CHARLES ROBERT FISCHER is currently employed as a Broker and/or Investment Adviser at CALTON & ASSOCIATES, INC. located at 1500 Valley River Drive, Suite 315, Eugene, OR, 97401.
CHARLES ROBERT FISCHER has worked at CALTON & ASSOCIATES, INC. since November 14, 2017
CHARLES ROBERT FISCHER has 2 Disclosure Event(s).
Date: August 05, 2016 Category: Customer Dispute Allegations: Misrepresentation, Suitability, negligence, fraud, breach of fiduciary duties, violation of state securities laws Damage Amount Requested: $500,000.00 Settlement Amount: $165,000.00 Broker Comment: IMS Securities and the representative deny the allegations by claimants. IMS Securities should not be held liable for the actions of a Hedge Fund attacking an investment of the claimant, or for the usual cyclical decline of the markets in some of the investments made over a decade.Claimant wanted risk-less growth investing with the diversification of over 30 different investments and applied for arbitration to cover any losses.A settlement was arrived at by mediation at the request of the E&O insurer to restrain legal expenses and claimant kept the disputed investments.
Date: December 17, 2014 Category: Customer Dispute Allegations: NEGLIGENCE, INVESTMENTS WERE MADE IN 2009 Damage Amount Requested: $240,000.00 Settlement Amount: $146,500.00 Broker Comment: The claimants, (one of whom was a sophisticated and accredited investor and advised the other) wanted aggressive growth returns later in hindsight. The claimants admitted they did not lose money, and achieved the moderate growth returns target as originally agreed upon with the IMS Securities representative.IMS Securities Inc. and the representative deny the unfounded allegations of negligence. Parties went to mediation at the request of the E&O insurer, whereupon a settlement was arrived at to discontinue legal expenses. (The claimants kept the disputed investments.)
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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