beth ann debouvre - finra · pdf fileims securities, inc. crd# 35567 grosse pointe farms, mi...

BrokerCheck Report

BETH ANN DEBOUVRE

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 3176483

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2 - 3

4 - 5

6

Page(s)

http://www.finra.org

About BrokerCheck®

BrokerCheck offers information on all current, and many former, registered securities brokers, and all current and formerregistered securities firms. FINRA strongly encourages investors to use BrokerCheck to check the background ofsecurities brokers and brokerage firms before deciding to conduct, or continue to conduct, business with them.

· What is included in a BrokerCheck report?· BrokerCheck reports for individual brokers include information such as employment history, professional

qualifications, disciplinary actions, criminal convictions, civil judgments and arbitration awards. BrokerCheckreports for brokerage firms include information on a firm’s profile, history, and operations, as well as many of thesame disclosure events mentioned above.

· Please note that the information contained in a BrokerCheck report may include pending actions orallegations that may be contested, unresolved or unproven. In the end, these actions or allegations may beresolved in favor of the broker or brokerage firm, or concluded through a negotiated settlement with no admissionor finding of wrongdoing.

· Where did this information come from?· The information contained in BrokerCheck comes from FINRA’s Central Registration Depository, or

CRD® and is a combination of: o information FINRA and/or the Securities and Exchange Commission (SEC) require brokers and

brokerage firms to submit as part of the registration and licensing process, and o information that regulators report regarding disciplinary actions or allegations against firms or brokers.

· How current is this information?· Generally, active brokerage firms and brokers are required to update their professional and disciplinary

information in CRD within 30 days. Under most circumstances, information reported by brokerage firms, brokersand regulators is available in BrokerCheck the next business day.

· What if I want to check the background of an investment adviser firm or investment adviserrepresentative?

· To check the background of an investment adviser firm or representative, you can search for the firm orindividual in BrokerCheck. If your search is successful, click on the link provided to view the available licensingand registration information in the SEC's Investment Adviser Public Disclosure (IAPD) website athttps://www.adviserinfo.sec.gov. In the alternative, you may search the IAPD website directly or contact your statesecurities regulator at http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414.

· Are there other resources I can use to check the background of investment professionals?· FINRA recommends that you learn as much as possible about an investment professional before deciding

to work with them. Your state securities regulator can help you research brokers and investment adviserrepresentatives doing business in your state.

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brokercheck.finra.org


https://www.AdviserInfo.sec.gov

http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414


http://brokercheck.finra.org/Support/Terms

BETH A. DEBOUVRE

CRD# 3176483

This broker is not currently registered.

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Customer Dispute 11

Investment Adviser RepresentativeInformation

https://www.adviserinfo.sec.gov

The information below represents the individual'srecord as a broker. For details on this individual'srecord as an investment adviser representative,visit the SEC's Investment Adviser PublicDisclosure website at



This broker has passed:

2 Principal/Supervisory Exams

2 General Industry/Product Exams

2 State Securities Law Exams

Registration History

This broker was previously registered with thefollowing securities firm(s):

IMS SECURITIES, INC.CRD# 35567GROSSE POINTE FARMS, MI11/2003 - 03/2017

D.H. HILL SECURITIES LLPCRD# 41528KINGWOOD, TX06/2001 - 12/2003

BANC ONE SECURITIES CORPORATIONCRD# 16999CHICAGO, IL02/1999 - 06/2001

www.finra.org/brokercheck User Guidance

1©2018 FINRA. All rights reserved. Report about BETH A. DEBOUVRE.


https://adviserinfo.sec.gov/IAPD/IAPDSummaryRouter.aspx?IndividualID=3176483&Source=Report

http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports



Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currentlyregistered and licensed with, the category of each license, and the date on which it became effective. This section alsoprovides, for every brokerage firm with which the broker is currently employed, the address of each branch where thebroker works.








Industry Exams this Broker has Passed

This individual has passed 2 principal/supervisory exams, 2 general industry/product exams, and 2 statesecurities law exams.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a brokermay attain a registration after receiving an exam waiver based on exams the broker has passed and/or qualifying workexperience. Any exam waivers that the broker has received are not included below.

Exam Category Date

Principal/Supervisory Exams

General Securities Principal Examination 09/13/2001Series 24

Municipal Fund Securities Principal Examination 03/31/2003Series 51

Exam Category Date

General Industry/Product Exams

Investment Company Products/Variable Contracts Representative Examination 02/19/1999Series 6

General Securities Representative Examination 01/04/2000Series 7

Exam Category Date

State Securities Law Exams

Uniform Securities Agent State Law Examination 02/19/1999Series 63

Uniform Combined State Law Examination 04/19/2000Series 66

Additional information about the above exams or other exams FINRA administers to brokers and other securitiesprofessionals can be found at www.finra.org/brokerqualifications/registeredrep/.





www.finra.org/brokerqualifications/registeredrep/



Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

11/2003 - 03/2017 IMS SECURITIES, INC. 35567 GROSSE POINTE FARMS, MI

06/2001 - 12/2003 D.H. HILL SECURITIES LLP 41528 KINGWOOD, TX

02/1999 - 06/2001 BANC ONE SECURITIES CORPORATION 16999 CHICAGO, IL

Employment History

Employment Dates Employer Name Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker onthe most recently filed Form U4.

Please note that the broker is required to provide this information only while registered with FINRA or a nationalsecurities exchange and the information is not updated via Form U4 after the broker ceases to be registered.Therefore, an employment end date of "Present" may not reflect the broker's current employment status.

04/2010 - Present IMS FINANCIAL ADVISORS, INC. HOUSTON, TX

11/2003 - Present IMS SECURITIES, INC. HOUSTON, TX

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker iscurrently engaged in either as a proprietor, partner, officer, director, employee, trustee, agent or otherwise. This sectiondoes not include non-investment related activity that is exclusively charitable, civic, religious or fraternal and isrecognized as tax exempt.

DBA BETH ANN DEBOUVRE, 21 KERCHEVAL AVENUE, SUITE 320, GROSSE POINTE FARMS, MI 48236, NONINVESTMENT-RELATED, FIXED INSURANCE SALES - LIFE & HEALTH, SALES OF FIXED ANNUITIES, LIFEINSURANCE & HEALTH INSURANCE, START DATE: 12/17/1998, 7 HRS/WK, 2 DURING TRADING HRS;

DBA GROSSE POINTE FINANCIAL SERVICES LLC, 21 KERCHEVAL AVENUE, SUITE 320, GROSSE POINTEFARMS, MI 48236, INVESTMENT RELATED, INVESTMENT SERVICES, REGISTERED PRINCIPAL, START DATE:12/17/1998, 40 HRS/WK, 32 DURING TRADING HRS;

DBA HAWTHORNE FINANCIAL LLC, 21 KERCHEVAL AVENUE, SUITE 320, GROSSE POINTE FARMS, MI 48236,INVESTMENT RELATED, INVESTMENT SERVICES, MANAGING MEMBER, START DATE: 11/23/1998, 0 HRS/WK,NONE DURING TRADING HRS;

LIFE AND HEALTH INSURANCE, 21 KERCHAVAL, GROSSE POINTE FARMS, MI 48236, LIFE INSURANCE AGENT, 2HRS/WK;

Shorepointe Financial, LLC, DBA, Non-Investment related.







Other Business Activities, continued

DBA BETH ANN DEBOUVRE, 21 KERCHEVAL AVENUE, SUITE 320, GROSSE POINTE FARMS, MI 48236, NONINVESTMENT-RELATED, FIXED INSURANCE SALES - LIFE & HEALTH, SALES OF FIXED ANNUITIES, LIFEINSURANCE & HEALTH INSURANCE, START DATE: 12/17/1998, 7 HRS/WK, 2 DURING TRADING HRS;

DBA GROSSE POINTE FINANCIAL SERVICES LLC, 21 KERCHEVAL AVENUE, SUITE 320, GROSSE POINTEFARMS, MI 48236, INVESTMENT RELATED, INVESTMENT SERVICES, REGISTERED PRINCIPAL, START DATE:12/17/1998, 40 HRS/WK, 32 DURING TRADING HRS;

DBA HAWTHORNE FINANCIAL LLC, 21 KERCHEVAL AVENUE, SUITE 320, GROSSE POINTE FARMS, MI 48236,INVESTMENT RELATED, INVESTMENT SERVICES, MANAGING MEMBER, START DATE: 11/23/1998, 0 HRS/WK,NONE DURING TRADING HRS;

LIFE AND HEALTH INSURANCE, 21 KERCHAVAL, GROSSE POINTE FARMS, MI 48236, LIFE INSURANCE AGENT, 2HRS/WK;

Shorepointe Financial, LLC, DBA, Non-Investment related.






Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customercomplaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings, and criminal or civiljudicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular

criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules

or conduct governing the industry and that the activity resulted in damages of at least $5,000. o

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers,

brokerage firms and regulators. When more than one of these sources reports information for the samedisclosure event, all versions of the event will appear in the BrokerCheck report. The different versionswill be separated by a solid line with the reporting source labeled.

o4. There are different statuses and dispositions for disclosure events:

o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently

being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or

(2) an administrative panel in an action brought by a regulator that is contested by the partycharged with some alleged wrongdoing.

§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Pleasenote that brokers and brokerage firms may choose to settle customer disputes or regulatorymatters for business or other reasons.

§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoingon the part of the individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker.Further information regarding these events can be found in the subsequent pages of this report. You also maywish to contact the broker to obtain further information regarding these events.

Final On AppealPending

Customer Dispute 8 3 N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegationsthat are contested and have not been resolved or proven. The matter may, in the end, be withdrawn, dismissed,resolved in favor of the broker, or concluded through a negotiated settlement for certain business reasons (e.g., tomaintain customer relationships or to limit the litigation costs associated with disputing the allegations) with noadmission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fieldscontained in the report may be blank if the information was not provided to CRD.

Customer Dispute - Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civilsuit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to thecustomer.

Disclosure 1 of 3

Reporting Source: Firm

Employing firm whenactivities occurred which ledto the complaint:

Allegations:

IMS Securities, inc.

Lack of due diligence, negligence, misrepresentation, breach of fiduciary duty

Product Type: Other: REIT

Alleged Damages: $25,000.00

Alleged Damages AmountExplanation (if amount notexact):

no amount claimed, this is amount invested

Is this an oral complaint? No

Is this a written complaint? No

Is this an arbitration/CFTCreparation or civil litigation?

Yes

Arbitration/Reparation forumor court name and location:

FINRA

Docket/Case #: 17-01580

Filing date ofarbitration/CFTC reparationor civil litigation:

06/15/2017






Date Complaint Received: 08/21/2017

Complaint Pending? No

Status:

Status Date: 11/14/2017

Settlement Amount: $15,000.00

Individual ContributionAmount:

$0.00

Customer Complaint Information

Settled


06/15/2017

Disclosure 2 of 3

i



Allegations:

IMS Securities, Inc.

Breach of Fiduciary Duty, Unsuitable recommendations, lack of due diligence,negligence, breach of contract, fraud, violation of securities laws



Date Notice/Process Served: 05/23/2016

Arbitration Pending? No

Disposition: Settled

Disposition Date: 03/07/2017

Monetary CompensationAmount:

$80,000.00

Arbitration Information


$0.00

Arbitration/CFTC reparationclaim filed with (FINRA, AAA,CFTC, etc.):

FINRA








$0.00

iReporting Source: Broker


Allegations:


Unsuitable recommendations, negligence




Arbitration Pending? Yes



FINRA


Disclosure 3 of 3

i



Allegations:


Breach of Fiduciary Duty, Unsuitable recommendations, lack of due diligence,negligence, breach of contract, fraud, violation of securities laws






FINRA








Arbitration Pending? No

Disposition: Settled

Disposition Date: 03/10/2017

Monetary CompensationAmount:

$48,383.00


$0.00

iReporting Source: Broker


Allegations:


Unsuitable recommendations, negligence, violation of securities laws

Product Type: Real Estate Security






FINRA







Customer Dispute - Pending

This type of disclosure event involves (1) a pending consumer-initiated, investment-related arbitration or civil suit thatcontains allegations of sales practice violations against the broker; or (2) a pending, consumer-initiated, investment-related written complaint containing allegations that the broker engaged in, sales practice violations resulting incompensatory damages of at least $5,000, forgery, theft, or misappropriation, or conversion of funds or securities.

Disclosure 1 of 8



Allegations:

IMS Securities, inc.

Violation of Michigan Securities Act of 2008, Violation of Michigan ConsumerProtection Act, Unsuitable recommendations, Violation of NASD/FINRA Rules3010 & 3110, Breach of Fiduciary Duty, Negligent Supervision, Breach of Contract

Product Type: Other: REIT's



Complaint Pending? Yes

Settlement Amount:






Yes


FINRA



08/10/2017

Disclosure 2 of 8

i








Allegations:


Violation of Securities Exchange Act of 1934, Unsuitable recommendation,Violation of securities act of 1933, violation of South Carolina uniform securitiesact, breach of fiduciary duty, common law fraud





Settlement Amount:






Yes


FINRA



08/25/2017

Disclosure 3 of 8

i



Allegations:


Breach of fiduciary duty, unsuitable recommendations/lack of due diligence, failureto supervise, negligence, breach of contract, continuing fraud, violation ofsecurities laws






Breach of fiduciary duty, unsuitable recommendations/lack of due diligence, failureto supervise, negligence, breach of contract, continuing fraud, violation ofsecurities laws





Settlement Amount:






Yes


FINRA



06/14/2017

Disclosure 4 of 8

i



Allegations:


unsuitable investments




Is this a written complaint? Yes









Settlement Amount:




No

Disclosure 5 of 8

i



Allegations:

D.H. Hill Securities, LLLP; IMS Securities, Inc.

Fraud, Breach of Fiduciary Duty, Civil Conspiracy, Civil Rico, Civil Rico Conspriacy

Product Type: Other: REITs



Complaint Pending?



No exact specific amount in Statement of Claim




Yes


FINRA



06/09/2017






Complaint Pending? No

Status:


Settlement Amount: $0.00


$0.00




Evolved into Arbitration/CFTC reparation (the individual is a named party)


FINRA


iReporting Source: Firm


Allegations:

DH Hill Securities, LLLP, IMS Securities, Inc.

Fraud, Breach of Fiduciary Duty, Civil Conspiracy, Civil Rico, Civil Rico Conspiracy,negligent supervision







No specific amount in Statement of Claim


FINRA








Disclosure 6 of 8

i



Allegations:


fraud, negligent misrepresentation, breach of fiduciary duty, negligence





Status:


Settlement Amount:




Between $100,000.00 and $500,000.00




Yes


FINRA



05/18/2017

i






Disclosure 7 of 8



Allegations:


Breach of fiduciary duty, unsuitable recommendations/lack of due diligence,negligence, breach of contract, fraud, violation of securities laws

Product Type: Other: REITS's




Status:


Settlement Amount:






Yes


FINRA



05/04/2017

Disclosure 8 of 8

i

Reporting Source: Broker







Allegations:


misrepresentation, breach of fiduciary duty, negligence

Product Type: Direct Investment-DPP & LP InterestsEquipment LeasingOther: REIT




Settlement Amount:






Yes


FINRA



10/28/2016






End of Report

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