EDWARD LONNIE DOVER is currently employed as a Broker and/or Investment Adviser at MOORS & CABOT, INC. located at 941 West Morse Boulevard, Suite 125, WINTER PARK, FL, 32789-3734.
EDWARD LONNIE DOVER has worked at MOORS & CABOT, INC. since November 09, 2016
Disclosure History
EDWARD LONNIE DOVER has 9 Disclosure Event(s).
Date: September 20, 2016 Category: Employment Separation After Allegations Firm Name: SUNTRUST INVESTMENT SERVICES, INC. Termination Type: Discharged Allegations: REPRESENTATIVE FAILED TO FOLLOW PROCEDURES WHEN PROCESSING A FIXED ANNUITY TRANSACTION. THE TRANSACTION SHOULD HAVE BEEN PROCESSED AS A 1035 EXCHANGE. THE REPRESENTATIVE FAILED TO FOLLOW FIRM POLICIES WITH REGARD TO RESOLUTION OF THE MATTER.
Date: April 19, 2011 Category: Customer Dispute Allegations: THE CLIENTS FILED FINRA ARBITRATIN ALLEGING THAT THE COMPLEXITY AND POTENTIAL RISKS OF THE INVESTMENT WERE NOT DISCLOSED AT THE TIME OF PURCHASE. Damage Amount Requested: $665,000.00 Settlement Amount: $92,000.00 Broker Comment: THE FIRM SETTLED THIS MATTER SOLELY TO AVOID THE EXPENSE AND UNCERTAINTY OF FINAL ARBITRATION HEARINGS. MR. DOVER WAS NEITHER NAMED AS A RESPONDENT IN THE ARBITRTION NOR ASKED TO CONTRIBUTE TO THE SETTLEMENT AND CONTINUES TO DENY ANY WRONGDOING.
Date: March 25, 2010 Category: Customer Dispute Allegations: JOINED CLAIMANTS IN A PREVIOUSLY FILED FINRA ARBITRATION [CASE NO. 09-07087] ALLEGING MISREPRESENTATION AND QUESTIONING SUITABILITY IN THE RECOMMENDATION AND PURCHASE OF INTERESTS IN COLLATERALIZED DEBT OBLIGATIONS AND COLLATERALIZED LOAN OBLIGATIONS IN 2004, 2005 AND 2006. Damage Amount Requested: $3,978,252.00 Broker Comment: I FULLY DENY THE ALLEGATIONS AND CONSIDERING THE EXISTING MARKET CONDITIONS AT THE TIME, THE RECOMMENDATION AND PURCHASE OF THE PRODUCT APPEARED SUITABLE FOR AND CONSISTENT WITH THE CLIENTS' STATED GOAL AND OBJECTIVES. THE CLIENT IS A KNOWLEDGEABLE, EXPERIENCED INVESTOR. HE HAS SPENT HIS ENTIRE CAREER IN THE COMMUNITY BANKING BUSINESS AND WAS FULLY COGNIZANT OF THE POTENTIAL RISKS AND REWARDS OF THE BANK-RELATED INVESTMENT PRODUCTS AT ISSUE. THESE CLAIMANTS WERE ADDED TO A PREVIOUSLY FILED ARBITRATION [FINRA CASE NO.09-0787].
Date: January 05, 2010 Category: Customer Dispute Allegations: AS PART OF A GROUP COMPLAINT,CLIENT ALLEGES MISREPRESENTATION AND QUESTIONS SUITABILITY IN THE RECOMMENDATION AND PURCHASE OF INTERESTS INCOLLATERALIZED DEBT OBLIGATIONS IN AUGUST 2005 Damage Amount Requested: $396,787.00 Settlement Amount: $107,000.00 Broker Comment: THE CLIENTS EXPRESSLY ACKNOWLEDGED IN WRITING IN THE SETTLEMENT AGREEMENT THEY SIGNED THAT THEIR CLAIMS AROSE SOLELY FROM THE NATURE, FEATURES AND PERFORMANCE OF THE SPECIFIC INVESTMENT AT ISSUE AND THAT THEY WERE NOT ACCUSING THE REGISTERED REPRESENTATIVE OF ANY WRONGDOING IN CONNECTION WITH THEIR INVESTMENT OR INVESTMENT ACCOUNTS. THE REGISTERED REPRESENTATIVE WAS NOT PERSONALLY NAMED IN THE COMPLAINT NOR WAS HE ASKED TO CONTRIBUTE TO THE SETTLEMENT.
Date: January 05, 2010 Category: Customer Dispute Allegations: AS PART OF A GROUP COMPLAINT,CLIENT ALLEGES MISREPRESENTATION AND QUESTIONS SUITABILITY IN THE RECOMMENDATION AND PURCHASE OF INTEREST IN COLLATERALIZED DEBT OBLIGATIONS IN AUGUST 2005. Damage Amount Requested: $283,419.00 Settlement Amount: $58,000.00 Broker Comment: THE CLIENTS EXPRESSLY ACKNOWLEDGED IN WRITING IN THE SETTLEMENT AGREEMENT THEY SIGNED THAT THEIR CLAIMS AROSE SOLELY FROM THE NATURE, FEATURES AND PERFORMANCE OF THE SPECIFIC INVESTMENT AT ISSUE AND THAT THEY WERE NOT ACCUSING THE REGISTERED REPRESENTATIVE OF ANY WRONGDONG IN CONNECTION WITH THEIR INVESTMENT OR INVESTMENT ACCOUNTS. THE REGISTERED REPRESENTATIVE WAS NOT PERSONALLY NAMED IN THE COMPLAINT NOR WAS HE ASKED TO CONTRIBUTE TO THE SETTLEMENT.
Date: December 31, 2009 Category: Customer Dispute Allegations: AS PART OF A GROUP COMPLAINT, CLIENT ALLEGES MISREPRESENTATION AND QUESTIONS SUITABILITY IN THE RECOMMENDATION AND PURCHASE OF INTERESTS IN A COLLATERALIZED DEBT OBLIGATION IN AUGUST 2005. Damage Amount Requested: $281,454.00 Settlement Amount: $90,000.00 Broker Comment: THE CLIENTS EXPRESSLY ACKNOWLEDGED THAT THEIR CLAIMS AROSE SOLELY FROM THE NATURE, FEATURE AND PERFORMANCE OF THE SPECIFIC INVESTMENT AT ISSUE AND THAT THEY WERE NOT ACCUSING THE REGISTERED REPRESENTATIVE OF ANY WRONGDOING IN CONNECTION WITH THEIR INVESTMENT OR INVESTMENT ACCOUNTS. THE REGISTERED REPRESENTATIVE,MR. DOVER, WAS NOT NAMED AS A RESPONDENT IN THE COMPLAINT, NOR WAS HE ASKED TO CONTRIBUTE TO THE SETTLEMENT.
Date: December 31, 2009 Category: Customer Dispute Allegations: AS PART OF A GROUP COMPLAINT, CLIENT ALLEGES MISREPRESENTATION AND QUESTIONS SUITABILITY IN THE RECOMMENDATION AND PURCHASE OF INTERESTS IN COLLATERALIZED DEBT OBLIGATIONS AND COLLATERALIZED LOAN OBLIGATIONS IN AUGUST 2005, APRIL 2006 AND JULY 2006 Damage Amount Requested: $971,250.00 Settlement Amount: $125,000.00 Broker Comment: THE CLIENTS ACKNOWLEDGED, IN WRITING,THAT THEIR COMPLAINT WAS BASED ENTIRELY ON THE NATURE, FEATURES AND PERFORMANCE OF THE INVESTMENTS AT ISSUE, AND THAT THEY ARE NOT ACCUSING THE REPRESENTATIVE OF ANY WRONGDOING IN CONNECTION WITH THEIR INVESTMENTS AND ACCOUNTS.
Date: December 21, 2009 Category: Customer Dispute Allegations: FRAUD; NEGLIGENCE; BREACH OF FIDUCIARY DUTY, INCLUDING MISREPRESENTATION; BREACH OF CONTRACT Damage Amount Requested: $230,125.00 Broker Comment: I FULLY DENY THE ALLEGATIONS AND CONSIDERING THE EXISTING MARKET CONDITIONS AT THE TIME, THE RECOMMENDATION AND PURCHASE OF THE PRODUCT APPEARED SUITABLE FOR AND CONSISTANT WITH THE CLIENT'S STATED GOALS AND OBJECTIVED. THE CLIENT IS A KNOWLEDGEABLE, EXPERIENCED INVESTOR. STARTED AS A COMPLAINT FILED 11/13/2009 AND EVOLVED INTO AN ARBITRATION.
Date: October 03, 2007 Category: Customer Dispute Allegations: THE ATTORNEY FOR THE CLIENT ALLEGED THAT THE REPRESENTATIVE ENGAGED IN EXCESSIVE TRADING, MISREPRESENTATION AND UNAUTHORIZED TRADING. Damage Amount Requested: $34,000.00
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