BREACH OF FIDUCIARY DUTY, UNSUITABILITY, VIOLATIONS OF THE SECURITY REGULATORY RULES, VIOLATIONS OF TENNESSEE SECURITIES ACT, VIOLATIONS OF THE TENNESSEE CONSUMER PROTECTION ACT, AND COMMON LAW CLAIMS

$25,000.00

***UPDATE - THIS DISCLOSURE IS NO LONGER REPORTABLE ON THE CURRENT U4 BECAUSE IT WAS FILED MORE THAN 24 MONTHS AGO AND DID NOT SETTLE FOR $15,000 OR MORE** BURNETT WAS A SUBJECT OF THE CUSTOMER'S STATEMENT OF CLAIM FOR THIS ARBITRATION ALLEGING THAT HE WITH HIS MEMBER FIRM CONTRIBUTED TO THE SALES PRACTICE VIOLATIONS. ALL CLAIMS AGAINST HIS MEMBER FIRM WERE DENIED.

CLAIM ALLEGES UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 2004 AND 2007.

$32,150.00

CLAIM ALLEGES MISREPRESENTATION AND UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 2003 AND 2006.

$2,000,000.00

$260,000.00

THIS EVENT IS NO LONGER REPORTABLE.

CLAIM ALLEGES MISREPRESENTATION AND UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 2002 AND 2005.

$100,000.00

$7,000.00

AS OF 7/27/2012 THIS ITEM IS NO LONGER REPORTABLE.**

CLAIM ALLEGES MISREPRESENTATION AND UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 2003 AND 2006.

$173,399.19

CLAIM ALLEGES MISREPRESENTATION AND UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 2002 AND 2004.

$44,119.48

$2,500.00

CLAIM ALLEGES UNSUITABILITY AND MISREPRESENTATION WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 8/02 AND 9/07.

$14,000,000.00

CLAIM ALLEGES MISREPRESENTATION AND FAILURE TO DISCLOSE MATERIAL FACTS IN MARCH 2007 PRIOR TO MARKET DECLINE OF MUTUAL FUND. DAMAGES CLAIMED ARE UNSPECIFIED (BELIEVED TO BE IN EXCESS OF $5000).

UNDER INVESTIGATION.

CLAIM ALLEGES FAILURE TO FOLLOW INSTRUCTIONS AND POOR PERFORMANCE WITH REGARD TO THE RMK SELECT HIGH INCOME CLASS-A AND RMK SELECT INTERMEDIATE BOND-A-FUNDS. DAMAGES ARE UNSPECIFIED, BELIEVED TO BE IN EXCESS OF $5,000.

UNDER INVESTIGATION.**AS OF 8/21/2009 THIS ITEM IS NO LONGER REPORTABLE.