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Client alleges the financial advisor misrepresented the Franklin/Templeton mutual funds purchased in his account on 7/9/2015.
Damage Amount Requested
$5,000.00
Broker Comment
Based on our review, an offer of settlement or compromise was extended to the client in the amount of $900.00. The client did not respond to our offer of settlement or compromise; therefore, the offer has been withdrawn.
A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.
IA
Investment Adviser
An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.
Disclosures
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.
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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.