DAVID KALLMAN PATON

DAVID KALLMAN PATON is currently employed as a Broker and/or Investment Adviser at RBC CAPITAL MARKETS, LLC located at 400 ROBERT ST N, SUITE 1400, ST. PAUL, MN, 55101-2027.

DAVID KALLMAN PATON has worked at RBC CAPITAL MARKETS, LLC since February 03, 2006

Disclosure History

DAVID KALLMAN PATON has 2 Disclosure Event(s).

Date: December 08, 2017
Category: Customer Dispute
Allegations: Client claims that an equity she purchased in 2014 was high risk and too large in size for her account. Time frame is 1/23/2014 to 12/5/2017.
Damage Amount Requested: $30,000.00
Settlement Amount: $10,000.00

Date: September 05, 1996
Category: Customer Dispute
Allegations: CLIENT VERBALLY ALLEGED ON 9/5/96 ANDREITERATED HER ALLEGATIONS IN WRITING ON 9/13/96 THAT THEVOLUME OF TRADING ACTIVITY IN HER ACCOUNT FROM 9/95 THROUGH1/96 WAS HIGHLY UNSUITABLE FOR A PERSON OF HER AGE ANDFINANCIAL STATUS. CLIENT ALSO ALLEGES IE RECOMMENDED SELLING`SOLID STOCKS` AND PURCHASING `HIGH RISK STOCKS` WITHOUT EVEREXPLAINING THE RISK. ALLEGED DAMAGES OF $12,200.00
Damage Amount Requested: $12,200.00
Settlement Amount: $12,200.00
Broker Comment: PAINEWEBBER SETTLED FOR $12,200.00.Not Provided

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

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.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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