DAVID GULYAMOV is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 101 CHURCH AVE, BROOKLYN, NY, 11218.
DAVID GULYAMOV has worked at LPL FINANCIAL LLC since April 28, 2018
Disclosure History
DAVID GULYAMOV has 4 Disclosure Event(s).
Date: January 13, 2017 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT VARIABLE ANNUITY PURCHASED IN JULY 2010 WAS UNSUITABLE AND MISREPRESENTED, AND SOUGHT REIMBURSEMENT OF SURRENDER CHARGE THAT WOULD BE IMPOSED BY ANNUITY COMPANY UPON SURRENDER OF THE CONTRACT. ACTIVITY PERIOD: 7/1/10 - 7/23/10. Broker Comment: REPRESENTATIVE DENIES THE ALLEGATIONS. ALL TERMS OF VARIABLE ANNUITY WERE FULLY DISCLOSED BOTH VERBALLY AND IN WRITING. CUSTOMER TRANSFERRED INVESTMENT TO ANOTHER FIRM IN 2012. AT THE TIME, THE CONTRACT HAD INCREASED IN VALUE BY APPROXIMATELY $11,000, AND THE REPRESENTATIVE HAS HAD NO ROLE IN THE MANAGEMENT OF THE INVESTMENT SINCE THAT TIME. AS THE CONTRACT HAS BEEN OWNED SINCE JULY 2010, THE SURRENDER CHARGE PERIOD WILL EXPIRE IN JULY 2017, AT WHICH TIME THE CONTRACT CAN BE SURRENDERED WITH NO SURRENDER CHARGE.
Date: December 08, 2016 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT, INCONNECTION WITH THE SUBMISSION OF AN APPLICATION FOR LIFE INSURANCE, THE REPRESENTATIVE FORGED HIS SIGNATURE ON A DOCUMENT AUTHORIZING THE CUSTOMER'S PHYSICIAN TO PROVIDE MEDICAL INFORMATION TO THE LIFE INSURANCE COMPANY. ACTIVITY PERIOD 10/9/09. Broker Comment: THIS COMPLAINT HAS BEEN DENIED, AND THE REPRESENTATIVE CATEGORICALLY DENIES THAT HE SIGNED THE CUSTOMER'S NAME ON THE DOCUMENTATION IN QUESTION, OR ON ANY DOCUMENT. IN A TELEPHONE CONVERSATION WITH THE FIRM AFTER SUBMISSION OF HIS COMPLAINT, THE CUSTOMER STATED THAT HE WAS NOT CERTAIN THAT THE REPRESENTATIVE HAD FORGED HIS SIGNATURE. THE CUSTOMER'S APPLICATION FOR LIFE INSURANCE WAS DENIED BY THE LIFE INSURANCE COMPANY, AND NO LIFE INSURANCE WAS PURCHASED THROUGH THE REPRESENTATIVE. ACCORDINGLY, THE CUSTOMER DOES NOT ALLEGE THAT ANY TRANSACTION WAS FACILITATED BY A FORGED DOCUMENT, OR THAT ANY LOSS OR DAMAGE OCCURRED AS A RESULT OF THE ALLEGED FORGERY, OR THAT HE IS ENTITLED TO ANY COMPENSATION AS A RESULT OF THIS CIRCUMSTANCE.
Date: July 06, 2016 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT HIS ADVISOR RECOMMENDED AN INVESTMENT THAT WAS NOT SUITABLE FOR HIM. Damage Amount Requested: $150,000.00 Settlement Amount: $44,000.00 Broker Comment: THIS MATTER WAS SETTLED BY LPL FINANCIAL BASED ON BUSINESS CONSIDERATIONS, SOLELY TO AVOID THE COST AND RISK OF ONGOING LITIGATION, WHICH WOULD HAVE EXCEEDED THE SETTLMENT AMOUNT. THERE WAS NO FINDING OF ANY WRONGDOING WHATSOEVER ON THE PART OF DAVID GULYAMOV BY FINRA OR ANY ARBITRATOR AND LPL BELIEVES ITS REPRESENTATIVE GAVE THE COMPLAINT SOUND INVESTMENT ADVICE. MR. GULYAMOV WAS NOT ASKED BY LPL TO CONTRIBUTE TO THE SETTLEMENT AMOUNT AND DID NOT CONTRIBUTE. IT IS UNCONTESTED THAT THE CLIENT MADE MONEY IN THE INVESTMENT AT ISSUE AND, ON HIS OWN, DECIDED TO WITHDRAW ALL OF THE INVESTMENT PROCEEDS AGAINST THE ADVICE OF MR. GULYAMOV.
Date: August 24, 2015 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT VARIABLE ANNUITY PURCHASED IN MARCH 2014 WAS MISREPRESENTED AND SOUGHT ADJUSTMENT IN CONTRACT VALUE. Broker Comment: CUSTOMER HAD INITIALLY COMPLAINED TO THE ANNUITY CARRIER ON AUGUST 24, 2015. ON AUGUST 27, 2015, SHE CALLED THE ANNUITY CARRIER TO WITHDRAW COMPLAINT. SHE ALSO MET WITH REPRESENTATIVE ON THAT DATE, CONFIRMED THAT SHE WISHED TO CONTINUE THE CONTRACT, AND PROVIDED ADDITIONAL FUNDS FOR INVESTMENT IN THE CONTRACT.
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