CLARK BARLOW JOLLEY is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 25419 ALTOS DRIVE, VALENCIA, CA, 91355-3137.
CLARK BARLOW JOLLEY has worked at LPL FINANCIAL LLC since September 08, 2009
Disclosure History
CLARK BARLOW JOLLEY has 6 Disclosure Event(s).
Date: April 22, 1994 Category: Customer Dispute Allegations: ALLEGED FRAUD, AIDING AND ABETTING FRAUD,BREACH OF FIDUCIARY DUTY. ALLEGED VIOLATION OF CA CODE 25400,25401, 25501. ALLEGED SEC SECURITY FRAUD UNDER SEC 10(B),VIOLATION OF SEC 12 (2). NEGILGENT MISREPRESENTATIONS.VIOLATION ELDER ABUSE, BREACH OF IMPLIED COVENANT OF GOOD FAITHAND FAIR DEALING. VIOLATION OF RICO SECTION 1962 (A), 1962 (B),1962 (C), 1962 (D). CLAIM ALLEGES $3,360,586 OF DAMAGES. Damage Amount Requested: $3,600,000.00 Broker Comment: MATTER WAS DISMISSED WITH PREJUDICE.REPRESENTATIVE WAS NOT REQUIRED TO PAY ANY AMOUNT OFSETTLEMENT.I CONTESTED THE ALLEGATION IN THIS MATTER. ATDISMISSAL THERE WERE NO FINDINGS OF FAULT AGAINST ME AND I WASNOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT FUND.
Date: March 05, 1993 Category: Customer Dispute Allegations: ALLEGED FRAUD, AIDING AND ABETTING FRAUD,NEGLIGENT MISREPRESENTATIONS, BREACH OF FIDUCIARY DUTY. ALLEGEDVIOLATION OF CORPORATION CODE 25400 (D), 25401, 25501, 25504AND 25504.1. ALLEGED BREACH OF CONTRACT, UNFAIR COMPETITION,NEGLIGENT VIOLATION OF RIGHT OF PRIVACY, BREACH OF IMPLIEDCOVENANT OF GOOD FAITH AND FAIR PRACTICE. ALLEGED VIOLATION OFRICO SECTION 1962 (A), 1962 (B), 1962 (C), 1962 (D). CLAIMALLEGES $3,360,286 OF DAMAGES. Damage Amount Requested: $3,360,286.00 Broker Comment: MATTER WAS DISMISSED WITH PREJUDICE.I CONTESTED THE ALLEGATION IN THIS MATTER. ATDISMISSAL THERE WERE NO FINDINGS OF FAULT AGAINST ME AND I WASNOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT FUND.
Date: December 16, 1987 Category: Customer Dispute Allegations: CUSTOMER INVESTED IN SIX LIMITEDPARTNERSHIPS, SOME OF WHICH FAILED TO PERFORM TO CUSTOMER'SSATISFACTION. THE 6 WERE: (1) TIDWELL INVESTORS, (2) DAIRY WORLDGENETICS, (3) AMERICAN PRINCIPALS' KIMBALL HOUSE, (4) LINDSAY'SPLANTATION HOUSE, (5) ENERGY SCIENCES, (6) KINDERHILL BREEDING &RACING. ALL OF THESE INVESTMENTS WERE TAX SHELTERS AND THE TOTALINVESTMENT WAS $142,000. THE CUSTOMER REQUESTED RESTITUTION. Damage Amount Requested: $142,000.00 Settlement Amount: $20,000.00 Broker Comment: BOARDWALK, FORMERLY WESTLAKE SECURITIES, ANDJOLLEY AGREED TO PAY $20,000 TO CUSTOMER. PAYMENT WAS MADE1/20/90 FOR A FULL RELEASE.
Date: September 01, 1986 Category: Customer Dispute Allegations: CUSTOMER INVESTED IN FOUR LIMITED PARTNERSHIPSTHAT FAILED TO PERFORM AND DEMANDED RESTITUTION. THE FOURINVESTMENTS WERE: (1) AMERICAN PRINCIPALS PARTICIPATING FIRSTTRUST DEED NOTES [RIALTO PARTNERS], (2) FPCI SHALLOW WELL OIL &GAS, (3) MOVE-ON WILSHIRE/ROSALEA, & (4) AMERICAN PRINCIPALSAMERICAN ALTERNATIVE ENERGY. THE TOTAL INVESTMENT WAS $172,000. 8a. THE SETTLEMENT HAS BEEN PAID AS AGREED. 8b. ARBITRATION DECISION WAS REACHED ON 10/20/86 8c. THE CLAIMANT WAS AWARDED $172,000 AND PUNITIVE DAMAGESWERE DENIED. THE B/D FIRM (WESTLAKE SECURITIES SUBSEQUENTLYNAMED BOARDWALK CAPITAL) AND I WERE HELD JOINTLY AND SEVERALLYLIABLE. I PAID $15,000 AND WESTLAKE PAID A LUMP SUM AND AGREEDTO MAKE MONTHLY PRINCIPAL REDUCTIONS. THERE WERE NO FINES,SUSPENSION OR RESTRICTIONS. Damage Amount Requested: $172,000.00 Damages Granted: $172,000.00 Broker Comment:
Date: July 01, 1986 Category: Customer Dispute Allegations: IT WAS ALLEGED THAT I SOLD THE CLIENT A "BAD"IVNESTMENT. CLIENT PURCHASED $30,000 OF "AMERICAN PRINCIPALS"PARTICIPATING 11ST TRUST DEED NOTES." THE INVESTMENT FAILED TOPERFORM AND CLIENT DEMANDED RESTITUTION. Damage Amount Requested: $30,000.00 Settlement Amount: $30,000.00 Broker Comment: MY BROKER/DEALER, WESTLAKE SECURITIES SUBSEQUENTLNAMED BOARDWALK CAPITAL, AND I SPLIT THE SETTLEMENT AND REPAIDTHE CLIENT $30,000.
Date: May 29, 1985 Category: Regulatory
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