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NEGLIGENT FAILURE TO FOLLOW INVESTMENT INSTRUCTIONS
Damage Amount Requested
$58,505.02
Broker Comment
THE CUSTOMER ALLEGED THAT A PROFIT SHARING PLAN HAD NOT BEEN REALLOCATED CORRECTLY IN JULY 2008. ANOTHER BROKER WAS ASSIGNED TO THE ACCOUNT AT THAT TIME. MR. ROMPH BECAME THE BROKER OF RECORD IN SEPTEMBER 2008. THE ALLEGED INCORRECT REALLOCATION WAS DISCOVERED WHEN THE Q4 REBALANCE INSTRUCTIONS WERE BEING PREPARED WHILE MR. ROMPH WAS THE BROKER OF RECORD. MR. ROMPH WAS NOT A NAMED RESPONDENT, WAS NOT NAMED IN THE FINRA AWARD AND WAS NOT FOUND LIABLE FOR ANY MONETARY PENALTY.
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.
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.