EDWIN ALFRED BUCK is currently employed as a Broker and/or Investment Adviser at PARKLAND SECURITIES, LLC located at 55 MERCHANT ST., SUITE 1880, HONOLULU, HI, 96813.
EDWIN ALFRED BUCK has worked at PARKLAND SECURITIES, LLC since August 02, 2011
Disclosure History
EDWIN ALFRED BUCK has 4 Disclosure Event(s).
Date: May 17, 2013 Category: Customer Dispute Allegations: 2012 - CLIENT PURCHASED OIL AND GAS DRILLING PROGRAM AND IS DISSATISFIED WITH THE PERFORMANCE. Damage Amount Requested: $100,000.00
Date: November 07, 2011 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT IN 2001 THRU 2005, HE PURCHASED FOUR (4) ANNUITY CONTRACTS THAT WERE MISREPRESENTED AT THE TIME OF SALE. Broker Comment: THE CLIENT WAS A SOPHISTICATED INVESTOR WHO INVESTED IN 16 DIFFERENT ANNUITIES AND PARTNERSHIPS RANGING FROM OIL & GAS TO EQUIPMENT LEASING. SINCE HE WAS LEAVING HIS JOB, THE CLIENT WANTED TO PLACE HIS TIAA-CREF FUNDS INTO 4 ACCOUNTS THAT WOULDN'T LOSE MONEY. HE SIGNED ALL DISCLOSURE FORMS INCLUDING INITIALING THAT HE UNDERSTOOD THE SURRENDER CHARGES WERE DECLINING FOR 14 YEARS. FROM MARCH OF 2005 THROUGH DECEMBER OF 2010, THE CLIENT TOOK 22 WITHDRAWALS FROM 4 POLICIES. 2 OF THESE POLICIES HAVE BONUS FEATURES OF 11% AND 5%.
Date: December 29, 2005 Category: Regulatory Initiated By: HAWAII Allegations: RESPONDENT AND HIS SALESPERSONS SOLD VIATICAL SETTLEMENT CONTRACTS WHICH WERE NOT REGISTERED AS SECURITIES UNDER HAWAII REVISED STATUTES CHAPTER 485. THE SALE OF THE VIATICAL SETTLEMENT CONTRACTS ARE ALLEGED TO HAVE BEEN IN VIOLATION OF HRS 485-15 AND HAWAII ADMINISTRATIVE RULES 16-38-7. Resolution: Other Sanctions: SETTLEMENT AGREEMENT ENTERED INCLUDING MONETARY SETTLEMENT CONSIDERATION OF $10,000, RESTITUTION THROUGH ACCELERATED BENEFITS CORPORATION CONSERVATOR, AND FULL COOPERATION WITH SEU. Sanction Details: RESPONDENT PAID $10,000 IN MONETARY SETTLEMENT CONSIDERATION UPON EXECUTION OF THE SETTLEMENT AGREEMENT AND HAS AN ON-GOING OBLIGATION TO PAY RETIREMENT ACCOUNT CUSTODIAL FEES TO CONSERVATOR TO SUPPORT RETIREMENT ACCOUNTS OF HAWAII RESIDENTS. Broker Comment: DURING THE PERIOD OF TIME FROM APRIL 1997 TO OCTOBER 1999, RESPONDENT AND HIS SALES PERSONS SOLD VIATICAL SETTLEMENT CONTRACTS ISSUED BY ACCELARATED BENEFITS CORPORATION TO HAWAII RESIDENTS. UPON BEING ADVISED THAT THESE INVESTMENT CONTRACTS WERE SECURITIES WHICH REQUIRE REGISTRATION, RESPONDENT CEASED THE SALE OF THESE CONTRACTS.
Date: June 01, 1988 Category: Civil Bond Disposition: Payout Payout Detail: $12000; 06/01/1988 Broker Comment: NOT PROVIDEDON JUNE 1, 1984, JULY 1, 1984, AND AUGUST 1,1984 DRUGGIST INSURANCE COMPANY PAID OUT $4,000.00/MONTH ON ANINVESTMENT GURANTEE BOND. THE PAYMENT SCHEDULE WAS COMPLETEDJUNE 1988 TO THE BONDING COMPANY.NOT PROVIDED
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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.
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