[REDACTED] and [REDACTED] invested $95,000 in oil leases on their own accord and loss $83,000 after the CEO of IGOT Oil committed fraud.

$83,000.00

$20,000.00

The [REDACTED] decision to invest in the oil leases was made on their own accord and I received no compensation for the referral to the oil company.

The [REDACTED] invested $50,000 in the Donnelly Fund, a private placement fund that failed. Also invested $120,000 in oil leases on their own accord that eventually failed due to IGOT Oil CEO fraud. Total loss of $132,999 after distributions.

$132,999.00

$43,500.00

The [REDACTED] decision to invest in the oil leases was made on their own accord and I received no compensation for the referral to the oil company.

COMPLAINANT ALLEGES THAT THE PRODUCER MISREPRESENTED THE VARIABLE UNIVERSAL LIFE POLICIES THAT HE SOLD TO THE COMPLAINANT AND HER HUSBAND IN 2010. IT WAS THEIR UNDERSTANDING THAT THEY HAD PURCHASED WHOLE LIFE INSURANCE POLICIES.

THE COMPLAINANT ALLEGES THAT THE REPRESENTATIVE SOLD HER AND HER HUSBAND A VARIABLE UNIVERSAL LIFE POLICY IN 2004 THAT COULDN'T MAINTAIN ITSELF, CAUSING THEM TO LOSE MONEY.

$15,000.00

MML INVESTORS SERVICES, INC.

Discharged

TERMINATED IN CONNECTION WITH UNAPPROVED PRIVATE TRANSACTION.

CLIENT ALLEGES THAT THE REGISTERED REPRESENTATIVE FAILED TO PROCESS A REQUEST TO HAVE HER SPOUSES LIFE INSURANCE COVERAGE INCREASED.

$9,000,000.00

$300,000.00

IN 2007, [SPOUSE], A FINANCIAL PLANNING CLIENT SINCE 1995, UNEXPECTEDLY PASSED AWAY FORM A MOTORCYCLE ACCIDENT. DURING A MEETING ONE MONTH PRIOR TO [SPOUSE'S] PASSING, I MET WITH [SPOUSE] AND [CUSTOMER] TO DISCUSS INVESTMENT IDEAS FOR REAL ESTATE PROCEEDS THEY EXPECTED TO RECEIVE IN THE NEXT MONTH. I HAD SUGGESTED WHEN WE RECONVENE AFTER THEY RECEIVE THEIR INVESTMENT PROCEEDS THAT [SPOUSE] SHOULD CONSIDER INCREASING HIS LIFE INSURANCE FROM $1M TO $1.5M-$2M. UNFORTUNATELY, [SPOUSE] PASSED PRIOR TO OUR FOLLOW UP MEETING. HE HAD $1,000,000 OF LIFE INSURANCE IN WHICH I INVESTED FOR [CUSTOMER] TO PROVIDE FOR HER PLANNING NEEDS. IN JULY OF 2009, [CUSTOMER] FILED A COMPLAINT WITH MASSMUTUAL STATING THAT SHE REQUESTED $10M OF COVERAGE ON [SPOUSE] AND IT WAS NOT IMPLEMENTED. THIS WAS A COMPLETE FABRICATION AND MASSMUTUAL DID A FULL INVESTIGATION AND FOUND NO BASIS TO SUPPORT THE ACCUSATION. [CUSTOMER] THEN PROCEEDED TO FILE A CIVIL CLAIM FOR $9M AGAINST MASSMUTUAL AND ME FOR FAILING TO IMPLEMENT THE $10M OF COVERAGE THAT [CUSTOMER] STATED SHE REQUESTED. THIS CASE CONCLUDED IN 2/2011 WITH MY E&O CARRIER PAYING [CUSTOMER] $300,000 FOR A CASE. MY E&O CARRIER CHOSE TO CLOSE THE CASE AS OPPOSED TO GOING THROUGH THE HIGH COST OF A TRIAL. THE CASE CLOSED WITH NO FAULT ON MY PART IN AUGUST 2011.

ALLEGES THAT IN 2006, THE PRODUCER BROKERED A LOAN FOR HIM TO GLOBAL WINE GROUP, INC., WHICH WAS AN INVESTMENT THAT WAS IN DIRECT CONTRADICTION TO THE FINANCIAL PLAN THAT THE PRODUCER HAD PREPARED.

$163,000.00

THE ACCUSATION STATED IN [CUSTOMER'S] COMPLAINT IS INACCURATE. I DID NOT BROKER OR RECEIVE ANY COMPENSATION RELATED TO [CUSTOMER'S] INVESTMENT. I HAVE MAINTAINED MY FIDUCIARY RESPONSIBILITIES APPROPRIATELY BY PROVIDING ADVICE AND MANAGEMENT OF [CUSTOMER'S] 1 RETIREMENT ACCOUNT AND NO OTHER INVESTMENT VEHICLES FOR THE EIGHT YEARS HE WAS MY CLIENT. I DID NOT BROKER ANY LOAN ON BEHALF OF GLOBAL WINE. I DID NOT RECEIVE ANY COMPENSATION FOR THE NOTE PURCHASE BY [CUSTOMER] NOR DID I PROVIDE ANY SERVICE RELATED TO THE TRANSACTION. I ONLY MENTIONED THE GLOBAL WINE NOTES TO [CUSTOMER] OUT OF A CASUAL CONVERSATION AND KNOWING HIS EXPERIENCE IN ISSUING HIGH RISK HARD MONEY LOANS TO INDIVIDUALS. THE NOTE PURCHASE [CUSTOMER] MADE WAS CLEARLY HIS CHOICE AND RISK HE ASSUMED. IT WAS CLEARLY STATED TO [CUSTOMER] TO DIRECT ANY AND ALL QUESTIONS RELATED TO THE COMPANY TO [THIRD PARTY]. THIS WAS NEVER PART OF HIS FINANCIAL PLANNING RECOMMENDATIONS FOR WHICH I MANAGED ON HIS BEHALF. THE CASE SETTLED IN MEDIATION ON 2/28/2012 FOR AN AWARD OF $163,000 ($133,000 FROM MY E&O CARRIER AND $30,000 FROM MML INVESTORS). WE FEEL THIS WAS NOT A JUST SETTLEMENT BUT THE CARRIER WAS MOTIVATED TO CLOSE THE CASE AND CUT ANY ADDITIONAL EXPENSE TOWARD A POSSIBLE TRIAL.