FARREL LYNN CARLSON is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 419 RIVERWOOD DR STE 102, STE 102, BISMARCK, ND, 58504.
FARREL LYNN CARLSON has worked at SECURITIES AMERICA, INC. since May 06, 2011
Disclosure History
FARREL LYNN CARLSON has 3 Disclosure Event(s).
Date: February 24, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGES SHE PURCHASED A VARIABLE ANNUITY CONTRACT BASED ON THE AGENT'S REPRESENTATION THAT SHE WOULD NEVER GET LESS THAN 6% A YEAR AND NEVER GO BELOW WHAT SHE INITIALLY INVESTED. DAMAGES ARE UNSPECIFIED. Broker Comment: THE FIRM FOUND NO BASIS TO THE CUSTOMER'S COMPLAINT.
Date: May 02, 2007 Category: Customer Dispute Allegations: CLIENT ALLEGES MISREPRESENTATION IN THE SALE OF A 2007 BROKERAGE ACCOUNT. CLIENT ALLEGES HE WAS INFORMED BY BOTH AGENTS THAT THERE WOULD BE NO UPFRONT FEES ON HIS NEW INVESTMENTS. CLIENT IS REQUESTING FOR THE EXPENSE OF THE SALES LOAD AMOUNT RETURNED TO HIS ACCOUNT. Damage Amount Requested: $10,112.00 Settlement Amount: $13,550.08 Broker Comment: THE PARTIES AGREED TO THE REFUND OF THE SALES LOADS INCURRED IN THE PURCHASE OF FIVE CLASS A MUTUAL FUNDS. LOSS TO FIRM: $10,112.00. ON 9/25/07 AN AMENDMENT WAS MADE TO THE INITIAL SETTLEMENT TO INCLUDE AN ADDITIONAL PAYMENT OF $3438.08 FROM THE FIRM TO THE CUSTOMER, WHICH REPRESENTED REIMBURSEMENT FOR THE FEDERAL AND STATE TAX CONSEQUENCES INCURRED FROM A REFUND OF THE SALES LOADS. TOTAL LOSS TO FIRM: $13,550.08.
Date: December 04, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGES SHE WAS ASSURED SHE WOULD NEVER LOSE ANY PART OF HER ORIGINAL INVESTMENT DURING THE SALE OF A MUTUAL FUND. CLIENT REQUESTED THE RETURN OF HER INITIAL INVESTMENT OF $13,982.77 LESS ADMINISTRATIVE FEES. Damage Amount Requested: $13,982.77 Settlement Amount: $5,048.26 Broker Comment: EQUITABLE FOUND NO BASIS TO THE CUSTOMER COMPLAINT. HOWEVER, AS A GOOD FAITH GESTURE, THE FIRM AGREED TO PAY THE CUSTOMER, A SETTLEMENT OF $5,048.26.
More Information
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