CLAIMANT ALLEGES 1) VIOLATION OF 10(B) AND RULE 10(B)(5) OF THE SECURITIES EXCHANGE ACT OF 1934; 2) BREACH OF CONTRACT; 3) COMMON LAW FRAUD; 4) NEGLIGENCE; AND 5) BREACH OF FIDUCIARY DUTY FROM APPROXIMATELY 2005 TO NOVEMBER 2008.

$4,873.50

THE REPRESENTATIVE ADAMANTLY DENIES ALL ALLEGATIONS ASSOCIATED WITH THIS MATTER. THIS WAS A CLASS ACTION BROUGHT AGAINST MORE 250 DEFENDANTS. THE REPRESENTATIVE CHOSE TO SETTLE FOR A MINOR MONETARY CONTRIBUTION IN LIEU OF THE EXORBITANT COST OF TIME AND MONEY ASSOCIATED IN DEFENDING THE ALLEGATIONS.

CLIENT IS ALLEGING 1.) NEGLIGENCE AND BREACH OF FIDUCIARY DUTY; AND 2.) BREACH OF CONTRACT IN CONNECTION WITH AN INVESTMENT IN A PROMISSORY NOTE ON 11/17/2006.

$50,000.00

CLAIMANTS WERE ACCREDITED INVESTORS WHO INVESTED A SMALL PORTION OF THEIR ASSETS IN THIS PROMISSORY NOTE PROGRAM. THIS INVESTMENT WAS SUITABLE FOR CLAIMANTS AND ALL RISKS ASSOCIATED WITH THEIR INVESTMENT WERE DISCLOSED TO CLAIMANTS. IT IS IMPORTANT TO NOTE THAT I WAS NOT NAMED AS A RESPONDENT IN THIS COMPLAINT. SHORTLY AFTER FILING THE COMPLAINT, CLAIMANTS WITHDREW THE COMPLAINT BECAUSE IT WAS WHOLLY WITHOUT MERIT. THERE WAS NO SETTLEMENT OF ANY KIND.

CLIENT IS ALLEGING: 1) FAILURE TO DISCLOSE FEES; 2) FAILURE TO DISCLOSE SURRENDER PERIODS; 3) FAILURE TO FOLLOW INSTRUCTIONS; 4) POOR SERVICE AND 5) MISREPRESENTATION, AMONG OTHERS.

$20,313.60

CLIENT WAS APPRISED OF ALL FEES AND SURRENDER PERIODS THROUGH VERBAL COMMUNICATION AND HE ALSO SIGNED A DISCLOSURE AGREEMENT ACKNOWLEDGING SUCH. I REMAINED IN CONSTANT COMMUNICATION WITH CLIENT AND ADDRESSED ALL OF HIS QUESTIONS AND CONCERNS IN A TIMELY MANNER. THE CLIENT'S CLAIMS ARE WITHOUT MERIT.

THE CLIENT ALLEGED THAT SHE WAS PROVIDED UNSUITABLE INVESTMENT RECOMMENDATIONS AND DID NOT RECEIVE FULL DISCLOSURE WHEN SHE AGREED TO AN INVESTMENT ALLOCATION USING CLASS B MUTUAL FUNDS IN 2002.

$35,000.00

$28,000.00

THE FIRM (AEFA) AGREED TO REIMBURSE THE CLIENT'S CLASS B CONTINGENT DEFERRED SALES CHARGE OF APPROXIMATELY $28,000.

THE CLIENT ALLEGED THAT SHE DID NOT RECEIVE DISCLOSURE ABOUT THE DIFFERENCE BETWEEN CLASS A AND CLASS B MUTUAL FUNDS, RIGHTS OF ACCUMULATION, OR A LETTER OF INTENT. THE CLIENT STATED THAT SHE INVESTED OVER $500,00 BEGINNING IN 2002.

$5,000.00

$18,000.00

THIS WAS AN ISSUE THAT OCCURED WHILE THE REPRESENTATIVE WAS AT AEFA. THE REPRESENTATIVE HAS STATED THAT THE REP DENIES ANY AND ALL WRONGDOING IN CONNECTION WITH [CUSTOMER'S] ACCOUNT. AMERICAN EXPRESS SETTLED THIS MATTER WITHOUT CONSULTATION, CONSENT OR CONTRIBUTIONS FROM THE ADVISOR.