CLAIMANT ALLEGES THEIR FINANCIAL ADVISER RECOMMENDED INVESTMENTS THAT WERE UNSUITABLE.

$500,000.00

$95,000.00

Customer alleges on or about September 2014 through October 2016, registered representative invested client's funds in approximately $110,000 in an unsuitable and high risk REITs and BDC's.

$110,000.00

Firm repurchased one non-traded REIT and two BDCs for their current net asset value.

CLIENT ALLEGES THAT THE PRODUCT SOLD TO HER ON MARCH 4, 2010 WAS NOT SUITABLE.

$15,668.25

THE CUSTOMERS ALLEGE THAT THE MY RECOMMENDATION TO REPLACE 2 EXISTING POLICIES WITH A NEW VARIABLE UNIVERSAL LIFE POLICY IN OR ABOUT 2001 WAS NOT IN THEIR BEST INTEREST. THEY REQUESTED A FULL REFUND, BUT DID NOT PROVIDE A SPECIFIC DOLLAR AMOUNT.

CUSTOMERS WERE GIVEN THE CHOICE OF KEEPING MINN. LIFE POLICIES AND THE NEW MONY POLICIES OR REPLACING THEM AS THEY FELT THEY WANTED MY SERVICES TO CONTINUE. THEY DECIDED ORIGINALLY TO KEEP THE MINN LIFE POLICIES AND LATER INSTRUCTED ME TO SURRENDER THEM. THEY HAD FULL DISCLOSURE REGARDING SURRENDER VALUES & CHARGES AND WERE NOT PURSUADED TO SWITCH. THIS WAS ULTIMATELY THEIR DECISION. I WAS NEVER MADE AWARE OF ANY PROBLEM UNTIL I STARTED THE PROCESS OF CHANGING B/DS. MONY TOLD ME THEY FOUND NOTHING WRONG WITH THE TRANSACTION. UPDATE: MONY SAID THE INFORMATION IN THEIR FILES DID NOT SUPPORT THE CUSTOMER'S ALLEGATIONS. THE CUSTOMET ALSO FAILED TO RESPOND TO MONY'S REPEATED REQUESTS FOR ADDITIONAL INFORMATION. THEY EVENTUALLY DENIED CLINET'S REQUEST FOR RENUMERATION.

CLIENTS, THROUGH THEIR SON WHO HAS POWER OF ATTORNEY, QUESTION THE SUITABILITY OF USING THE CASH VALUE OF THEIR LIFE INSURANCE POLICY TO FUND A VARIABLE ANNUITY CONTRACT. THE CLIENTS FURTHER ALLEGED THAT THEY WERE NOT MADE AWARE OF THE TAX CONSEQUENCES OF SUCH A TRANSACTION. IN A FOLLOW UP LETTER FROM THE CLIENTS ATTORNEY DATED 3/21/02, ADDITIONAL ALLEGATIONS OF UNAUTHORIZED TRADING, FRAUD, BREACH OF FIDUCIARY DUTY AND FORGERY WERE MADE. CLIENTS SEEK $10,000, WHICH REPRESENTS THE VALUE OF THE LIFE INSURANCE POLICY THAT WAS SURRENDERED TO FUND THE VARIABLE ANNUITY CONTRACT, PLUS THE REIMBURSEMENT OF ANY TAXES THAT THEY WILL INCUR AS A RESULT OF THE MANDATORY WITHDRAWALS.

$10,000.00

$29,243.97

MONY SETTLED BY REISSUING [CUSTOMER]'S VA CONTRACT AS A NON-QUALIFIED ONE AND AGREED TO PROVIDE A $10,000 DEATH BENEFIT FOR THE CONTRACT. [CUSTOMER]'S VA CONTRACT WAS RESCINDED AND A FULL REFUND ($27.886.47) WAS ISSUED. MONY ALSO REIMBURSED THE [CUSTOMERS] FOR ATTORNEY'S FEES OF $1,357.50.

POSS. W/ INTENT TO DISTRIBUTE CONTROLLED SUBSTANCE. MARIJUANA POSS. OF LSD (SIMPLE POSS.) NO INTENT./FELONY/PLEA-GUILTY

FELONY

73 CR 9555 FELONY- 5 YRS PROBATION PAY FINE & COURT COST- PAID COSTS & FINE & PROBATION WAIVED AFTER 1 YEAR 73 CR 11780 FELONY- 5 YRS PROBATION : PAY FINE & COURT COSTS- PAID COSTS-FINE & PROBATION WAIVED AFTER 1 YEAR.

I WOULD LIKE TO EXPLAIN PREVIOUS INFORMATION: I WAS AT THE TIME AN IMMATURE COLLEGE SOPHMORE, QUESTIONING EVERYTHING- I REJECTED ALL MY MORAL & ETHICAL UPBRINGING. I WAS REJECTING ALL AUTHORITY INCLUDING MY RELATIONSHIP WITH GOD. IT. PAID FINE AND PROBATION DISMISSED AFTER ONE YEAR. BEST EVENT OF MY LIFE-HAVE NOT USED DRUGS SINCE THAT TIME IN 1972. WAS ONLY AFTER MY ARREST THAT I REALIZED HOW FOOLISH I HAD BEEN. I SUBMITTED MY DESIRES & REBELLION TO GOD & LITERALY DID A 100 DEGREE TURN. I HAVE NOT USED DRUGS SINCE THIS EXPERIENCE & WENT ON TO GRADUATE MAGNACUM LAUDE WITH UNDERGRADUATE DEGREES IN HORTICULTURE & BUSINESS.

I WAS CHARGED AND CONVICTED OF POSSESSION OF MARIJUANA AND LSD - I PLEADED GUILTY WAS FINED 10,000 AND GIVEN 5 YEARS PROBATION. AFTER 2 YEARS THE PROBATION WAS DROPPED.

FELONY

FELONY - 5 YRS PROBATION; 10,000 FINE - I PAID THE FINE AND SERVED 2 YEARS OF THE PROBATION AT WHICH TIME MY PROBATION OFFICER TESTIFIED THAT IT WOULD SERVE NO CONSTRUCTIVE PURPOSE FOR ME TO CONTINUE MY PROBATION. I WAS IN HIS OPINION CHANGED AND RE-HABILITATED.

I WAS IN COLLEGE AT THE TIME. IN THE SCHOOL OF DESIGN STUDYING ARCHITECTURE. I WAS EXPERIMENTING WITH DRUGS AND FORTUNATELY I WAS CAUGHT. THAT EVENT TURNED MY LIFE AROUND. I HAVE NEVER USED DRUGS SINCE AND CREDIT GOD WITH THAT AS WELL AS THE OFFICERS THAT ARRESTED ME. I AM A CHRISTIAN AND AM VERY ACTIVE IN MY LOCAL CHURCH AS WELL AS ON THE BOARD OF A NON-PROFIT BIBLE CAMP IN N.C.