united planners' financial services of america a …

BrokerCheck Report

UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER

Section Title

Report Summary

Firm History

CRD# 20804

1 - 2

10

Firm Profile 3 - 9

Page(s)

Firm Operations 11 - 16

Disclosure Events 17

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UNITED PLANNERS' FINANCIALSERVICES OF AMERICA A LIMITEDPARTNER

CRD# 20804

SEC# 8-38485

Main Office Location

7333 E. DOUBLETREE RANCH ROAD #120SCOTTSDALE, AZ 85258-2023Regulated by FINRA Denver Office

Mailing Address

P.O. BOX 5750SCOTTSDALE, AZ 85261-5750

This firm is a brokerage firm and an investmentadviser firm. For more information aboutinvestment adviser firms, visit the SEC'sInvestment Adviser Public Disclosure website at:

Business Telephone Number

480-991-0225

https://www.adviserinfo.sec.gov

Report Summary for this Firm

This report summary provides an overview of the brokerage firm. Additional information for this firm can be foundin the detailed report.

Disclosure Events

Brokerage firms are required to disclose certaincriminal matters, regulatory actions, civil judicialproceedings and financial matters in which the firm orone of its control affiliates has been involved.

Are there events disclosed about this firm? Yes

The following types of disclosures have beenreported:

Type Count

Regulatory Event 9

Arbitration 1

Firm Profile

This firm is classified as a partnership.

This firm was formed in Arizona on 08/21/1987.

Its fiscal year ends in December.

Firm History

Information relating to the brokerage firm's historysuch as other business names and successions(e.g., mergers, acquisitions) can be found in thedetailed report.

Firm Operations

Is this brokerage firm currently suspended with anyregulator? No

This firm conducts 10 types of businesses.

This firm is not affiliated with any financial orinvestment institutions.

This firm has referral or financial arrangements withother brokers or dealers.

This firm is registered with:

• the SEC• 1 Self-Regulatory Organization• 52 U.S. states and territories

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1©2022 FINRA. All rights reserved. Report about UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER

https://adviserinfo.sec.gov/firm/summary/20804


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This firm is classified as a partnership.

This firm was formed in Arizona on 08/21/1987.

CRD#

This section provides the brokerage firm's full legal name, "Doing Business As" name, business and mailingaddresses, telephone number, and any alternate name by which the firm conducts business and where such name isused.

Firm Profile

Firm Names and Locations

Its fiscal year ends in December.

UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER

SEC#

20804

8-38485

Main Office Location

Mailing Address

Business Telephone Number

Doing business as UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER

480-991-0225

Regulated by FINRA Denver Office

7333 E. DOUBLETREE RANCH ROAD #120SCOTTSDALE, AZ 85258-2023

P.O. BOX 5750SCOTTSDALE, AZ 85261-5750

Other Names of this Firm

Name Where is it used

UNITED PLANNERS AK, AL, AR, AZ, CA,CO, CT, DC, DE, FL,GA, HI, IA, ID, IL, IN,KS, KY, LA, MA, MD,ME, MI, MN, MO,MS, MT, NC, ND, NE,NH, NJ, NM, NV, NY,OH, OK, OR, PA, RI,SC, SD, TN, TX, UT,VA, VT, WA, WI, WV,WY






UNITED PLANNERS FINANCIAL SERVICES AK, AL, AR, AZ, CA,CO, CT, DC, DE, FL,GA, HI, IA, ID, IL, IN,KS, KY, LA, MA, MD,ME, MI, MN, MO,MS, MT, NC, ND, NE,NH, NJ, NM, NV, NY,OH, OK, OR, PA, RI,SC, SD, TN, TX, UT,VA, VT, WA, WI, WV,WY





This section provides information relating to all direct owners and executive officers of the brokerage firm.

Direct Owners and Executive Officers

Firm Profile

Position

Percentage of Ownership

Is this a public reportingcompany?

Position Start Date

Does this owner direct themanagement or policies ofthe firm?

UNITED PLANNERS' GROUP, INC.

GENERAL PARTNER

75% or more

No

Domestic Entity

08/1987

Yes

Is this a domestic or foreignentity or an individual?

Legal Name & CRD# (if any):

Position



Position Start Date


BAKER, MICHAEL A

PRESIDENT

Less than 5%

No

Individual

08/2018

Yes

4037933



Position


Position Start Date

BAKER, MICHAEL A

CHIEF EXECUTIVE OFFICE (CEO)

Less than 5%

Individual

10/2019

4037933








Direct Owners and Executive Officers (continued)

Firm Profile




Less than 5%

No

Yes

Position



Position Start Date


CUFFARI-AGASI, SHEILA JUNE

EXECUTIVE VICE PRESIDENT

Less than 5%

No

Individual

08/2018

Yes

2401020



Position



Position Start Date


HAUER, DAVE B

VICE PRESIDENT COMPLIANCE, CHIEF COMPLIANCE OFFICER

Less than 5%

No

Individual

07/2018

Yes

4018434



OLIVERIO, KENNETH WILLIAM JR

2957427







Direct Owners and Executive Officers (continued)

Firm Profile

Position



Position Start Date


EXECUTIVE VICE PRESIDENT, CHIEF MARKETING OFFICER

Less than 5%

No

Individual

08/2018

Yes

2957427


Position



Position Start Date


SHINDEL, CHAD TRAVIS

VICE PRESIDENT, CHIEF FINANCIAL OFFICER (CFO)

Less than 5%

No

Individual

08/2018

Yes

6232253








This section provides information relating to any indirect owners of the brokerage firm.

Indirect Owners

Firm Profile

BAKER, MICHAEL A

PRESIDENT

UNITED PLANNERS GROUP, INC

Other General Partners

No

Individual

09/2007

Yes

4037933



Company through whichindirect ownership isestablished

Relationship to Direct Owner

Relationship Established




CUFFARI-AGASI, SHEILA JUNE

SHAREHOLDER



No

Individual

01/2021

No

2401020









OLIVERIO, KENNETH WILLIAM JR

2957427







Indirect Owners (continued)

Firm Profile

SHAREHOLDER



No

Individual

01/2021

No

2957427








SHINDEL, CHAD TRAVIS

TREASURER



Individual

03/2020

Yes

6232253














Firm History

This section provides information relating to any successions (e.g., mergers, acquisitions) involving the firm.

No information reported.






Firm Operations

RegistrationsThis section provides information about the regulators (Securities and Exchange Commission (SEC), self-regulatoryorganizations (SROs), and U.S. states and territories) with which the brokerage firm is currently registered andlicensed, the date the license became effective, and certain information about the firm's SEC registration.

This firm is currently registered with the SEC, 1 SRO and 52 U.S. states and territories.

SEC Registration Questions

This firm is registered with the SEC as:

A broker-dealer:

A broker-dealer and government securities broker or dealer:

A government securities broker or dealer only:

This firm has ceased activity as a government securities broker or dealer:

Yes

Yes

No

No

Federal Regulator Status Date Effective

SEC Approved 10/09/1987

Self-Regulatory Organization Status Date Effective

FINRA Approved 12/08/1987






Firm Operations

Registrations (continued)

U.S. States &Territories

Status Date Effective

Alabama Approved 11/12/1991

Alaska Approved 05/12/1988

Arizona Approved 01/18/1988

Arkansas Approved 01/22/1990

California Approved 02/22/1988

Colorado Approved 02/09/1988

Connecticut Approved 03/02/1988

Delaware Approved 03/02/1988

District of Columbia Approved 03/05/1988

Florida Approved 03/23/1988

Georgia Approved 02/28/1988

Hawaii Approved 10/29/1991

Idaho Approved 05/13/1988

Illinois Approved 03/07/1988

Indiana Approved 04/04/1988

Iowa Approved 06/06/1988

Kansas Approved 03/01/1988

Kentucky Approved 10/12/1989

Louisiana Approved 03/17/1988

Maine Approved 03/01/1988

Maryland Approved 03/03/1988

Massachusetts Approved 03/31/1988

Michigan Approved 04/01/1988

Minnesota Approved 01/03/1990

Mississippi Approved 03/25/1988

Missouri Approved 03/11/1988

Montana Approved 03/04/1988

Nebraska Approved 04/11/1988

Nevada Approved 02/26/1989

New Hampshire Approved 04/18/1988

New Jersey Approved 04/29/1988

New Mexico Approved 03/18/1988

New York Approved 07/08/1988

U.S. States &Territories

Status Date Effective

North Carolina Approved 03/25/1988

North Dakota Approved 03/23/1988

Ohio Approved 02/23/1996

Oklahoma Approved 02/28/1988

Oregon Approved 05/25/1988

Pennsylvania Approved 02/25/1988

Rhode Island Approved 04/04/1988

South Carolina Approved 04/13/1988

South Dakota Approved 04/28/1988

Tennessee Approved 03/24/1988

Texas Approved 04/19/1988

Utah Approved 03/04/1988

Vermont Approved 05/25/1988

Virgin Islands Approved 11/15/2012

Virginia Approved 02/26/1988

Washington Approved 03/01/1988

West Virginia Approved 03/16/1988

Wisconsin Approved 07/06/1988

Wyoming Approved 04/12/1988






Firm Operations

Types of BusinessThis section provides the types of business, including non-securities business, the brokerage firm is engaged in orexpects to be engaged in.

Other Types of Business

This firm does not effect transactions in commodities, commodity futures, or commodity options.This firm does engage in other non-securities business.

Non-Securities Business Description: 11B THE APPLICANT INTENDS TO ACT AS A GENERAL AGENT FOR ONEOR MORE INSURANCE COMPANIES IN THE SALE OF UNREGISTEREDINSURANCE PRODUCTS.

This firm currently conducts 10 types of businesses.

Types of Business

Broker or dealer retailing corporate equity securities over-the-counter

Broker or dealer selling corporate debt securities

Mutual fund retailer

U S. government securities broker

Municipal securities dealer

Municipal securities broker

Broker or dealer selling variable life insurance or annuities

Investment advisory services

Broker or dealer selling tax shelters or limited partnerships in primary distributions

Broker or dealer involved in a networking, kiosk or similar arrangment with a: insurance company or agency






Firm Operations

Clearing Arrangements

This firm does not hold or maintain funds or securities or provide clearing services for other broker-dealer(s).

Introducing Arrangements

This firm does refer or introduce customers to other brokers and dealers.

Name: PERSHING LLC

Business Address: ONE PERSHING PLAZAJERSEY CITY, NJ 07399

CRD #: 7560

Effective Date: 02/24/1988

Description: FULLY DISCLOSED CLEARING AGREEMENT






Firm Operations

Industry Arrangements

This firm does have books or records maintained by a third party.

This firm does have accounts, funds, or securities maintained by a third party.

This firm does have customer accounts, funds, or securities maintained by a third party.

This firm does not have individuals who control its management or policies through agreement.

This firm does not have individuals who wholly or partly finance the firm's business.

Control Persons/Financing

Name: PERSHING LLC


CRD #: 7560



Name: PERSHING LLC


CRD #: 7560



Name: PERSHING LLC


CRD #: 7560








Firm Operations

Organization AffiliatesThis section provides information on control relationships the firm has with other firms in the securities, investmentadvisory, or banking business.

This firm is not, directly or indirectly:

· in control of· controlled by· or under common control withthe following partnerships, corporations, or other organizations engaged in the securities or investmentadvisory business.

This firm is not directly or indirectly, controlled by the following:

· bank holding company· national bank· state member bank of the Federal Reserve System· state non-member bank· savings bank or association· credit union· or foreign bank






Disclosure Events

All firms registered to sell securities or provide investment advice are required to disclose regulatory actions, criminal orcivil judicial proceedings, and certain financial matters in which the firm or one of its control affiliates has been involved.For your convenience, below is a matrix of the number and status of disclosure events involving this brokerage firm orone of its control affiliates. Further information regarding these events can be found in the subsequent pages of thisreport.

Final On AppealPending

Regulatory Event 0 9 0

Arbitration N/A 1 N/A






Disclosure Event Details

What you should know about reported disclosure events:

1. BrokerCheck provides details for any disclosure event that was reported in CRD. It also includessummary information regarding FINRA arbitration awards in cases where the brokerage firm wasnamed as a respondent.

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 brokerage firm is required to disclose a

particular criminal event.3. Disclosure events in BrokerCheck reports come from different sources:

o Disclosure events for this brokerage firm were reported by the firm and/or regulators. When the firmand a regulator report information for the same event, both versions of the event will appear in theBrokerCheck report. The different versions will be separated by a solid line with the reporting sourcelabeled.

4. 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.Please note that firms may choose to settle customer disputes or regulatory matters forbusiness or other reasons.

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

5. You may wish to contact the brokerage firm to obtain further information regarding any of thedisclosure events contained in this BrokerCheck report.

Regulatory - Final

This type of disclosure event involves (1) a final, formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulator such as the U.S. Securities and Exchange Commission,foreign financial regulatory body) for a violation of investment-related rules or regulations; or (2) a revocation orsuspension of the authority of a brokerage firm or its control affiliate to act as an attorney, accountant or federalcontractor.

Disclosure 1 of 9

Reporting Source: Regulator

Allegations: UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITEDPARTNER FAILED TO SUPERVISE THE OUTSIDE BUSINESS ACTIVITIES OFAT LEAST ONE AGENT, LEADING TO INVESTOR HARM.

Current Status: Final






Initiated By: MASSACHUSETTS SECURITIES DIVISION

Principal Sanction(s)/ReliefSought:

Cease and Desist

Other Sanction(s)/ReliefSought:

CENSURE, ADMINISTRATIVE FINE, RESCISSION, RESTITUTION

Date Initiated: 02/14/2018

Docket/Case Number: E-2017-0105

URL for Regulatory Action: HTTP://SEC.STATE.MA.US/SCT/CURRENT/SCTUNITEDPLANNERS/UNITEDPLANNERSIDX.HTM

Principal Product Type: Other

Other Product Type(s): PRIVATE PLACEMENT

Allegations: UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITEDPARTNER FAILED TO SUPERVISE THE OUTSIDE BUSINESS ACTIVITIES OFAT LEAST ONE AGENT, LEADING TO INVESTOR HARM.

Resolution Date: 02/15/2019

Resolution:

Other Sanctions Ordered: UNITED PLANNERS SHALL RETAIN AN INDEPENDENT CONSULTANT TOREVIEW WRITTEN POLICIES AND PROCEDURES

Sanction Details: ADMINISTRATIVE FINE PAID ON 02/22/2019

Regulator Statement UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITEDPARTNER FAILED TO SUPERVISE THE OUTSIDE BUSINESS ACTIVITIES OFAT LEAST ONE AGENT, LEADING TO INVESTOR HARM.

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?

No

Sanctions Ordered: CensureMonetary/Fine $100,000.00Disgorgement/RestitutionCease and Desist/Injunction

Consent

iReporting Source: Firm

Allegations: THE STATE ALLEGES UNITED PLANNERS' FINANCIAL SERVICES OFAMERICA A LIMITED PARTNER FAILED IN ITS DUTY TO SUPERVISE THEOUTSIDE BUSINESS ACTIVITIES OF A REPRESENTATIVE.







Initiated By: MASSACHUSETTS SECURITIES DIVISION


Cease and Desist


CENSURE, ADMINISTRATIVE FINE, RESCISSION, RESTITUTION


Docket/Case Number: E-2017-0105

Principal Product Type: Other

Other Product Type(s): PRIVATE PLACEMENT

Allegations: THE STATE ALLEGES UNITED PLANNERS' FINANCIAL SERVICES OFAMERICA A LIMITED PARTNER FAILED IN ITS DUTY TO SUPERVISE THEOUTSIDE BUSINESS ACTIVITIES OF A REPRESENTATIVE.


Resolution:

Other Sanctions Ordered: UNITED PLANNERS SHALL RETAIN AN INDEPENDENT CONSULTANT TOREVIEW WRITTEN POLICIES AND PROCEDURES

Sanction Details: ADMINISTRATIVE FINE PAID ON 02/22/201

Firm Statement UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITEDPARTNER SETTLED WITH THE STATE OF MASSACHUSETTS WITHOUTADMITTING OR DENYING VIOLATIONS OF MASS. GEN.LAWS CH. 110A §204(A)(2)(J)

Sanctions Ordered: CensureMonetary/Fine $100,000.00Disgorgement/RestitutionCease and Desist/Injunction

Consent

Disclosure 2 of 9

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Reporting Source: Firm

Initiated By: NORTH CAROLINA DEPARTMENT OF INSURANCE


Allegations: THE FIRM FILED A FINRA AWC ON FORM BD; HOWEVER INADVERTENTLYFORGOT TO NOTIFY NIPR AT THAT SAME TIME (WITHIN 30 DAYS). THISWAS SUBSEQUENTLY FOUND BY THE FIRM; HOWEVER IT WAS AFTER THE30 DAYS.








Civil and Administrative Penalt(ies) /Fine(s)



Docket/Case Number: 112630

Principal Product Type: No Product

Other Product Type(s):


Resolution:

Other Sanctions Ordered: NONE

Sanction Details: MONETARY FINE IMPOSED $500.00 WAS PAID IN FULL 8-22-17.

Firm Statement VOLUNTARY SETTLEMENT AGREEMENT

Sanctions Ordered: Monetary/Fine $500.00

Settled

Disclosure 3 of 9

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Allegations: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT FAILED TOESTABLISH AN ADEQUATE SUPERVISORY SYSTEM TO SUPERVISE THEUSE OF CONSOLIDATED REPORTS PREPARED BY ITS REGISTEREDREPRESENTATIVES. THE FINDINGS STATED THAT THE FIRM PERMITTEDAPPROXIMATELY 50 REPRESENTATIVES TO DISSEMINATE CONSOLIDATEDREPORTS TO APPROXIMATELY 600 CUSTOMERS. THE FIRM'SSUPERVISORY SYSTEMS OR PROCEDURES ADDRESSING THE USE ANDSUPERVISION OF CONSOLIDATED REPORTS WERE INADEQUATE, AS THEYDID NOT SUFFICIENTLY ADDRESS MATTERS OF CONCERN SPECIFIC TOCONSOLIDATED REPORTS, SUCH AS THE VERIFICATION OF VALUATIONINFORMATION OR OTHER INFORMATION ENTERED MANUALLY BYREGISTERED REPRESENTATIVES OR ENSURING THAT REGISTEREDREPRESENTATIVES RETAINED SUPPORTING DOCUMENTATION FOR SUCHMANUALLY ENTERED INFORMATION. THE FINDINGS ALSO STATED THAT AREVIEW OF CONSOLIDATED REPORTS ISSUED BY THE FIRM'SREPRESENTATIVES IDENTIFIED INSTANCES IN WHICH REPRESENTATIVESSENT CONSOLIDATED REPORTS TO CUSTOMERS CONTAININGINACCURACIES SUCH AS MANUAL ENTRIES THAT REFLECTED POSITIONSNO LONGER OWNED BY THE CUSTOMER AND MANUAL ENTRIES THATREFLECTED INCORRECT QUANTITIES AND PRICES FOR OTHERPOSITIONS.







Initiated By: FINRA


Other


N/A





WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT FAILED TOESTABLISH AN ADEQUATE SUPERVISORY SYSTEM TO SUPERVISE THEUSE OF CONSOLIDATED REPORTS PREPARED BY ITS REGISTEREDREPRESENTATIVES. THE FINDINGS STATED THAT THE FIRM PERMITTEDAPPROXIMATELY 50 REPRESENTATIVES TO DISSEMINATE CONSOLIDATEDREPORTS TO APPROXIMATELY 600 CUSTOMERS. THE FIRM'SSUPERVISORY SYSTEMS OR PROCEDURES ADDRESSING THE USE ANDSUPERVISION OF CONSOLIDATED REPORTS WERE INADEQUATE, AS THEYDID NOT SUFFICIENTLY ADDRESS MATTERS OF CONCERN SPECIFIC TOCONSOLIDATED REPORTS, SUCH AS THE VERIFICATION OF VALUATIONINFORMATION OR OTHER INFORMATION ENTERED MANUALLY BYREGISTERED REPRESENTATIVES OR ENSURING THAT REGISTEREDREPRESENTATIVES RETAINED SUPPORTING DOCUMENTATION FOR SUCHMANUALLY ENTERED INFORMATION. THE FINDINGS ALSO STATED THAT AREVIEW OF CONSOLIDATED REPORTS ISSUED BY THE FIRM'SREPRESENTATIVES IDENTIFIED INSTANCES IN WHICH REPRESENTATIVESSENT CONSOLIDATED REPORTS TO CUSTOMERS CONTAININGINACCURACIES SUCH AS MANUAL ENTRIES THAT REFLECTED POSITIONSNO LONGER OWNED BY THE CUSTOMER AND MANUAL ENTRIES THATREFLECTED INCORRECT QUANTITIES AND PRICES FOR OTHERPOSITIONS.


Resolution:

Other Sanctions Ordered:

Sanction Details: THE FIRM WAS CENSURED AND FINED $225,000.FINE PAID IN FULL ON OCTOBER 5, 2016.


No

Sanctions Ordered: CensureMonetary/Fine $225,000.00

Acceptance, Waiver & Consent(AWC)


Initiated By: FINRA



Allegations: THE FIRM'S SUPERVISORY SYSTEMS AND PROCEDURES WEREINSUFFICIENT TO SUPERVISE THE USE OF CONSOLIDATED STATEMENTSWITH THE PUBLIC.






https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=2015043357501




Censure


FINE OF $225,000



Other Product Type(s): CONSOLIDATED STATEMENTS


Resolution:


Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS;THEREFORE THE FIRM WAS FINED $225,000.



Disclosure 4 of 9

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Allegations: FINRA RULES 2010, 2330(D), NASD RULES 2110, 2330(C), 2330(D), 3010 -UNITED PLANNERS FINANCIAL SERVICES OF AMERICA, A LIMITEDPARTNERSHIP FAILED TO HAVE IN PLACE A SUPERVISORY SYSTEMREASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH APPLICABLESECURITIES LAWS, PROCEDURES AND NASD RULES WITH RESPECT TOVARIABLE ANNUITY (VA) TRANSACTIONS OF FIELD OFFICE OFSUPERVISORY JURISDICTION (OSJ) SUPERVISORS. THE FIRM PERMITTEDSUCH SUPERVISORS TO SELF-APPROVE THEIR OWN SALE OF VAS ANDITS SYSTEM OF POST-TRANSACTION REVIEW WAS INADEQUATE. THEPOST-TRANSACTION SYSTEM DELEGATED TO A PRINCIPAL THERESPONSIBILITY FOR REVIEWING AND APPROVING VA SALES WHILEFAILING TO PROVIDE EFFECTIVE GUIDANCE, PROCEDURES AND TOOLSAS TO HOW THE REVIEWS WERE TO BE CONDUCTED AND FAILING TOEFFECTIVELY AUDIT THE PROCESS. THE FIRM ALSO DID NOT HAVE ANYSUPERVISORY SYSTEMS TO MONITOR, DETECT OR IDENTIFYPOTENTIALLY UNSUITABLE OR OTHERWISE VIOLATIVE VA TRANSACTIONSAND EXCHANGES. THE FIRM ASSIGNED THE HOME OFFICE OSJSUPERVISOR POSITION TO A PRINCIPAL WHO THE FIRM DID NOTEFFECTIVELY EVALUATE OR TRAIN TO UNDERTAKE THERESPONSIBILITIES OF THE POSITION. THE SYSTEM WAS NOTREASONABLY DESIGNED TO ENSURE THAT VAS WERE SOLD TOCUSTOMERS FOR WHOM THE PRODUCT WAS SUITABLE. THE FIRM'SWRITTEN SUPERVISORY PROCEDURES (WSPS) FAILED TO MAKEREFERENCE TO THE HOME OFFICE OSJ SUPERVISOR'S POSITION ANDDUTIES AND FAILED TO ADEQUATELY DESCRIBE HOW SHE WAS TOUNDERTAKE AND EFFECTUATE THE REVIEW OF SALES OF VAS BY FIELDOSJ SUPERVISORS. THE FIRM'S WSPS DESCRIBED A PROCEDURE FOR VASALES SUPERVISION BY WHICH ITS SUPERVISORY PERSONNEL WERE TOUSE SPONSOR-PROVIDED REPORTS TO IDENTIFY RED FLAGS AND OTHERPOTENTIAL AREAS OF CONCERN BUT KNEW IT WOULD NOT OBTAINTHESE REPORTS AND AFTER THAT, THE SUPERVISION OF VATRANSACTIONS PROCEEDED WITHOUT THE RELEVANT SUPERVISORHAVING ACCESS TO THE REPORTS. WSPS STATED THAT THE HOMEOFFICE OSJ SUPERVISOR WAS TO CONDUCT A WEEKLY REVIEW OF THEBLOTTER, FOR AMONG OTHER THINGS, SUITABILITY AND SWITCHING, ANDTHAT THE COMPLIANCE DEPARTMENT WAS TO CONDUCT AN AUDIT OF ALLOSJ LOCATIONS, BUT NEITHER OF THESE PROCEDURES WASADEQUATELY FOLLOWED. WHILE THE FIRM CONDUCTED AUDITS OF OSJLOCATIONS, IT DID NOT AUDIT THE HOME OFFICE OSJ SUPERVISOR'SREVIEW PROCESS OR WORK. THE FIRM IMPROPERLY ALLOWED ITS FIELDOSJ SUPERVISORS TO SUBMIT THEIR OWN CUSTOMERS' VAAPPLICATIONS TO THE INSURANCE COMPANIES FOR PROCESSING PRIORTO OBTAINING PRINCIPAL REVIEW AND APPROVAL OF THETRANSACTIONS. THE FIRM REVISED ITS WSPS WITH RESPECT TO VASALES TO COMPLY WITH FINRA RULE 2330 BUT THE REVISIONSCONTINUED TO PERMIT FIELD OSJ SUPERVISORS TO APPROVE THEIROWN SALE OF VAS, AND DID NOT BRING THE FIRM INTO COMPLIANCEWITH THE RULE'S REQUIREMENT THAT ALL CUSTOMER VA APPLICATIONSRECEIVE PRINCIPAL REVIEW AND APPROVAL PRIOR TO TRANSMISSION TOTHE INSURANCE CARRIERS. THE FIRM'S PROCEDURES CONTINUED TOSTIPULATE THAT FIELD OSJ SUPERVISORS COULD SELF-APPROVE THEIROWN TRANSACTIONS ON BEHALF OF THE FIRM.








Initiated By: FINRA





Principal Product Type: Annuity(ies) - Variable


FINRA RULES 2010, 2330(D), NASD RULES 2110, 2330(C), 2330(D), 3010 -UNITED PLANNERS FINANCIAL SERVICES OF AMERICA, A LIMITEDPARTNERSHIP FAILED TO HAVE IN PLACE A SUPERVISORY SYSTEMREASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH APPLICABLESECURITIES LAWS, PROCEDURES AND NASD RULES WITH RESPECT TOVARIABLE ANNUITY (VA) TRANSACTIONS OF FIELD OFFICE OFSUPERVISORY JURISDICTION (OSJ) SUPERVISORS. THE FIRM PERMITTEDSUCH SUPERVISORS TO SELF-APPROVE THEIR OWN SALE OF VAS ANDITS SYSTEM OF POST-TRANSACTION REVIEW WAS INADEQUATE. THEPOST-TRANSACTION SYSTEM DELEGATED TO A PRINCIPAL THERESPONSIBILITY FOR REVIEWING AND APPROVING VA SALES WHILEFAILING TO PROVIDE EFFECTIVE GUIDANCE, PROCEDURES AND TOOLSAS TO HOW THE REVIEWS WERE TO BE CONDUCTED AND FAILING TOEFFECTIVELY AUDIT THE PROCESS. THE FIRM ALSO DID NOT HAVE ANYSUPERVISORY SYSTEMS TO MONITOR, DETECT OR IDENTIFYPOTENTIALLY UNSUITABLE OR OTHERWISE VIOLATIVE VA TRANSACTIONSAND EXCHANGES. THE FIRM ASSIGNED THE HOME OFFICE OSJSUPERVISOR POSITION TO A PRINCIPAL WHO THE FIRM DID NOTEFFECTIVELY EVALUATE OR TRAIN TO UNDERTAKE THERESPONSIBILITIES OF THE POSITION. THE SYSTEM WAS NOTREASONABLY DESIGNED TO ENSURE THAT VAS WERE SOLD TOCUSTOMERS FOR WHOM THE PRODUCT WAS SUITABLE. THE FIRM'SWRITTEN SUPERVISORY PROCEDURES (WSPS) FAILED TO MAKEREFERENCE TO THE HOME OFFICE OSJ SUPERVISOR'S POSITION ANDDUTIES AND FAILED TO ADEQUATELY DESCRIBE HOW SHE WAS TOUNDERTAKE AND EFFECTUATE THE REVIEW OF SALES OF VAS BY FIELDOSJ SUPERVISORS. THE FIRM'S WSPS DESCRIBED A PROCEDURE FOR VASALES SUPERVISION BY WHICH ITS SUPERVISORY PERSONNEL WERE TOUSE SPONSOR-PROVIDED REPORTS TO IDENTIFY RED FLAGS AND OTHERPOTENTIAL AREAS OF CONCERN BUT KNEW IT WOULD NOT OBTAINTHESE REPORTS AND AFTER THAT, THE SUPERVISION OF VATRANSACTIONS PROCEEDED WITHOUT THE RELEVANT SUPERVISORHAVING ACCESS TO THE REPORTS. WSPS STATED THAT THE HOMEOFFICE OSJ SUPERVISOR WAS TO CONDUCT A WEEKLY REVIEW OF THEBLOTTER, FOR AMONG OTHER THINGS, SUITABILITY AND SWITCHING, ANDTHAT THE COMPLIANCE DEPARTMENT WAS TO CONDUCT AN AUDIT OF ALLOSJ LOCATIONS, BUT NEITHER OF THESE PROCEDURES WASADEQUATELY FOLLOWED. WHILE THE FIRM CONDUCTED AUDITS OF OSJLOCATIONS, IT DID NOT AUDIT THE HOME OFFICE OSJ SUPERVISOR'SREVIEW PROCESS OR WORK. THE FIRM IMPROPERLY ALLOWED ITS FIELDOSJ SUPERVISORS TO SUBMIT THEIR OWN CUSTOMERS' VAAPPLICATIONS TO THE INSURANCE COMPANIES FOR PROCESSING PRIORTO OBTAINING PRINCIPAL REVIEW AND APPROVAL OF THETRANSACTIONS. THE FIRM REVISED ITS WSPS WITH RESPECT TO VASALES TO COMPLY WITH FINRA RULE 2330 BUT THE REVISIONSCONTINUED TO PERMIT FIELD OSJ SUPERVISORS TO APPROVE THEIROWN SALE OF VAS, AND DID NOT BRING THE FIRM INTO COMPLIANCEWITH THE RULE'S REQUIREMENT THAT ALL CUSTOMER VA APPLICATIONSRECEIVE PRINCIPAL REVIEW AND APPROVAL PRIOR TO TRANSMISSION TOTHE INSURANCE CARRIERS. THE FIRM'S PROCEDURES CONTINUED TOSTIPULATE THAT FIELD OSJ SUPERVISORS COULD SELF-APPROVE THEIROWN TRANSACTIONS ON BEHALF OF THE FIRM.









Resolution:


Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS;THEREFORE, THE FIRM IS CENSURED AND FINED $200,000. FINE PAID INFULL ON 08/02/2012.


No




Initiated By: FINRA





Principal Product Type: Annuity(ies) - Variable


Allegations: FINRA RULES 2010, 2330(D), NASD RULES 2110, 2330(C), 2330(D), 3010 -UNITED PLANNERS FINANCIAL SERVICES OF AMERICA, A LIMITEDPARTNERSHIP FAILED TO HAVE IN PLACE A SUPERVISORY SYSTEMREASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH APPLICABLESECURITIES LAWS, PROCEDURES AND NASD RULES WITH RESPECT TOVARIABLE ANNUITY (VA) TRANSACTIONS OF FIELD OFFICE OFSUPERVISORY JURISDICTION (OSJ) SUPERVISORS. THE FIRM PERMITTEDSUCH SUPERVISORS TO SELF-APPROVE THEIR OWN SALE OF VA AND ITSSYSTEM OF POST-TRANSACTION REVIEW WAS INADEQUATE.










Resolution:


Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS;THEREFORE, THE FIRN IS FINED $200,000.00

Firm Statement THE FIRM HAS ADOPTED NEW POLICIES AND PROCEDURES INACCORDANCE WITH APPLICABLE SECURITIES LAWS.



Disclosure 5 of 9

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Initiated By: ARIZONA CORPORATION COMMISSION


Censure



Docket/Case Number: S-03367A-01-0000



Allegations: UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITEDPARTNER, FAILED TO REASONABLY SUPERVISE ITS SALESPERSONS BYESTABLISHING AND MAINTAINING WRITTEN PROCEDURES, AND A SYSTEMFOR APPLYING SUCH PROCEDURES, WHICH WOULD REASONABLY BEEXPECTED TO PREVENT AND DETECT, INSOFAR AS PRACTICABLE,POTENTIAL VIOLATIONS OF THE SECURITIES ACT, OR OF THE RULES ORREGULATIONS ADOPTED THEREUNDER.



Resolution:

Sanctions Ordered: Monetary/Fine $75,000.00







Other Sanctions Ordered: TO ADOPT, IMPLEMENT AND MAINTAIN REMEDIAL MEASURES AND NEWSUPERVISORY AND COMPLIANCE PROCEDURES.

Sanction Details: UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITEDPARTNER, PAID $75,000.00 FINE IN FULL ON 6/05/2001.

Firm Statement THE FIRM HAS ADOPTED NEW POLICIES AND PROCEDURES INACCORDANCE WITH STATE AND FEDERAL REGULATORY AGENCIES.


Disclosure 6 of 9

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Initiated By: ARIZONA CORPORATION COMMISSION, SECURITIES DIVISION


Cease and Desist


ORDER OF RESTITUTION, RESCISSION, DAMAGES, PENALTIES ORDISGORGEMENT


Docket/Case Number: S-03367A-01-0000 DECISION # 637320

URL for Regulatory Action:



Allegations: UNITED PLANNERS' FAILED TO REASONABLY SUPERVISE SOME OF ITSREGISTERED REPRESENTATIVES, PARTICULARLY ROBERT SCALZI. MR.SCALZI SOLD UNREGISTERED SECURITIES OF MEDCO INC. TO TWOMARRIED COUPLES AND ONE INDIVIDUAL INVESTOR. UNITED PLANNERS'KNEW OR SHOULD HAVE KNOWN OF FACTS AND CIRCUMSTANCES THATWOULD HAVE PUT IT ON NOTICE OF POSSIBLE VIOLATIONS BY SOME OFITS SALESPERSONS.



Resolution:


Sanction Details: UNITED PLANNERS' CONSENTED TO AN ORDER TO CEASE AND DESIST,ORDER FOR RESTITUTION, ORDER FOR ADMINISTRATIVE PENALTY ANDCONSENT TO SAME. IN ACCORDANCE WITH THE ORDER, UNITEDPLANNERS' PAID $4,538 IN RESTITUTION AND $75,000 IN PENALTIES.

Sanctions Ordered: Monetary/Fine $75,000.00Disgorgement/RestitutionCease and Desist/Injunction

Consent






Sanction Details: UNITED PLANNERS' CONSENTED TO AN ORDER TO CEASE AND DESIST,ORDER FOR RESTITUTION, ORDER FOR ADMINISTRATIVE PENALTY ANDCONSENT TO SAME. IN ACCORDANCE WITH THE ORDER, UNITEDPLANNERS' PAID $4,538 IN RESTITUTION AND $75,000 IN PENALTIES.


Initiated By: ARIZONA CORPORATIONS COMMISION, SECURITIES DIVISION


Censure



Docket/Case Number: S-03367A-00-0000



Allegations: THE DIVISION HAS REVIEWED INSTANCES OF SELLING AWAY BY TWOAGENTS AND THE SUPERVISORY PROCEDURES FOLLOWED BY THE FIRMIN CONJUNCTION THEREWITH. THEY ALSO REVIEWED THE FIRM'SINSPECTION AND TRAINING PROCEDURES.



Resolution:

Other Sanctions Ordered: TO ADOPT, IMPLEMENT AND MAINTAIN REMEDIAL MEASURES ANDSUPERVISORY AND COMPLIANCE PROCEDURES.

Sanction Details: UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITEDPARTNER PAID IN FULL $75000.00 FINE 6/5/01

Firm Statement THE DIVISION HAS REVIEWED INSTANCES OF SELLING AWAY BY TWOAGENTS AND THE SUPERVISORY PROCEDURES FOLLOWED BY THE FIRMIN CONJUNCTION THEREWITH. THEY ALSO REVIEWED THE FIRM'SINSPECTION AND TRAINING PROCEDURES. THE FIRM HAS ADOPTED NEWPOLICIES AND PROCEDURES IN ACCORDANCE WITH STATE AND FEDERALREGULATIONS



Disclosure 7 of 9

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Disclosure 7 of 9


Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.




Docket/Case Number: C3A010006



Allegations: 03-06-01, NASD RULES 1120, 3010(A)(7),3010(C),3070 - RESPONDENTMEMBER, ACTING THROUGH AN INDIVIDUAL, FAILED TO INSPECT EACHOFFICE OF SUPERVISORY JURISDICTION ANNUALLY,FAILED TO ESTABLISHAND SET FORTH IN THE FIRM'S WRITTEN SUPERVISORY PROCEDURES ASCHEDULE FOR THE PERIODIC INSPECTION OF THE FIRM'S BRANCHOFFICES, FAILED TO CONDUCT ANNUAL COMPLIANCE INTERVIEWS WITHEACH REGISTERED REPRESENTATIVE, AND PREPARE A NEEDS ANALYSISAND WRITTEN TRAINING PLAN AT LEAST ANNUALLY AND IMPLEMENT AFIRM ELEMENT CONTINUING EDUCATION PROGRAM FOR ITS COVEREDPERSONS; AND, ACTING THROUGH AN INDIVIDUAL, FAILED TO REPORTCUSTOMER COMPLAINTS IN A QUARTERLY REPORT AND FAILED TOREPORT THE SETTLEMENT OF ARBITRATIONS TO THE NASD.



Resolution:


Sanction Details: CENSURED AND FINED $50,000




Allegations: THE NASD ALLEGED THAT THE FIRM FAILED TO: INSPECT CERTAINOFFICES OF SUPERVISORY JURISDICTION ANNUALLY AND TO ESTABLISH ASCHEDULE FOR THE INSPECTION OF OFFICES (CONDUCT RULE 3010(C);CONDUCT ANNUAL COMPLIANCE INTERVIEW WITH CERTAIN REGISTEREDREPRESENTATIVES [CR 3010(A)(7)] TO REPORT FIVE CUSTOMERCOMPLAINTS AND TWO ARBITRATIONS [CR 3070]; TO PREPARE A NEEDSANALYSIS AND WRITTEN TRAINING PLAN ANNUALLY AND IMPLEMENT THEFIRM ELEMENT PROGRAM [CR 1120].







Initiated By: NASD REGULATION, INC.





Docket/Case Number: E3A990278



Allegations: THE NASD ALLEGED THAT THE FIRM FAILED TO: INSPECT CERTAINOFFICES OF SUPERVISORY JURISDICTION ANNUALLY AND TO ESTABLISH ASCHEDULE FOR THE INSPECTION OF OFFICES (CONDUCT RULE 3010(C);CONDUCT ANNUAL COMPLIANCE INTERVIEW WITH CERTAIN REGISTEREDREPRESENTATIVES [CR 3010(A)(7)] TO REPORT FIVE CUSTOMERCOMPLAINTS AND TWO ARBITRATIONS [CR 3070]; TO PREPARE A NEEDSANALYSIS AND WRITTEN TRAINING PLAN ANNUALLY AND IMPLEMENT THEFIRM ELEMENT PROGRAM [CR 1120].


Resolution:


Sanction Details: CENSURE AND FINE IN THE AMOUNT OF $50,000.00 TO UNITED PLANNERS.

Firm Statement WITHOUT ADMITTING OR DENYING THE ALLEGATONS, UNITED PLANNERS'FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER, ENTERED INTO ANAGREEMENT WITH THE NASD FOR FAILURE TO: INSPECT CERTAINOFFICES OF SUPERVISORY JURISDICTION ANNUALLY AND TO ESTABLISH ASCHEDULE FOR THE INSPECTION OF OFFICES; CONDUCT ANNUALCOMPLIANCE INTERVIEW WITH CERTAIN REGISTERED REPRESENTATIVESTO REPORT FIVE CUSTOMER COMPLAINTS AND TWO ARBITRATIONS; TOPREPARE A NEEDS ANALYSIS AND WRITTEN TRAINING PLAN ANNUALLYAND IMPLEMENT THE FIRM ELEMENT PROGRAM.



Disclosure 8 of 9

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Allegations: THE STATE OF FLORIDA, DEPARTMENT OF BANKING AND FINANCE,DIVISION OF SECURITIES, ALLEGED THAT UNITED PLANNERS' FINANCIALSERVICES OF AMERICA A LIMITED PARTNER, CONDUCTED SECURITIES/ADVISORY BUSINESS IN FLORIDA, AT FIVE LOCATIONS, WITHOUT BENEFITOF LAWFUL REGISTRATION IN VIOLATION OF FLORIDA STATUTES ANDFLORIDA ADMINISTRATIVE CODE.







Initiated By: STATE OF FLORIDA DEPARTMENT OF BANKING AND FINANCE DIVISION





Docket/Case Number: ADMINISTRATIVE PROCEEDING NO. 2856-5-9/9



Allegations: THE STATE OF FLORIDA, DEPARTMENT OF BANKING AND FINANCE,DIVISION OF SECURITIES, ALLEGED THAT UNITED PLANNERS' FINANCIALSERVICES OF AMERICA A LIMITED PARTNER, CONDUCTED SECURITIES/ADVISORY BUSINESS IN FLORIDA, AT FIVE LOCATIONS, WITHOUT BENEFITOF LAWFUL REGISTRATION IN VIOLATION OF FLORIDA STATUTES ANDFLORIDA ADMINISTRATIVE CODE.


Resolution:


Sanction Details: AN ADMINISTRATIVE FINE IN THE AMOUNT OF FIVE THOUSAND DOLLARS,MADE PAYABLE TO THE SECURITIES ANTI-FRAUD TRUST FUND WAS PAIDON OCTOBER 12, 1999.

Sanctions Ordered: Monetary/Fine $5,000.00Cease and Desist/Injunction

Stipulation and Consent

Disclosure 9 of 9

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Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.



Docket/Case Number: C3A940067

Principal Product Type:


Allegations:










Resolution:


Sanction Details:

Regulator Statement COMPLAINT NO. C3A940067 FILED DECEMBER 22, 1994 BY DISTRICT NO.3 AGAINST UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA,EDWARD BARCALO VALLONE, II, AND VAUGHN SHELDON OLTHOUSEALLEGING VIOLATIONS OF ARTICLE III, SECTION 1 OF THE RULES OFFAIR PRACTICE IN THAT, IN CONTRAVENTION OF THE REQUIREMENTS OFTHE INTERPRETATION OF THE BOARD OF GOVERNORS ENTITLED"FREE-RIDING AND WITHHOLDING", RESPONDENT MEMBER, ACTINGTHROUGH RESPONDENTS OLTHOUSE AND VALLONE, SOLD SHARES OFSECURITIES TO THE ACCOUNT OF PUBLIC CUSTOMERS DURING THEINITIAL PUBLIC OFFERING FOR THESE SECURITIES AT THE PUBLICOFFERING PRICE WHICH TRADED AT AN IMMEDIATE PREMIUM IN THESECONDARY MARKET, AND CAUSED SECURITIES TO BE SOLD TO THEACCOUNT OF AN ENTITY OF THE CUSTOMERS AS TO WHETHER THEULTIMATE PURCHASERS WOULD BE, AMONG OTHERS, ANY SENIOROFFICEROF A BANK, SAVINGS AND LOAN, REGISTERED INVESTMENT COMPANY ORANY OTHER PERSON WHOSE DIRECTLY OR INDIRECTLY ARE RELATED TOTHE FUNCTION OF BUYING AND SELLING SECURITIES FOR ANY BANK ORREGISTERED INVESTMENT COMPANY.

ON JUNE 13, 1995, THE DECISION AND ORDER OF ACCEPTANCE OF OFFEROF SETTLEMENT SUBMITTED BY RESPONDENTS MEMBER, OLTHOUSEANDVALLONE WAS ISSUED; THEREFORE, THEY ARE CENSURED AND FINED$2,500, JOINTLY AND SEVERALLY. THE COMMITTEE DISMISSED THEALLEGATIONS RELATING TO ITS ALLEGED FAILURE TO MAKE ANAFFIRMATIVE INQUIRY REGARDING RESPONDENT MEMBER PROVIDEDADDITIONAL INFORMATION SUBSEQUENT TO THE FILING OF THECOMPLAINT.************************************************************ ***$2,500.00 J&S PAID ON 6/27/95 INVOICE NO. 95-3A-376***


Consent







Initiated By: NASD


Other


ADMINISTRATIVE


Docket/Case Number: COMPLAINT #C3A940067

Principal Product Type: Equity - OTC


Allegations: ALLEGATIONS OF VIOLATION OF ARTICLE III, SECTION I OF THEASSOCIATIONS RULES OF FAIR PRACTICE IN FAILING TO COMPLY WITHPROVISION OF THE INTERPRETATION OF THE BOARD OF GOVENORSENTITLED "FREERIDING & WITHHOLDING".



Resolution:


Sanction Details: FINE WAS PAID BY APPLICANT ON 6/23/1995


Settled






Arbitration Award - Award / Judgment

Brokerage firms are not required to report arbitration claims filed against them by customers; however, BrokerCheckprovides summary information regarding FINRA arbitration awards involving securities and commodities disputesbetween public customers and registered securities firms in this section of the report. The full text of arbitration awards issued by FINRA is available at www.finra.org/awardsonline.

Disclosure 1 of 1


Type of Event: ARBITRATION

Arbitration Forum:

Case Initiated:

Case Number:

Allegations:

Disputed Product Type:

Sum of All Relief Requested:

Disposition:

Disposition Date:

Sum of All Relief Awarded:

NASD

04/19/1995

95-01745

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TOSUPERVISE

NO OTHER TYPE OF SEC INVOLVE; LIMITED PARTNERSHIPS; MUTUALFUNDS

$1,661,776.00

AWARD AGAINST PARTY

11/17/1995

$75,000.00

There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.





www.finra.org/awardsonline

https://www.finra.org/arbitration-mediation/arbitration-awards-online?search=95-01745


End of Report

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