Claimants allege that the registered representative recommended unsuitable investments that resulted in losses.

$40,000.00

$4,500.00

Claimants allege that the registered representative recommended unsuitable investments that resulted in losses.

$100,000.00

$42,450.00

Claimants allege their assets were over concentrated in unsuitable and illiquid alternative investments.

$100,000.00

$30,000.00

Claimant alleges her advisor recommended she invest in Business Development Corporation of America ("BDCA") while at Cetera and the BDCA was illiquid and unsuitable for her. Furthermore, she alleges she didn't receive adequate disclosures about the product. Claimant also alleges that she requested a redemption in January 2018 and that it was not executed in time causing a further decline in the value of her account.

$25,000.00

$5,000.00

The parties settled this matter to avoid the costs associated with FINRA litigation.

Claimants allege that they were recommended unsuitable, high-commission, illiquid alternative investments including FSKR, FS Global Credit, BDCA, and Northstar.

$125,000.00

$500.00

Customer alleges unsuitable investment recommendations.

$150,000.00

$32,500.00

Claimant alleges that Respondents recommended unsuitable investments, to include Oppenheimer Steelpath MLP Alpha Plus Fund and Northstar Healthcare (a non-traded REIT investment) and seeks $65,000

$65,000.00

$14,000.00

Failed to perform due diligence, unsuitable investment, fraud, Breach of Fiduciary Duty, and Negligence.

$100,000.00

$22,500.00

Unsuitable investments

$5,118.75

Clients alleged the provisions of their variable annuities and unit investment trusts were misrepresented.

$138,500.00

COMPLAINANT WERE CUSTOMERS OF FORMER REGISTERED REPRESENTATIVE'S BROKER DEALER (LEGACY). COMPLAINANTS ASSERT CLAIMS FOR MISREPRESENTATION, BREACH OF FIDUCARY DUTY, PROFESSIONAL NEGLIGENCE, AND VIOLATION OF SECURITY REGULATIONS.

$91,245.51

$20,000.00

THIS SETTLEMENT WAS A BUSINESS DECISION. NO EVIDENCE OR PROOF SHOWED THAT THE REPRESENTATIVE DID ANYTHING WRONG, WAS AT FAULT OR VIOLATED ANY PROFESSIONAL ETHICS.

MISREPRESENTATION & FAILURE TO FOLLOW INSTRUCTIONS TO PLACE TRADES

$20,277.00

DURING THE LAST YEAR [THIRD PARTY] AND I HAD NUMEROUS CONVERSATIONS WITH [CUSTOMER] REGARDING HER ACCOUNTS. SHE WAS LOOKING AT HER ACCOUNTS DAILY ONLINE AND WAS NERVOUS ABOUT THE RETURNS. DURING JUNE TO SEPT 2008 WE OFFERED SEVERAL TIMES TO CHANGE HER ALLOCATIONS TO MORE FIXED INCOME BUT SHE REFUSED; CONCERNED THAT SHE WOULD MISS A RALLY. WE FOLLOWED HER REQUEST AND KEEP HER INVESTED IN THE MARKET.