DONALD BRADFORD CRANE

DONALD BRADFORD CRANE is currently employed as a Broker and/or Investment Adviser at CETERA ADVISOR NETWORKS LLC located at 801 EAST CHAPMAN AVE STE 104, FULLERTON, CA, 92831.

DONALD BRADFORD CRANE has worked at CETERA ADVISOR NETWORKS LLC since January 25, 1984

Disclosure History

DONALD BRADFORD CRANE has 2 Disclosure Event(s).

Date: April 04, 2011
Category: Customer Dispute
Allegations: CLAIMANT ALLEGED UNSUITABLE INVESTMENTS MAINTAINED IN HIS TWO BROKERAGE ACCOUNTS FROM 12/17/2007 TO 3/25/2011 RESULTING IN AT LEAST $500,000.00 IN DAMAGES.
Damage Amount Requested: $500,000.00
Settlement Amount: $50,000.00
Broker Comment: REPRESENTATIVE STATES THE DIVERSIFIED PORTFOLIO WAS IMPLEMENTED IN DECEMBER 2007, SHORTLY BEFORE THE MARKET CRASH OF 2008. THE CLAIM HAS BEEN SETTLED TO AVOID PROTRACTED LITIGATION EXPENSE.

Date: July 13, 2010
Category: Customer Dispute
Allegations: CLAIMANT ALLEGES REPRESENTATIVE RECOMMENDED AN UNSUITABLE INVESTMENT.
Damage Amount Requested: $314,354.58
Settlement Amount: $145,000.00
Broker Comment: REPRESENTATIVE STATES HE DID NOT RECOMMEND OR SELL THE PRODUCT TO THE CLAIMANT AND REPRESENTATIVE WAS NOT NAMED IN THE ARBITRATION; HOWEVER, REPRESENTATIVE WAS THE OWNER OF A REAL ESTATE COMPANY THROUGH WHICH ANOTHER REAL ESTATE BROKER SOLD THE PRODUCT.

More Information

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