When communicating online or investing with any professional, make sure you know who you’re dealing with. Imposters might link to sites like BrokerCheck from phishing or similar scam websites, or through social media , trying to steal your personal information or your money. Please contact FINRA with any concerns.
CLIENT ALLEGES MISREPRESENTATION REGARDING A DEBT-CORPORATE INVESTMENT. ACTIVITY DATES 05/07/2007 - 05/07/2007. THIS HAS BEEN MOVED TO ARBITRATION. CLIENT ALLEGES SUITABILITY REGARDING CIT GROUP BOND.
Damage Amount Requested
$36,000.00
Settlement Amount
$17,250.00
3/30/2005
Customer Dispute
Settled
Allegations
ALLEGATIONS ARE CONTAINED WITHIN A LETTER WRITTEN BY A PURPORTED REGISTERED INVESTMENT ADVISOR AND SIGNED BY CLIENT. LETTER QUESTIONS THE LIQUIDATION OF AN ANNUITY ON 1/28/04. LETTER ALSO ALLEGES UNSUITABILITY IN CONNECTION WITH THE PURCHASE OF A UIT ON 2/11/04. ADDITIONALLY, LETTER ALSO ALLEGES THE REGISTERED REPRESENTATIVE FAILED TO CONVEY POTENTIAL TAX RAMIFICATIONS IN CONNECTION WITH TRANSACTIONS.
Damage Amount Requested
$17,000.00
Settlement Amount
$2,889.00
12/15/2004
Customer Dispute
Denied
Allegations
CLIENT ALLEGES THE INVESTMENT SHE PURCHASED ON SEPTEMBER 17, 2004 WAS UNSUITABLE DUE TO HER CONSERVATIVE RISK TOLERANCE AND NET WORTH.
Damage Amount Requested
$8,369.00
Broker Comment
BASED UPON THE SUITABILITY INFORMATION PROVIDED BY THE CLIENT AND THE INVESTIGATION INTO THE ALLEGATIONS, THE INVESTMENT PURCHASED APPEARS SUITABLE.
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.