CONRAD LEE KERBER is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 6200 BAKER RD SUITE 100, EDEN PRAIRIE, MN, 55346.
CONRAD LEE KERBER has worked at LPL FINANCIAL LLC since February 14, 2018
CONRAD LEE KERBER has 6 Disclosure Event(s).
Date: March 20, 1998 Category: Regulatory Initiated By: STATE OF MINNESOTA DEPT OF COMMERCE Allegations: VARIABLE ANNUITY APPLICATION WAS DENIED AND BY CONSENT AN ORDER WAS ISSUED THAT I WOULD NOT REAPPLY UNTIL 03/20/2000. Resolution: Consent Sanction Details: AGREED NOT TO APPLY FOR VARIABLE ANNUITY INSURANCE LICENSE FOR THE PERIOD 03/20/1998 TO 03/20/2000. Broker Comment: VARIABLE ANNUITY APPLICATION WAS DENIED AND BY CONSENT AN ORDER WAS ISSUED THAT I WOULD NOT REAPPLY UNTIL 03/20/2000.
Date: January 20, 1998 Category: Regulatory Initiated By: MINNESOTA DEPARTMENT OF COMMERCE Allegations: AN ORDER FOR A HEARING WAS ISSUED IN MY APPLICATION FOR VARIABLE ANNUITY INSURANCE AGENT LICENSE. Resolution: Order Broker Comment: AN ORDER FOR A HEARING WAS ISSUED IN MY APPLICATION FOR VARIABLE ANNUITY INSURANCE AGENT LICENSE.
Date: December 09, 1997 Category: Regulatory Initiated By: STATE OF MINNESOTA DEPARTMENT OF COMMERCE Allegations: STATE DENIED MY APPLICATION FOR A VARIABLE ANNUITY INSURANCE LICENSE. Resolution: Other Broker Comment: NOTICE WAS PROVIDED THAT MY APPLICATION FOR VARIABLE ANNUITY INSURANCE LICENSE WAS DENIED. NO OTHER SANCTIONS.
Date: August 18, 1997 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT IN THE SPRING OF 1996, THE REPRESENTATIVE RECOMMENDED INVESTMENTS WITH OTHER FIRMS TO INVEST IN A VARIABLE ANNUITY AND THREE LIMITED PARTNERSHIPS. CLIENTS ALLEGE THE INVESTMENTS WERE UNSUITABLE. Damage Amount Requested: $427,000.00 Settlement Amount: $51,179.50 Broker Comment: CLIENT SETTLED DISPUTE WITH REPRESENTATIVE FOR A SETTLEMENT OF $51,179.53 AND THE RETURN OF OTHER INVESTMENTS, INSURANCE PREMIUMS AND 5% ANNUAL INTEREST.
Date: March 26, 1997 Category: Regulatory Initiated By: STATE OF MINNESOTA Allegations: ALLEGED VIOLATION OF MINN. STAT. 8,80A,07, SUBD.1 (1) IN THAT YOU HAVE FILED A FALSE OR MISLEADING APPLICATION FOR INVESTMENT ADVISER LICENSURE.
Date: March 06, 1995 Category: Regulatory Initiated By: ARLOA MOLSTAD - SR. COMMERCE INVESTIGATORENFORCEMENT DIVISION Allegations: I ALLOWED A PERSON TO SOLICIT INSURANCEBEFORE BEING PROPERLY LICENSED, FAILED IN MY DUTIES AS ASUPERVISING AGENT, IN VIOLATION OF MINNESOTA STATUTE 60K.11 ANDMINNESOTA RULES 2795.0800, SUBD. 1A. ALSO FAILED TO RESPOND TOTHE DEPT. WITHIN TIME FRAMES REQUIRED - VIOLATION OF MNSTATUTEES 45.027, SUBD. 1A. Resolution: Consent SanctionDetails: Sanctions: Suspension Sanction Details: TWO WEEK SUSPENSION OF INSURANCE LICENSE,EFFECTIVE 12:01 A.M. OCTOBER 30, 1995 THROUGH 12:01 A.M.NOVEMBER 13, 1995. Broker Comment: I HAD A `NOT YET LICENSED` INSURANCE AGENT SIT INON AN ANNUITY PRESENTATION TO TAKE NOTES. THE CLIENT ASKED FORTHE NOTES AND LATER THE INSURANCE DEPT DEEMED HE WAS SOLICITINGINSURANCE WITHOUT A LICENSE. I HAD MY LICENSE, HOWEVER, THEYDEEMED I FAILED IN MY SUPERVISORY DUTIES. THE CUSTOMERCOMPLAINED ABOUT THE ANNUITY SHE PURCHASED FROM JACKSONNATIONAL LIFE BECAUSE A NORTHWESTERN MUTUAL AGENT TOLD HERJACKSON WAS GOING BROKE.
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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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