Client alleges poor handling and advising of accounts

$20,000.00

Alleges unsuitable investments

$426,536.00

$125,000.00

$92,955.35

Tax

This tax lien is actively being resolved with a professional tax relief company.

POA FOR CUSTOMER ALLEGES UNSUITABLE MUTUAL FUND INVESTMENTS.

LPL Financial LLC

Discharged

Concerns regarding UIT and mutual funds sales practices.

Without warning and without customer complaint, my license with LPL Financial was terminated for reasons stated above, and with no further explanation. I maintain that I have always acted in the best interest of my clients and had no opportunity to rebut any presumptions made by the firm.

BREACH OF FIDUCIARY DUTY, NEGLIGENCE, MISREPRESENTATIONS, FRAUD, CHURNING, SUITABILITY.

EVIDENCE SHOWED CLAIMANT WITHDREW MOST OF THE MONEY DEPOSITED WITH RESPONDENTS AND ACTUALLY HAD A TRADING PROFIT IN HER ACCOUNTS. IN AN EFFORT TO KEEP UP WITH CLAIMANTS WITHDRAWALS, RESPONDENTS ACKNOWLEDGE UTILIZING MORE AGGRESSIVE INVESTMENT STRATEGIES-WITH CLAIMANT'S KNOWLEDGE AND APPROVAL. CLAIMANT SOLD OUT AND MOVED ACCOUNT AT THE MARKET BOTTOM IN 2002. PANEL AWARDED CLAIMANT LESS THAN 3.25% OF HER REQUESTED AMOUNT.

CLAIMANT ALLEGES UNAUTHORIZED TRANSACTIONS, UNSUITABLE INVESTMENTS AND CHURNING. DAMAGES SPECIFIED AS $9,898.00.

$9,898.00

$2,740.00

"UNAUTHORIZED TRANS" AND "CHURNING" CLIENT WAS IN A WRAP FEE ACCOUNT AND PAID NO TRANSACTION FEES, THEREFORE "CHURNING" WAS NOT POSSIBLE. PROGRAM (PRUCHOICE)AUTOMATIALLY REALLOCATES ACCOUNT SYSTEMATICALLY; TRANSACTIONS OCCUR PERIODICALLY WITHOUT ADDITIONAL FEES. THESE TRNSACTIONS WERE PRE-AUTHORIZED, IN WRITING, AT BEGINNING OF PROGRAM."UNSUITABLE INVESTMENTS": CLIENT VERBALLY AUTHORIZE CHANGE IN INVESTMENTS. BROKER RECEIVED NO ADDITIONAL COMPENSATION OR TRANSACTIONAL FEE OF ANY KIND IN ENACTING THIS CHANGE. CLIENT'S ACCOUNT DID NOT LOSE MONEY. THIS CASE WAS NOT DECIDED BY HEARING. BROKER NEVER PRESENTED HIS CASE IN PERSON, WHERE DIALOGUE COULD CLARIFY ALL ISSUES.