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Client expressed concerns related to recent losses in her account.
Damage Amount Requested
$30,000.00
Broker Comment
The complaint by the client was closed without action. The Advisor and client reviewed the holdings in her account including that the unrealized losses represent approximately 3% of her overall portfolio. The client was satisfied with the explanation provided by her Advisor and felt her concerns were addressed.
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.
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.