DONALD ALLEN KARTOON

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

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