Eric J. Conrad is currently employed as a Broker and/or Investment Adviser at EDWARD JONES located at 613 CENTRAL AVENUE, NEBRASKA CITY, NE, 68410.
Eric J. Conrad has worked at EDWARD JONES since May 15, 1997
Eric J. Conrad has 1 Disclosure Event(s).
Date: February 15, 2005 Category: Customer Dispute Allegations: CLIENTS PURCHASED HARTFORD FUNDS IN 1999. CLIENTS STATE, AFTER THE PURCHASE HE NOTICED IMMEDIATELY THAT THE FUNDS WERE DECLINING IN VALUE. CLIENTS STATE THEY EXPRESSED THEIR CONCERNS TO THE IR AND WERE ADVISED TO CONTINUE HOLDING THE MUTUAL FUNDS. IN JULY 2002, THE CLIENTS MADE THE DECISION TO LIQUIDATE THE FUNDS, AND ACCORDING TO THE CLIENTS, THEY INCURRED A LOSS OF APPROXIMATELY $72,000.00. CLIENTS STATE THEY HAD ACCEPTED THE LOSS UNTIL READING INFORMATION REGARDING THE FIRM'S RECENT SETTLEMENT. CLIENTS NOW ALLEGE THE IR RECOMMENDED THE FUNDS AS A RESULT OF INCENTIVE PLANS AND FEEL THEY HAVE BEEN "EXPLOITED". Damage Amount Requested: $72,000.00 Broker Comment: WHEN THE CLIENTS PURCHASED THE HARTFORD FUNDS, THE FIRM DID NOT SPONSOR CONTESTS BASED SOLELY ON MUTUAL FUND SALES. THE FIRM HAD DIVERSIFICATION CONTESTS OF WHICH THE PRIMARY OBJECTIVE WAS TO BUILD BUSINESSES THAT PROMOTE DIVERSIFICATION OF PORTFOLIOS AS WELL AS SUPPORTING THE FIRM'S INVESTMENT PHILOSOPHY. CLAIM DENIED.
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