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BOBBY MITCHELL TAYLOR

BOBBY MITCHELL TAYLOR is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 825 20TH ST, HALEYVILLE, AL, 35565.

BOBBY MITCHELL TAYLOR has worked at LPL FINANCIAL LLC since July 16, 2015

Disclosure History

BOBBY MITCHELL TAYLOR has 1 Disclosure Event(s).

Date: December 09, 2008
Category: Customer Dispute
Allegations: 3/31/08-11/08; CLIENT STATES ON 03/31/08 HIS FA ADVISED HIM TO PURCHASE SOME GOVERNMENT BONDS THAT HAD AN ATTRACTIVE YIELD. CLIENT STATES FA ADVISED HIM THEY WERE SAFE INVESTMENTS LIKE THE FEDERAL BONDS ALREADY HELD IN HIS ACCOUNTS. CLIENT STATES HE LATER REALIZED THAT HE OWNED STOCK INSTEAD OF BONDS AND CONTACTED THE FA AND WAS TOLD NOT TO WORRY THAT HE WOULD NOT LOSE ANY MONEY UNLESS THE GOVERNMENT GOES BROKE. POTENTIAL LOSSES EXCEED $5000.
Damage Amount Requested: $5,000.00
Broker Comment: FA HAS INDICATED HE DID CONTACT THE CLIENT IN MARCH AND RECOMMENDED THE PURCHASE OF THE FREDDIE MAC PREFERRED STOCK, NOT BONDS AS THE CLIENT STATES IN HIS LETTER. FA HAS STATED HE EXPLAINED TO THE CLIENT THE RISKS ASSOCIATED WITH THE PURCHASE INCLUDING THAT THE PRICE OF THE STOCK COULD FLUCTUATE. IT IS OUR UNDERSTANDING AFTER THE PRICE BEGAN TO DECLINE; THE CLIENT CONTACTED THE FA REGARDING HIS CONCERNS. AT THIS TIME, THE FA HAS STATED HE RECOMMENDED THAT THE CLIENT SELL THE INVESTMENT, HOWEVER THE CLIENT DECLINED. IN CLOSING, EDWARD JONES ATTEMPTS TO PROVIDE OUR FINANCIAL ADVISORS WITH OPINIONS AND/OR RESEARCH, SUCH AS THE RESEARCH THE FA USED IN DISCUSSING THIS PURCHASE. THIS IS INFORMATION THAT IS AVAILABLE AT THE TIME IT IS PUBLISHED. WHILE WE BELIEVE THE INFORMATION ON WHICH THE OPINION IS BASED IS RELIABLE, IT IS NOT GUARANTEED.

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