CLIENT ALLEGES MISREPRESENTATION RELATING TO A CORPORATE DEBT INVESTMENT. ACTIVITY DATES 02/11/2005-02/22/2005.

$103,609.00

THIS IS A RESPONSE TO THE CUSTOMER COMPLAINT ON 01/22/2009 REGARDING A DISPUTE OVER A DEATH CLAIM THAT WAS REJECTED BY THE CORPORATE DEBT'S OBLIGOR. AFTER THE CUSTOMER COMPLAINT WAS DENIED WITH NO PAYMENT, THE CUSTOMER FILED A CIVIL COMPLAINT, IN WHICH I WAS NOT A NAMED PARTY. THE BOND'S OBLIGOR PAID THE DEATH PUT TO THE BENEFICIARY TO SETTLE THE MATTER BEFORE ANY RESPONSIVE PLEADINGS FOR THE CIVIL COMPLAINT WERE DUE.

STANDARD BROKERAGE SERVICES, INC.

Voluntary Resignation

WRONGFUL TAKING OF THE FIRMS PROPERTY, SOLICITING AND SELLING NON-APPROVED PRODUCTS, SELLING AWAY, UNSUITABLE RECOMMENDATIONS AND DISCLOSUTE OF CONFIDENTIAL INFORMATION FOR PROFIT. NOT PROVIDED AN INTERNAL REVIEW FO THE REPRESENTATIVES OFFICES REVEALED THE MIS- APPROPRIATION BY MR. KOZOLE OF 59 NEW ACCOUNT APPLICATIONS, 57 CUSTOMER FILES AND REFERRAL LOGS. ALSO MISAPPROPRIATED, WERE STANDARD FEDERAL BANK (SFB) INDIVIDUAL EMPLOYEE REFERRAL FORMS AND CUSTOMER ACCOUNT LISTS. AFTER HIS TERMINATION HE HAS VIOLATED HIS EMPOLOYEE CONFIDENTIALITY AGREEMENT BY SOLICITING BOTH SFB AND STANDARD BROKERAGE CUSTOMERS. ADDITIONALLY HE HAS INTRODUCED SFB CUSTOMERS LIVING OUTSIDE HIS LICENSED/ REGISTERED JURISDICTION TO AN INDEPENDENT AGENT TO TRANSACT BUSINESS.

STANDARD BROKERAGE SVCS' (SBS) ALLEGATIONS ARE COMPLETELY WITHOUT MERIT. THE CLIENT ACCOUNTS IN QUESTION WERE MINE PRIOR TO MY ASSOCIATION WITH SBS AND NOT THE PROPERTY OF SBS. UPON LEAVING SBS, I DID NOT SOLICIT ANY CLIENTS THAT WERE OBTAINED WHILE ASSOCIATED WITH SBS. I SOLD EXCLUSIVELY FOR SBS FROM THE APPROVED LIST AND/OR TRADES WERE EXECUTED ON AN UNSOLICITED BASIS. EACH CLIENT WAS PROFILED AND SUITABLE RECOMMENDATIONS WERE MADE BASED ON THEIR INDIVIDUAL GOALS. I DID NOT AT ANY TIME "SELL AWAY" FROM SBS. I VOLUNTARILY TERMINATED MY ASSOCIATION WITH SBS FOR A BETTER OPPORTUNITY.