ELLIOTT ERIC PACKER is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 1129 MAIN STREET, ST. JOHNSBURY, VT, 05819.
ELLIOTT ERIC PACKER has worked at SECURITIES AMERICA, INC. since October 23, 2015
Disclosure History
ELLIOTT ERIC PACKER has 4 Disclosure Event(s).
Date: November 25, 2015 Category: Customer Dispute Allegations: The client alleges that the Trust incurred over $13,000 worth of legal fees when establishing their account. In addition, the client alleges that excessive trading generated over $130k in gains and will result in over $40K in taxes. Damage Amount Requested: $13,000.00 Broker Comment: The rep had the approval of the Trust's trustee to liquidate positions held long term that resulted in the capital gains.
Date: May 27, 2010 Category: Customer Dispute Allegations: CLIENT'S COMPLAINT REVOLVES AROUND HER THREE (3) MANAGED ACCOUNTS, THE VOLUME OF TRANSACTIONS, THE PERFORMANCE, AND THE FEES PAID DURING THE COURSE OF THE LAST 4 YEARS (2004 TO PRESENT, MAY 2010). Damage Amount Requested: $75,000.00 Settlement Amount: $7,944.13 Broker Comment: AFTER CONDUCTING EXTENSIVE INTERVIEWS WITH THIS CLIENT, IT IS APPARENT THAT (1) THE CLIENT IS DISSATISFIED WITH THE ABSOLUTE PERFORMANCE OF THE ACCOUNT SINCE INCEPTION IN 2006 THROUGH PRESENT; (2)THE CLIENT IS DISSATISFIED WITH THE FREQUENCY OF TRADING OF THE ACCOUNTS (MR. PACKER DOES NOT BENEFIT FROM TRANSACTION FEES INCURRED IN THESE ACCOUNTS), AND (3) THE CLIENT IS STRESSED BY OTHER ISSUES UNRELATED TO MR. PACKER'S MANAGEMENT OF THESE ACCOUNTS. IN REVIEWING RELEVANT DOCUMENTS AND ACCOUNT ACTIVITY, NO SALES PRACTICE VIOLATIONS WERE FOUND. HOWEVER, AS AN ACCOMMODATION TO THE CLIENT'S CONCERNS, FWG OFFERED TO REFUND A PORTION OF THE MANAGEMENT FEES PAID. THE CLIENT IS CONSIDERING KEEPING HER ACCOUNTS WITH THE FIRM.
Date: September 22, 2008 Category: Financial Type: Bankruptcy Disposition: Discharged
Date: April 16, 2004 Category: Customer Dispute Allegations: CLIENT COMPLAINT RECEIVED REGARDING LEVEL OF TRADING ACTIVITY AND MARKET LOSS. Damage Amount Requested: $1,068,293.00 Settlement Amount: $925,000.00
More Information
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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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