Floyd DEVOE Jordan is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 2301 SE MONTEREY RD, STUART, FL, 34996.
Floyd DEVOE Jordan has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since May 13, 2009
Disclosure History
Floyd DEVOE Jordan has 4 Disclosure Event(s).
Date: April 12, 2001 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT HER HARTFORD ANNUITY HAD NOT BEEN FIXED BY MR. JORDAN AND THAT SHE HAD EXPERIENCED SUBSEQUENT $16,000.00 LOSS IN ITS VALUE. Damage Amount Requested: $16,000.00 Broker Comment: MR. JORDAN DENIES THE ALLEGATIONS AND STATES THAT CUSTOMER SOUGHT HIS ADVICE ABOUT HARTFORD VARIABLE ANNUITY SHE PURCHASED ELSEWHERE. MR. JORDAN OUTLINED THE CHARACTERISTICS OF BOTH VARIABLE AND FIXED RATE ANNUITIES AND THE CUSTOMER CHOSE TO REMAIN IN THE VARIABLE ANNUITY SHE ALREADY HAD. LEGG MASON HAS CONFIRMED WITH HARTFORD THAT THE CLIENT'S ANNUITY SHE GAINED $593.19 FROM 12/99-12/00 DURING THE PERIOD WHEN THE CUSTOMER CLAIMS LOSSES OF $16,000.00.
Date: December 04, 2000 Category: Customer Dispute Allegations: CLIENT, THROUGH HER ATTORNEY IN FACT, ALLEGES THAT INVESTMENT RECOMMENDATIONS MADE BY MR. JORDAN WERE NOT CONSISTENT WITH THE CLIENTS' STATED NEEDS AND OBJECTIVES. Damage Amount Requested: $142,507.00 Settlement Amount: $30,000.00 Broker Comment: THE BROKERAGE FIRM DECIDED ON THEIR OWN TO SETTLE THE MATTER TO AVOID THE COST OF LITIGATION IN THE AMOUNT OF $30.000.00 AGAINST MR. JORDAN'S STRONG OBJECTION AND DENIAL OF ANY WRONGDOING. THE CUSTOMER APPROACHED MR. JORDAN IN MAY OF 1998 WISHING TO INCREASE HER INCOME TO HELP OFFSET HER COST OF LIVING. MR. JORDAN FULLY EXPLAINED THAT HIGHER YIELDING INVESTMENTS RESULTED IN INCREASED RISH TO THE CUSTOMER. THE CUSTOMER UNDERSTOOD THIS AND STILL CHOSE TO INVEST IN THE HIGHER YIELDING REITS TO SATISFY HER INCOME GOALS BUT HAVE ALSO SUFFERED UNREALIZED MARKET LOSSES DURING THE 1998 MARKET CORRECTION. FA/APPLICANT CONTRIBUTED -0- TO THE SETTLEMENT
Date: December 21, 1998 Category: Customer Dispute Allegations: ON BEHALF OF HIS MOTHER-IN-LAW, [FAMILY MEMBER]ALLEGES THAT MR. JORDAN MADE UNSUITABLE INVESTMENTS FOR [CUSTOMER] RESULTING IN ALLEGED DAMAGES OF $71,000.00 Damage Amount Requested: $71,000.00 Settlement Amount: $40,000.00 Broker Comment: TO AVOID THE COST AND UNCERTAINTY OF LITIGATION THIS MATTER WAS SETTLED IN THE AMOUNT OF $40,000.00.MR. JORDAN VHEMENTLY DENIES ANY ALLEGATION OF WRONGDOING. [CUSTOMER] APPROACHED MR. JORDAN IN MARCH 1998 SEEKING INCREASED INCOME TO OFFSET HER INCREASED MEDICAL EXPENSES. MR. JORDAN FULLY EXPLAINED THAT HIGHER YIELDING INVESTMENTS RESULTED IN INCREASED RISK TO [CUSTOMER]. WITH THIS KNOWLEDGE, [CUSTOMER] INVESTED IN HIGHER YIELDING REITS,WHICH HAVE SATISFIED HER INCOME GOALS, BUT WHICH HAVE ALSOSUFFERED UNREALIZED MARKET LOSSES DURING 1998 CORRECTION.APPLICANT CONTRIBUTE -0- TO THE SETTLEMENT.
Date: March 29, 1995 Category: Customer Dispute Allegations: [CUSTOMER] ALLEGES THAT MR JORDAN DID NOTTELL HIM ABOUT CERTAIN ALLEGED MATERIAL FACTS IN CONNECTIONWITH HIS FEBRUARY 1993 PURCHASE OF MUNICPAL BONDS FOR [CUSTOMERS] PRUDENTIAL ACCOUNT. DAMAGES OF APPROXIMATELY $150,000ARE CLAIMED Damage Amount Requested: $30,000.00 Damages Granted: $25,000.00 Broker Comment: PRUDENTIAL AND MR JORDAN WERE FOUND LIABLE,JOINTLY AND SEVERALLY, AND ORDERED TO PAY [CUSTOMER] THE AMOUNTOF $25,000MR JORDAN DISPUTES THE AWARD AND DENIES [CUSTOMERS] CLAIMS. [CUSTOMER] IS A SOPHISTICATED INVESTOR WITHMANY YEARS OF EXPERIENCE INVESTING IN A WIDE VARIETY OFSECURITIES INCLUDING STOCKS, BONDS AND OPTIONS.CUSTOMER WAS INFORMED OF THE RATING ON THE BOND, COUPON AND LOCATION OF THE PROPERTY. HE GOT THE IDEA FROM A FRIEND AND ASKED THE BROKER TO SEE IF HE COULD FIND THE BONDS. THE CLAIM IS UNFOUNDED. APPLICANT CONTRIBUTED -0- TO THE SETTLEMENT.
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