Claimant alleges that representative recommended alternative investments that were risky, unsuitable, and illiquid. Claimant further alleges that representative made materially false and misleading statements related to claimant's assets.

$499,999.00

$6,000.00

Claimant alleges that representative recommended alternative investments that were risky, unsuitable, and illiquid. Claimant further alleges that representative made materially false and misleading statements related to claimant's assets.

$489,898.00

$38,500.00

Claimant alleges that firm representative misrepresented an investment in a Real Estate Investment Trust (REIT) as riskless and a source of guaranteed income. Claimant further alleges that firm representative falsely stated that the REIT was expected to become publicly traded.

$115,000.00

Claimants allege that representative misrepresented high-risk, high-commission, speculative alternative investments that were unsuitable for their retirement accounts.

$100,000.00

$70,000.00

Claimant(s) allege that representative recommended investments that were largely concentrated in illiquid, speculative, low-quality, and high commission non-traded real estate investment trusts and Business Development Companies.

$569,291.00

$150,000.00

Claimant alleges that, between 2015 and 2017, representative sold claimant various high risk investment products and misrepresented them as low risk, safe and suitable investments.

$200,000.00

$62,500.00

Claimants allege that in 2015 they were sold Real Estate Investment Trust investments that were unsuitable and inconsistent with their investment profile.

$121,500.00

$57,500.00

Claimants allege that from 2015 onward they suffered losses due to misleading statements and unsuitable recommendations to purchase speculative non-traded REITs and other alternative investment funds.

$209,000.00

$110,000.00

Claimant alleges that in 2015 the representative misrepresented an illiquid alternative investment as a low risk, safe and suitable investment.

$100,001.00

$45,000.00

The claimants allege that in 2015, the investment product sold to them was misrepresented as a low risk, safe and suitable investment.

$283,700.00

$175,000.00

Customer alleges that they were sold unsuitable, high-risk and illiquid alternative investments, and were misled to believe the investments purchased were safe and low-risk.

$90,000.00

$35,000.00

Client alleges that between 2012 and 2015, she was sold unsuitable, high-risk illiquid alternative investments. The client further alleges that the representative incorrectly listed her net worth and income information on account forms.

$200,000.00

$175,000.00

Client alleges in 2015 the representative recommended a illiquid real estate investment trust product that was not suitable.

$48,850.00

Claimants allege that they invested roughly $600,000 with the representative and he recommended an unsuitable strategy to invest in various high risk alternative investments between 2013 - 2017.   They believe their losses are roughly $250,000.

$250,000.00

$100,000.00

Claimants alleged that beginning in 2014 representative sold them unsuitable and risky investments which were against their wishes to invest in a conservative portfolio.

$200,000.00

$15,000.00

Clients allege that representative made promises which were not fulfilled.

$22,000.00

The Firm investigated the allegations made against the Representative and found them to be without merit.

THE CLIENT ALLEGES THAT THE SALE OF CLASS A MUTUAL FUNDS AND THE SUBSEQUENT PURCHASE OF CLASS C MUTUAL FUNDS WAS UNSUITABLE DUE TO HIGHER EXPENSES.

$1,100.05

IN EXCHANGE FOR A RELEASE OF ALL CLAIMS, AND WITHOUT ADMITTING ANY WRONGDOING OR LIABILITY, THE FIRM AND THE REPRESENTATIVE ENTERED INTO A SETTLEMENT AGREEMENT WITH THE CLIENT FOR THE REVERSAL OF CLASS C MUTUAL FUNDS FOR CLASS A MUTUAL FUNDS, WHICH INCLUDED A REVERSAL OF $1100.05 IN SALES CHARGES. THIS WAS DONE SOLELY FOR BUSINESS PURPOSES TO AVOID A COSTLY AND LENGTHY LEGAL PROCEEDING.

CUSTOMER ALLEGES THAT THE VARIABLE ANNUITY SOLD TO HIM BY THE REPRESENTATIVE WAS UNSUITABLE FOR HIS NEEDS, DESIRE OR UNDERSTANDING. FURTHER, THE VARIABLE ANNUITY DID NOT INCLUDE LIFETIME BENEFITS OR AN ANNUAL BASE INCREASE, BOTH ITEMS THE CUSTOMER UNDERSTOOD HE HAD. ARBITRATION FILING: CLAIMANT ALLEGES NEGLIGENCE, NEGLIGENT MISREPRESENTATION, CONSTRUCTIVE FRAUD, BREACH OF FIDUCIARY DUTY, NEGLIGENT SUPERVISION AND TRAINING, AND VIOLATION OF THE SOUTH CAROLINA UNFAIR TRADE PRACTICES ACT AND UNIFORM SECURITIES ACT INVOLVING THE VARIABLE ANNUITY SOLD TO HIM BY THE REPRESENTATIVE.

$303,751.57

$350,000.00

THE FIRM INVESTIGATED THE CUSTOMER'S CONCERNS AND DID NOT FIND SUFFICIENT EVIDENCE TO SUPPORT THE ALLEGATIONS OR ANY WRONGDOING ON THE PART OF THE REPRESENTATIVE IN THIS MATTER. CONSEQUENTLY, THE FIRM DENIED THE CUSTOMER'S ALLEGATIONS. Without admitting fault in the subsequent litigation, the Firm and the Representative settled the claim.

THE FIRM RECEIVED WRITTEN COMPLIANT FROM THE CLIENTS' CLAIMING THAT REPRESENTATIVE DID NOT PROPERLY ALLOCATE ASSETS AND COMPLAINING ADVISORY FEES CHARGED IN HIS AND HIS WIFE'S ADVISORY ACCOUNTS.

$171,019.76

THE FIRM INVESTIGATED THE CLIENTS ALLEGATIONS AND FOUND THEM TO BE WITHOUT MERIT.