BLAKE ROBERT DUNLOP is currently employed as a Broker and/or Investment Adviser at BENJAMIN F. EDWARDS & COMPANY, INC. located at 1 N. BRENTWOOD BLVD., SUITE 510, CLAYTON, MO, 63105.
BLAKE ROBERT DUNLOP has worked at BENJAMIN F. EDWARDS & COMPANY, INC. since September 24, 2010
Disclosure History
BLAKE ROBERT DUNLOP has 2 Disclosure Event(s).
Date: June 20, 2008 Category: Customer Dispute Allegations: ALLEGED UNTRUE STATEMENTS OF MATERIAL FACTS AND FAILURE TO DISCLOSE. ALLEGED DAMAGES WERE ESTIMATED TO BE OVER $5,000. (DATES OF ACTIVITY WERE NOT SPECIFIED) Settlement Amount: $700,000.00 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENT TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.
Date: April 04, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGED THAT I MADE UNTRUE STATEMENTS OF MATERIAL FACT CONCERNING THE MISREPRESENTATION OF THE LIQUIDITY OF AND RISK ASSOCIATED WITH AUCTION RATE SECURITIES. DAMAGES BELIEVED TO BE ABOVE $5,000. (2007)LITIGATION ALLEGATIONS: ALLEGED VIOLATION OF FEDERAL AND STATE STATUTES, OMISSION OF MATERIAL FACT, INTENTIONAL MISREPRESENTATION, NEGLIGENT MISREPRESENTATION, BREACH OF FIDUCIARY DUTY, NEGLIGENCE, AND UNSUITABILITY. Damage Amount Requested: $3,682,584.00 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENT TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.THIS COMPLAINT AROSE AS A RESULT OF THE UNPRECEDENTED ILLIQUIDITY IN THE AUCTION RATE SECURITIES MARKET, WHICH IS A SITUATION THE FA DID NOT CAUSE, AND OVER WHICH THE FA HAD NO CONTROL.**PURSUANT TO MOTION TO COMPEL TO ARBITRATION, CLAIMANTS' LAWSUIT WAS DISMISSED.**
More Information
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