CHRISTOPHER R. CAMBURN is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 400 Market Street, Ste 360, Philadelphia, PA, 19106.
CHRISTOPHER R. CAMBURN has worked at LPL FINANCIAL LLC since January 04, 2010
Disclosure History
CHRISTOPHER R. CAMBURN has 3 Disclosure Event(s).
Date: February 28, 2011 Category: Financial Type: Compromise Disposition: Satisfied/Released
Date: April 18, 2008 Category: Customer Dispute Allegations: PENNSYLVANIA RESIDENT WRITES TO HIS STATE SENATOR THAT HE BELIEVED HE WAS PURCHASING A SAFE, LIQUID INVSTMENT WHEN HE INVESTED $300,000 IN AUCTION RATE SECURITIES BETWEEN 1/17/08 AND 2/11/08. HE IS ASKING THAT WACHOVIA REIMBURSE HIM FOR THE $300,000. Damage Amount Requested: $300,000.00 Settlement Amount: $75,000.00 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 PAYMENTS 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: March 05, 2008 Category: Customer Dispute Allegations: PENNSYLVANIA RESIDENT WRITES THAT HE WAS NOT TOLD ABOUT A RISK TO LIQUIDITY WHEN HE INVESTED $600,000 IN A VARIETY OF AUCTION RATE PREFERRED SECURITIES BETWEEN 1/17/08 AND 2/11/08. BECAUSE OF AUCTION FAILURES THE CLIENT'S FUNDS ARE CURRENTLY ILLIQUID. HE IS REQUESTED IMMEDIATE LIQUIDATION. THE FIRM CANNOT REASONABLE ESTIMATE THE DAMAGES TO BE LESS THAN $5,000. Damage Amount Requested: $5,000.00 Settlement Amount: $250,000.00 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 PAYMENTS 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.
More Information
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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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