The client alleged the representative did not act in a timely manner in liquidating his shares of HTI after they transferred to Computershare; which, he states caused additional losses in the investment. Additionally, the client alleged the representative has not been transparent and that he has not received statements reflecting his purchases through the representative. In August 10, 2022, the client filed an arbitration, in which the client alleges the representative made unsuitable recommendations and misrepresented the investments purchased. The client has also alleged the firm failed to conduct adequate due diligence and failed to supervise the activities of the representative.

$99,999.00

$10,000.00

The representative denies the allegations and believes the investments were suitable based upon the client's financial profile and investment objectives. In addition, the client was provided with the offering documents and the risks were explained and disclosed to the client. The Firm, solely to compromise and settle disputed claims, agreed to settle an arbitration with the Claimant.