CLIFFORD E FELLOWS

CLIFFORD E FELLOWS is currently employed as a Broker and/or Investment Adviser at INDEPENDENT FINANCIAL GROUP, LLC located at 24681 LA PLAZA SUITE 333, DANA POINT, CA, 92629.

CLIFFORD E FELLOWS has worked at INDEPENDENT FINANCIAL GROUP, LLC since August 17, 2009

Disclosure History

CLIFFORD E FELLOWS has 1 Disclosure Event(s).

Date: March 05, 1993
Category: Customer Dispute
Allegations: ALLEGED FRAUD, NEGLIGENT MISREPRESENTATION, BREACH OF FIDUCIARY DUTY. VIOLATION OF CALIFORNIA CODE.
Damage Amount Requested: $33,000,000.00
Settlement Amount: $1,500,000.00
Broker Comment: MATTER WAS DISMISSED WITH PREJUDICE. THE COMPLAINT ALLEGED OVER $33,000,000 IN DAMAGES AGAINST NUMEROUS DEFENDENTS ARISING FROM THE SALE OF LIMITED PARTNERSHIPS TO HUNDREDS OF INVESTORS. TITAN, MY BROKER/DEALER, SETTLED THE CASE FOR $1,500,000, A FRACTION OF THE ALLEGED DAMAGES. I WAS DISMISSED AT THE TIME OF THE SETTLEMENT. I CONTESTED THE ALLEGATION IN THIS MATTER. AT DISMISSAL, THERE WERE NO FINDINGS OF FAULT AGAINST ME AND I WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT.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.

More Information

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