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THE CUSTOMES ALLEGE UNSUITABLE INVESTMENT RECOMMENDATIONS, FAILURE TO FOLLOW INSTRUCTIONS AND MISREPRESENTATION.
Damage Amount Requested
$100,000.00
Settlement Amount
$57,500.00
7/22/2011
Customer Dispute
Settled
Allegations
THE CUSTOMERS ALLEGE UNSUITABLE INVESTMENT RECOMMENDATIONS AND MISREPRESENTATION FROM JANUARY 2008.
Damage Amount Requested
$102,463.36
Settlement Amount
$77,500.00
7/6/2011
Customer Dispute
Settled
Allegations
THE CUSTOMERS ALLEGE UNSUITABLE INVESTMENT RECOMMENDATIONS AND MISREPRESENTATION FROM APRIL 2007 TO SEPTEMBER 2008.
Damage Amount Requested
$500,000.00
Settlement Amount
$35,000.00
6/30/2011
Customer Dispute
Settled
Allegations
THE CUSTOMERS ALLEGE UNSUITABLE INVESTMENT RECOMMENDATIONS AND MISREPRESENTATION FROM APRIL 2007 TO SEPTEMBER 2008.
Damage Amount Requested
$331,239.00
Settlement Amount
$160,000.00
5/3/2011
Customer Dispute
Settled
Allegations
THE CUSTOMER ALLEGES UNSUITABLE INVESTMENT RECOMMENDATIONS AND MISREPRESENTATION FROM NOVEMGER 2006 TO MAY 2008.
Damage Amount Requested
$900,000.00
Settlement Amount
$490,000.00
10/8/2009
Customer Dispute
Settled
Allegations
CLAIMANT ALLEGED UNSUITABLE INVESTMENT RECOMMENDATIONS AND OVER-CONCENTRATION OF FANNIE MAE AND FREDDIE MAE PREFERRED STOCKS.
Damage Amount Requested
$100,000.00
Settlement Amount
$58,000.00
6/15/2009
Customer Dispute
Settled
Allegations
THE CUSTOMER ALLEGES UNSUITABLE RECOMMENDATIONS AND MISREPRESENTATION REGARDING THE RISKS ASSOCIATED WITH THE SALE OF FANNIE MAE AND FREDDIE MAC PREFERRED STOCK INVESTMENTS.
Damage Amount Requested
$500,000.00
Settlement Amount
$42,000.00
Broker Comment
I DENY ANY WRONG-DOING CONCERNING THE CUSTOMER'S ACCOUNT. IN ADDITION, I WAS NOT ASKED TO, NOR DID I CONTRIBUTE, TO THE SETTLEMENT OF THIS MATTER.
5/21/2009
Customer Dispute
Settled
Allegations
THE CUSTOMERS ALLEGE UNSUITABLE INVESTMENT RECOMMENDATIONS, UNAUTHORIZED TRADING AND MISREPRESENTATION.
Damage Amount Requested
$370,000.00
Settlement Amount
$185,000.00
Broker Comment
I DENY ANY WRONG-DOING CONCERNING THE CUSTOMER'S ACCOUNT. IN ADDITION, I WAS NOT ASKED TO, NOR DID I CONTRIBUTE, TO THE SETTLEMENT OF THIS MATTER.
12/4/2008
Customer Dispute
Settled
Allegations
THE CUSTOMER ALLEGES UNSUITABLE INVESTMENT RECOMMENDATIONS AND MISREPRESENTATION REGARDING THE RISKS ASSOCIATED WITH THE SALE OF FANNIE MAE AND FREDDIE MAC PREFERRED STOCK INVESTMENTS. COMPENSATORY DAMAGES ARE NOT SPECIFIED.
Settlement Amount
$90,000.00
Broker Comment
I DENY ANY WRONG-DOING CONCERNING THE CUSTOMER'S ACCOUNT. IN ADDITION, I WAS NOT ASKED TO, NOR DID I CONTRIBUTE, TO THE SETTLEMENT OF THIS MATTER.
8/1/2005
Customer Dispute
Denied
Allegations
CLIENTS ALLEGE THEY WERE INAPPROPRIATELY ADVISED TO PURCHASE B SHARES OF HIGH RISK TECHNOLOGY MUTUAL FUNDS. THEY FURTHER ALLEGE THAT THEY RECEIVED NO DIRECTION AS THE INVESTMENTS LOST VALUE. REQUEST UNSPECIFIED COMPENSATION.
4/10/2003
Customer Dispute
Denied
Allegations
THE CLIENTS ALLEGE ALL OF THEIR HOLDINGS WERE LIQUIDATED IN THE FALL OF 2002 WITHOUT THEIR PERMISSION. CLIENTS REQUEST COMPENSATION FOR THE DIFFERENCE BETWEEN THEIR SALE PROCEEDS AND THE CURRENT VALUE OF THEIR INVESTMENTS, WHICH IS BELIEVED TO BE IN EXCESS OF $5000.00.
Broker Comment
THE COUPLE HAS SINCE BEEN DIVORCED AND I BELIEVE THIS TRADE WAS CREATED OUT OF THEIR DISPUTE. TO MY KNOWLEDGE THIS ISSUE HAS BEEN RESOLVED WITHIN [CUSTOMERS].
4/24/2002
Customer Dispute
Settled
Allegations
CLAIMANT ALLEGES THAT BROKER RECOMMENDED THE PURCHASE OF UNSUITABLE SECURITIES IN TWO UGMA ACCOUNTS SHE WAS CUSTODIAN OF IN JANUARY AND MAY OF 2000.
Damage Amount Requested
$30,770.00
Settlement Amount
$8,500.00
Broker Comment
I DENY ANY WRONG-DOING CONCERNING THE CUSTOMER'S ACCOUNT. IN ADDITION, I WAS NOT ASKED TO, NOR DID I CONTRIBUTE, TO THE SETTLEMENT OF THIS MATTER.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.