LPL Financial LLC

Permitted to Resign

Participating in an outside business activity, in violation of Firm policy.

CUSTOMER DISAGREED WITH ADVISORY FEES ASSESSED TO THE ACCOUNT

$5,000.00

$32,087.21

CUSTOMER ALLEGES THAT REPRESENATIVE PROVIDED UNSUITABLE INVESTMENT MANAGEMENT OF ADVISORY ACCOUNTS BETWEEN JULY 2005 AND MID-2011, RESULTING IN LOSSES. INVESTMENT ADVISER REPRESENTATIVE DENIES ALL ALLEGATIONS, AND MAINTAINS THAT HE ACTED APPROPRIATELY IN ALL HIS DEALINGS WITH CUSTOMER, AND THAT ALL RECOMMENDATIONS AND INVESTMENT MANAGEMENT HE PROVIDED WERE SUITABLE AND APPROPRIATE, AND THAT CUSTOMER DIRECTED THE GROWTH-WITH-INCOME STYLE INVESTMENT OBJECTIVE FOR HER ACCOUNTS. INVESTMENT ADVISER REPRESENTATIVE FURTHER DENIES THAT INVESTMENTS HAVE INCURRED LOSSES AS ALLEGED.

$300,000.00

$125,000.00

THE ACCOUNT COMPOSITION AND TRADES AT ISSUE IN THIS MATTER WERE LARGELY EFFECTED THROUGH THE ADVISORY ACCOUNT MANAGEMENT OF ANOTHER INVESTMENT ADVISER REPRESENTATIVE WHO WAS ALSO WORKING WITH CLAIMANT. THIS MATTER WAS RESOLVED WITHOUT ANY ADMISSION OF LIABILITY, AND THE CLAIMS WERE (AND REMAIN) DENIED ALL TIMES, AND WAS RESOLVED SOLELY AS A BUSINESS DECISION TO AVOID PROTRACTED LITIGATION AND BUSINESS RISK.

CUSTOMER ALLEGES THAT REPRESENTATIVE PROVIDED UNSUITABLE INVESTMENT MANAGEMENT OF ADVISORY ACCOUNTS BETWEEN JANUARY 2008 AND MID-2009, RESULTING IN LOSSES. INVESTMENT ADVISER REPRESENTATIVE DENIES ALL ALLEGATIONS, AND MAINTAINS THAT HE ACTED APPROPRIATELY IN ALL OF HIS DEALINGS WITH CUSTOMERS, AND THAT ALL RECOMMENDATIONS AND MANAGEMENT HE PROVIDED WERE SUITABLE AND APPROPRIATE. FURTHER, INVESTMENT ADVISER REPRESENTATIVE STATES THAT CUSTOMERS RECEIVED ONGOING ACCURATE AND COMPLETE ACCOUNT INFORMATION CONCERNING EACH ADVISORY ACCOUNT'S INVESTMENTS AND PERFORMANCE OVER TIME. INVESTMENT ADVISER REPRESENTATIVE FURTHER DENIES THAT INVESTMENTS HAVE INCURRED LOSSES AS ALLEGED.

$375,000.00

WHERE THE ACCOUNT COMPOSITION AND TRADES AT ISSUE IN THIS MATTER WERE EFFECTED THROUGH THE ADVISORY ACCOUNT MANAGEMENT OF ANOTHER INVESTMENT ADVISER REPRESENTATIVE WHO WAS ALSO WORKING WITH THE CLAIMANTS, CLAIMANTS WITHDREW ANY AND ALL ALLEGATIONS OF WRONGDOING AGAINST THOMAS DELLINGER WITH PREJUDICE.

CUSTOMER RASIES CONCERNS WITH MANAGEMENT OF ADVISORY ACCOUNT, AND SPECIFICALLY, THE SUITABILITY OF AN ETF TRANSACTION IN APRIL OF 2009, WHICH RESULTED IN LOSSES OF $18,145.83. REP DENIES CUSTOMER'S ALLEGATIONS AND MAINTAINS THAT HE ACTED APPROPRIATELY IN CONNECTION WITH HIS MANAGEMENT OF HER ACCOUNT.

$18,145.83

$7,500.00

THIS MATTER WAS RESOLVED SOLELY AS A CUSTOMER ACCOMMODATION AND AS A BUSINESS DECISION TO AVOID LITIGATION, WITH NO ADMISSION OF LIABILITY, WHICH WAS AND REMAINS DENIED.

CUSTOMER ALLEGES THAT REPRESENTATIVE PROVIDED UNSUITABLE INVESTMENT MANAGEMENT OF ADVISORY ACCOUNT, AND PROVIDED INCOMPLETE AND INACCURATE ACCOUNT COMPOSITION AND PERFORMANCE INFORMATION CONCERNING HER ADVISORY ACCOUNT BETWEEN 2007 AND 2009, RESULTING IN LOSSES. CUSTOMER ALSO SEEMS DAMAGES FOR INVESTMENT LOSSES TO INVESTMENTS AFTER TRANSFERRING HER ACCOUNTS FROM LPL TO AMERITRADE. REPRESENTATIVE DENIES ALL ALLEGATIONS, AND MAINTAINS THAT HE ACTED APPROPRIATELY IN ALL OF HIS DEALINGS WITH CUSTOMER AND THAT CUSTOMER RECEIVED ONGOING ACCURATE AND COMPLETE ACCOUNT INFORMATION CONCERNING THE ADVISORY ACCOUNT'S INVESTMENTS AND PERFORMANCE OVER TIME.

$2,400,000.00

$850,000.00

THE ACCOUNT COMPOSITION AND TRADES AT ISSUE IN THIS MATTER WERE EFFECTED THROUGH THE ADVISORY ACCOUNT MANAGEMENT OF ANOTHER INVESTMENT ADVISOR REPRESENTATIVE WHO WAS ALSO WORKING WITH CLAIMANT. THIS MATTER WAS RESOLVED WITHOUT ANY ADMISSION OF LIABILITY, AND THE CLAIMS WERE (AND REMAIN) DENIED AT ALL TIMES, AND WAS RESOLVED SOLEY AS A BUSINESS DECISION TO AVOID PROTRACTED LITIGATION AND BUSINESS RISK.

CUSTOMER ALLEGES THAT REPRESENTATIVE PROVIDED UNSUITABLE INVESTMENT MANAGEMENT OF ADVISORY ACCOUNT, AND PROVIDED INCOMPLETE AND INACCURATE ACCOUNT PERFORMANCE INFORMATION CONCERNING HER ADVISORY ACCOUNT BETWEEN 2008 AND 2009, RESULTING IN LOSSES. REPRESENTATIVE DENIES ALL ALLEGATIONS, AND MAINTAINS THAT HE ACTED APPROPRIATELY IN ALL OF HIS DEALINGS WITH CUSTOMER, AND THAT CUSTOMER (AND HER DAUGHTER)RECEIVED ONGOING ACCURATE AND COMPLETE ACCOUNT INFORMATION CONCERNING THE ADVISORY ACCOUNT'S INVESTMENTS AND PERFORMANCE OVER TIME.

$165,000.00

$105,000.00

MATTER WAS RESOLVED WITHOUT ANY ADMISSION OF LIABILITY, AND SOLEY AS A BUSINESS DECISION TO AVOID PROTRACTED LITIGATION AND BUSINESS RISK.