURCHASE THE ARS SECURITIES AT ISSUE AT PAR VALUE FROM THE CLIENT PURSUANT TO A GLOBAL REPURCHASE AGREEMENT IT ENTERED INTO WITH SEVERAL REGULATORY BODIES. THIS WAS NOT A SETTLEMENT OF A DISPUTE BETWEEN THE CLIENT AND THE REPRESENTATIVE AND WAS NOT BASED ON THE MERITS OF THE CLIENT'S SPECIFIC CONCERNS OR ANY FINDING OF FAULT OR WRONGDOING BY THE NAMED REPRESENTATIVE. THE NAMED REPRESENTATIVE WAS NOT A PARTY TO, AND DID NOT AGREE TO OR PARTICIPATE IN, THE REPURCHASE AGREEMENT BETWEEN THE FIRM AND THE RELEVANT REGULATORY BODIES. THE NAMED REPRESENTATIVE DID NOT MAKE ANY PAYMENTS TO THE CLIENT AND THE NAMED REPRESENTATIVE WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE SETTLEMENT AMOUNT. THE LISTED "SETTLEMENT AMOUNT" REPRESENTS ONLY THE GROSS INITIAL PAR VALUE OF THE ARS POSITION AND DOES NOT TAKE INTO ACCOUNT THE ACTUAL VALUE OF THE ARS POSITION AT THE TIME THE FIRM RECEIVED IT BACK FROM THE CLIENT IN CONNECTION WITH THE SETTLEMENT. THIS MATTER IS BEING REPORTED AS A SETTLEMENT PURSUANT TO THE REQUIREMENTS OF FINRA REGULATORY NOTICE 09-12.

CLAIMANT ALLEGES UNSUITABILITY AND UNAUTHORIZED TRADING BY FINANCIAL CONSULTANT IN AN IRA. CONJECTURAL AND UNSPECIFIED DAMAGES OF $200,000.00 ARE ALLEGED.

$200,000.00

$65,000.00

CLAIM SETTLED FOR $65,000.00 TO AVOID THE EXPENSES AND UNCERTAINITIES OF AN ANITCIPATED LENGTHY ARBITRATION. ALL CLAIMS OF WRONGDOING AND ALL CLAIMS FOR DAMAGES ARE DENIED.