DONALD ALLEN KARTOON is currently employed as a Broker and/or Investment Adviser at HILLTOP SECURITIES INC. located at 8350 WILSHIRE BLVD, SUITE 300, BEVERLY HILLS, CA, 90211.
DONALD ALLEN KARTOON has worked at HILLTOP SECURITIES INC. since May 19, 2017
Disclosure History
DONALD ALLEN KARTOON has 7 Disclosure Event(s).
Date: October 08, 2015 Category: Customer Dispute Allegations: Claimant contends that Mr. Kartoon failed to sell a closed-end fund that Claimant purchased on an unsolicited basis when it had declined by a certain amount. Damage Amount Requested: $114,142.01 Damages Granted: $4,000.00 Broker Comment: Mr. Kartoon denies that Claimant provided him any specific instruction to place a stop loss or stop limit order or to otherwise sell Claimant's investment in this closed-end fund, which Mr. Kartoon did not recommend.
Date: April 08, 2008 Category: Customer Dispute Allegations: ATTORNEY FOR CA RESIDENT WRITES THAT FA WAS INSTRUCTED TO PLACE FUNDS IN MONEY MARKET ACCOUNT, NOT ARPS. BOUGHT $1,000,000 OF ARPS ON 2/12/08. Damage Amount Requested: $5,000.00 Settlement Amount: $475,000.00 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENTS TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.
Date: March 24, 2008 Category: Customer Dispute Allegations: CA RESIDENT WRITES THAT HE WAS TOLD HIS AUCTION RATE PREFERRED SECURITIES WOULD HAVE GUARANTEED RETURN OF PRINCIPAL ON A WEEKLY BASIS. (9/14/07-1/8/08) Damage Amount Requested: $5,000.00 Settlement Amount: $250,000.00 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENTS TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.
Date: April 09, 2001 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT DURING 5/00-11/00, THE BROKER APPROVED AND RECOMMENDED UNSUITABLE OPTIONS TRADING AND SPECULATIVE TECHNOLOGY STOCKS. CALIMANTS ALSO ALLEGE THAT THE BROKER FAILED TO PROPERLLY ALLOCATE CAPITAL INTO INCOME PRODUCING SECURITIES. ADDITIONAL ALLEGATIONS INCLUDE EXCESSIVE TRADING, BREACH OF FIDUCIARY DUTY, NEGLIGENCE SUPERVISION. Damage Amount Requested: $690,000.00 Settlement Amount: $262,500.00 Broker Comment: THIS MATTER WAS SETTLED BY SALOMON SMITH BARNEY.
Date: April 09, 2001 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT DURING 3/00-12/00, THE BROKER RECOMMENDED TRADING OPTIONS AND RELATED SPECULATIVE SECURITIES AS A PRIMARY METHOD OF GENERATING INCOME AND ILLEGALLY ACCEPTED ORDERS FROM CLAIMANT'S HUSBAND. ADDITIONAL ALLEGATIONS INCLUDE EXCESSIVE TRADING, BREACH OF FIDUCIARY DUTY, NEGLIGENCE AND NEGLIGENT SUPERVISION. Damage Amount Requested: $658,000.00 Settlement Amount: $262,500.00 Broker Comment: THE MATTER WAS SETTLED BY SALOMON SMITH BARNEY.
Date: November 21, 1995 Category: Customer Dispute Allegations: THE CLIENT ALLEGED MISREPRESENTATION ANDUNSUITABILITY (MUTUAL FUNDS). DAMAGES WERE UNSPECIFIED. Settlement Amount: $13,599.00 Broker Comment: THE CLAIM WAS SETTLED FOR $13,599. THE FC DIDNOT CONTRIBUTE TO THE SETTLEMENT.NO OPTIONS OR COMMIDITES INOVLVED. CONTACT: [BROKER DEALER CONTACT PERSON] (212) 723-4121
Date: December 01, 1994 Category: Customer Dispute Allegations: UNSUITABLILITY Settlement Amount: $36,604.45 Broker Comment: OPPENHEIMER SETTLED THIS MATTER FOR $36,604.45IN LIEU OF LITIGATION EXPENSES. I DID NOT CONTRIBUTE TO THESETTLEMENTOPPENHEIMER MARKERTED A "AAA" RATED FNMA CMOWITH AN AVERAGE LIFE OF 1.1 YEARS, AND THIS IS WHAT CUSTOMER PURCHASED. THE FEDERAL RESERVED CHANGED ITS POLICYAND STARTED TO RAISE INTEREST RATES. THE FED CONTINUED TO RAISEINTEREST RATES SEVEN TIMES OVER THE NEXT YEAR WHICH CAUSED THISCMO TO REPAY THE PRINCIPAL AT A SIGNIFICANTLY SLOWER RATE. THATIS THE REASON ON WHICH THIS COMPLAINT IS BASED. OPPENHEIMER HASSETTLED THIS COMPLAINT WITHOUT INVOLVING ME AS THE BROKER.
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.
To view the full report for DONALD ALLEN KARTOON, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.