The client alleges the representative neglected to move his investment in a Real Estate Investment Trust to a more conservative investment.

$17,800.00

The Firm investigated the client's concerns and found them to be without merit.

CLIENT ALLEGES THAT HIS REPRESENTATIVE MISREPRESENTED THE POTENTIAL EARNINGS AND THE LIQUIDITY OF COLE REIT AND DID NOT PROVIDE HIM A PROSPECTUS PRIOR TO THE SALE OF THE PRODUCT. HE ALSO ALLEGES THAT THE COLE REIT WAS NOT A SUITABLE INVESTMENT IN THAT HE DID NOT HAVE SUFFICIENT NET WORTH TO INVEST IN THE PRODUCT.

THE CLIENT CONSIDERED THE MATTER TO BE RESOLVED WHEN THE THIRD PARTY REIT COMPANY PERMITTED HIM TO TAKE FULL REDEMPTION OF HIS SHARES, LESS SURRENDER CHARGES.

THE CLAIMANT ALLEGES THAT IN 2007, MR. ZACHARIAS MADE UNSUITABLE RECOMMENDATIONS, WHICH ALONG WITH THE SUBSEQUENT MANAGEMENT OF HER ACCOUNTS, SHE HAS DAMAGES OF AT LEAST $400,000.

$400,000.00

$50,500.00

WITHOUT ADMITTING ANY WRONGDOING OR LIABILITY, ING FINANCIAL PARTNERS, INC. (IFP) AND INVEST FINANCIAL CORPORATION (INVEST), ENTERED INTO A SETTLEMENT AGREEMENT WITH THE CLIENT FOR $50,500.00 IN EXCHANGE FOR A RELEASE OF ALL CLAIMS. IFP CONTRIBUTED $10,500 AND INVEST CONTRIBUTED $40,000 TO THIS SETTLEMENT. THIS WAS DONE SOLELY FOR BUSINESS PURPOSES TO AVOID A COSTLY AND LENGTHY LEGAL PROCEEDING.

UNSUITABLE INVESTMENTS.

$272,000.00

AFTER REVIEWING THE FACTS AND CIRCUMSTANCES THE FIRM FOUND THE COMPLAINT TO BE WITHOUT MERIT.