CLIENT ALLEGES SHE PURCHASED A VARIABLE ANNUITY CONTRACT BASED ON THE AGENT'S REPRESENTATION THAT SHE WOULD NEVER GET LESS THAN 6% A YEAR AND NEVER GO BELOW WHAT SHE INITIALLY INVESTED. DAMAGES ARE UNSPECIFIED.

THE FIRM FOUND NO BASIS TO THE CUSTOMER'S COMPLAINT.

CLIENT ALLEGES MISREPRESENTATION IN THE SALE OF A 2007 BROKERAGE ACCOUNT. CLIENT ALLEGES HE WAS INFORMED BY BOTH AGENTS THAT THERE WOULD BE NO UPFRONT FEES ON HIS NEW INVESTMENTS. CLIENT IS REQUESTING FOR THE EXPENSE OF THE SALES LOAD AMOUNT RETURNED TO HIS ACCOUNT.

$10,112.00

$13,550.08

THE PARTIES AGREED TO THE REFUND OF THE SALES LOADS INCURRED IN THE PURCHASE OF FIVE CLASS A MUTUAL FUNDS. LOSS TO FIRM: $10,112.00. ON 9/25/07 AN AMENDMENT WAS MADE TO THE INITIAL SETTLEMENT TO INCLUDE AN ADDITIONAL PAYMENT OF $3438.08 FROM THE FIRM TO THE CUSTOMER, WHICH REPRESENTED REIMBURSEMENT FOR THE FEDERAL AND STATE TAX CONSEQUENCES INCURRED FROM A REFUND OF THE SALES LOADS. TOTAL LOSS TO FIRM: $13,550.08.

CLIENT ALLEGES SHE WAS ASSURED SHE WOULD NEVER LOSE ANY PART OF HER ORIGINAL INVESTMENT DURING THE SALE OF A MUTUAL FUND. CLIENT REQUESTED THE RETURN OF HER INITIAL INVESTMENT OF $13,982.77 LESS ADMINISTRATIVE FEES.

$13,982.77

$5,048.26

EQUITABLE FOUND NO BASIS TO THE CUSTOMER COMPLAINT. HOWEVER, AS A GOOD FAITH GESTURE, THE FIRM AGREED TO PAY THE CUSTOMER, A SETTLEMENT OF $5,048.26.