CLIENT ALLEGES SHE TOLD THE FINANCIAL ADVISOR SHE DID NOT WANT TO INVEST IN THE STOCK MARKET OR IN MUTUAL FUNDS. SHE CLAIMS SHE WAS TOLD SHE WOULD BE INVESTED IN TAX-FREE MUNICIPAL BONDS BUT LATER LEARNED HER MONEY WAS INVESTED IN A TAX-FREE MUNI BOND MUTUAL FUND THAT WENT DOWN IN VALUE. CLIENT IS REQUESTING RECOVERY OF LOSSES.

$5,000.00

AFTER COMPLETION OF THE FIRM'S INVESTIGATION INTO CLIENT'S ALLEGATIONS, CLAIM WAS DENIED.

UNSUITABILITY; MISREPRESENTATION; OMISSION OF FACTS, COMMON LAW FRAUD; BREACH OF FIDUCIARY DUTY; AND NEGLIGENCE. THE CAUSES OF ACTION RELATE TO CLAIMANT'S INVESTMENTS IN GROWTH FUND OF AMERICA, CAPITAL WORLD GROWTH & INCOME FUND, BOND FUND OF AMERICA, CAPITAL WORLD BOND FUND, AND CASH MANAGEMENT TRUST OF AMERICA. UNLESS SPECIFICALLY ADMITTED IN ITS ANSWER, RSPONDENT DENIED THE ALLEGATIONS MADE IN THE STATEMENT OF CLAIM AND ASSERTED VARIOUS AFFIRMATIVE DEFENSES.

$22,075.00

PAMELA TEGGE WAS A SUBJECT OF THE CUSTOMER'S STATEMENT OF CLAIM ALLEGING TEGGE AND HER MEMBER FIRM CAUSED SALES PRACTICE VIOLATIONS. THE ARBITRATOR FOUND TEGGE'S MEMBER FIRM LIABLE FOR COMPENSATORY DAMAGES IN THE AMOUNT OF $13,228.00 PLUS INTEREST AT THE RATE OF 8% PER ANNUM ACCRUING FROM THE DATE OF THE AWARD UNTIL THE DATE OF PAYMENT OF THE AWARD.