The client alleged that her prior advisor sold her a variable universal life insurance policy in March 1995 that was not suitable, and that her former and current advisor removed funds from her accounts without permission and made unauthorized changes to the policy.

$24,339.85

The clients alleged that a variable universal life insurance policy was sold to them in October 1999, and there was misstatements and falsehoods associated with the sale. The clients also alleged that the subsequent servicing advisor committed elder abuse by recommending that the client's parents continue to fund the policy.

$186,000.00

CLAIMANTS ALLEGE THAT THE RESPONDENTS ACTIVELY MISMANAGED THEIR ACCOUNTS.THEY CLAIM THAT FROM DECEMBER 1998 TO AUGUST 2000,THEY WERE RECOMMENDED UNSUITABLE INVESTMENTS INCLUDING VARIABLE ANNUITIES, A WRAP ACCOUNT,AND EQUITY FUNDS.THEY CLAIM THAT THE INCURRED MARKET LOSSES OF APPROXIMATELY $30,000. CLAIMANTS SEEK $45,000 IN COMPENSATORY DAMAGES PLUS UNSPECIFIED PUNITIVE DAMAGES.

$45,000.00

$6,200.00

CLIENTS ALLEGE I MISHANDLED THEIR INVESTMENTS AND I DID NOT PROPERLY DISCLOSE THE RISK WITHIN THEIR INVESTMENTS CAUSING LOSSES. THEY WANT TO BE MADE WHOLE AND LIQUIDATE ALL THEIR MONEY FROM AEFA WITH NO PENALTIES.

$35,980.24

THE FIRM FOUND THE CLIENTS RECEIVED ADEQUATE DISCLOSE IN REGARDS TO THE FEATURES AND RISKS OF THEIR INVESTMENTS. THE FIRM FOUND NO EVIDENCE TO SUBSTANTIATE THE CLIENTS WERE MISLED BY THE ADVISOR

CLIENT ALLEGED HER INVESTMENTS WERE NOT MIDERATE RISK AND HER VARIABLE UNIVERSAL LIFE POLICY WAS DEPLETED DUE TO MISMANAGMENT.

$15,654.00

THE FIRM FOUND THE VUL POLICY WAS SUITABLE GIVEN THE CLIENTS GOALS AND OBJECTIVES. FURTHER, THE CLIENT FAILED TO PAY PREMIUMS FOR THE LONG TERM CARE POLICY AND ALLOWED THE POLICY TO LAPSE.