CURTIS WAYNE CHAMBERS is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 285 CLEARWATER LARGO RD N, LARGO, FL, 33770-2343.
CURTIS WAYNE CHAMBERS has worked at LPL FINANCIAL LLC since March 13, 2009
CURTIS WAYNE CHAMBERS has 2 Disclosure Event(s).
Date: April 29, 2010 Category: Customer Dispute Allegations: 10/05-0429/10: THE CLIENT CLAIMS THE FINANCIAL ADVISOR TOLD HER THE HER TRUST WOULD GROW OVER TIME AND WOULD COST NOTHING TO TRANSFER AND STATES THERE WAS A $13,000 DISCREPANCY AFTER THE TRANSFER. THE CLIENT STATES THE FINANCIAL ADVISOR EXPLAINED SHE HAD ACQUIRED A DEBT OF $5,000 FROM A MARGIN LOAN SHE WAS UNAWARE OF BUT THAT LEFT $8,000 UNACCOUNTED FOR. THE CLIENT ALSO CLAIMS THAT AN INVESTMENT, RESIDENT ASSET, WAS PURCHASED IN 9/05 (CLIENT ACTUALLY STATED 9/03, HOWEVER, ACCOUNT WAS ESTABLISHED 9/05) WITHOUT HER AUTHORIZATION. THE CLIENT ALSO STATES HAD THE FINANCIAL ADVISOR RETURNED HER CALLS SHE WOULD HAVE LOST $20,000 INSTEAD OF ONE THIRD OF HER TRUST. Damage Amount Requested: $5,000.00 Broker Comment: THE FINANCIAL ADVISOR STATED HE DID NOT GUARANTEE THE ACCOUNT WOULD GROW AS THIS WOULD HAVE BEEN GUARANTEEING PERFORMANCE, WHICH THE FINANCIAL ADVISOR STATED HE WOULD NOT DO. THE FINANCIAL ADVISOR STATED THAT HE DID ADVISE THE CLIENT THAT EDWARD JONES WOULD CHARGE NO FEES TO TRANSFER THE ACCOUNT TO EDWARD JONES AND IT DOES NOT APPEAR AS THOUGH ANY WERE CHARGED. EDWARD JONES' CUSTOMER ACCOUNT TRANSFER AREA RESEARCHED THE CLAIM OF A $13,000 DISCREPANCY AFTER THE TRANSFER. CAT INDICATED THAT ALL INVESTMENTS APPEAR TO HAVE BEEN RECEIVED IN ACCORDING TO THE TRANSFER INSTRUCTIONS AND RECOMMENDED THE CLIENT CONTACT THE INITIATING FIRM TO SEE WHAT ACTIVITY MAY HAVE OCCURRED AT THAT TIME THAT COULD HAVE AFFECTED THE TRANSFER. THE FINANCIAL ADVISOR STATED THAT A CMO WAS PURCHASED WITH THE CLIENT'S AUTHORIZATION IN 2005. THE CLIENT RECEIVED A CONFIRM, PROSPECTUS, THE INVESTMENT HAS BEEN REFLECTED ON STATEMENTS SINCE PURCHASED IN 2005 AND THE CLIENT HAS RECEIVED INTEREST PAYMENTS FROM THIS INVESTMENT. THE FINANCIAL ADVISOR STATED THE CMO HAS ALSO BEEN PART OF THE CLIENT'S ACCOUNT REVIEWS. THE FINANCIAL ADVISOR'S NOTES INDICATE REGULAR CONTACT WITH THE CLIENT REGARDING HER ACCOUNT AND HAD THE CLIENT WISHED TO PLACE A TRADE IN THE FINANCIAL ADVISORS ABSENCE THE HOME OFFICE NUMBER IS LISTED ON THE STATEMENTS. IT APPEARS AS THOUGH THE CONCERNS THAT HAVE BEEN RAISED HAVE BEEN HANDLED PROPERLY BY THE FINANCIAL ADVISOR.
Date: December 07, 2009 Category: Customer Dispute Allegations: 7/12/08-9/15/08; THE POA CLAIMS THAT AFTER THE DEATH OF ONE OF THE JOINT OWNERS IN JULY 2008 THE FORMER FINANCIAL ADVISOR WAS INSTRUCTED TO LIQUIDATE THE INVESTMENTS LEFT IN THE ACCOUNT. THE POA CLAIMS THAT THE FORMER FINANCIAL ADVISOR STATED HE WOULD CHECK INTO THE ESTATE FEATURE ALSO. THE POA CLAIMS THERE WAS NO FOLLOW UP SO HE CONTACTED THE BRANCH IN AUGUST 2008 BUT CLAIMS TO HAVE NOT HEARD BACK FROM HIM UNTIL 9/15 WHEN THE FINANCIAL ADVISOR ADVISED OF THE BAKRUPTCY. THE POA STATES THAT TWO MONTHS ELAPSED BEFORE HE HEARD ANYTHING AND FEELS THAT THE FINANCIAL ADVISOR DISREGARDED HIS INSTRUCTIONS. LOSSES EXCEED $5,000. Damage Amount Requested: $5,000.00 Broker Comment: AFTER REVIEW OF THE MATTER IT HAS BEEN DETERMINED THAT THE POA SIGNED A DEATH REDEMPTION PROCESSING LETTER OF AUTHORIZATION ON 7/18/08 REQUESTING THAT THE BOND BE SUBMITTED FOR REDEMPTION UNDER THE ESTATE FEATURE. THE BOND WAS PUT IN LINE ON 7/30/08, HOWEVER, AS A RESULT OF THE SITUATION SUROUNDING LEHMAN BROS NO CLIENTS HAVE BEEN PAID YET. THE CLAIM OF FAILURE TO FOLLOW INSTRUCTIONS IS DENIED.
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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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