FRANK JAMES PARKER is currently employed as a Broker and/or Investment Adviser at CETERA ADVISOR NETWORKS LLC located at 6817 SOUTHPOINT PARKWAY STE 1301, JACKSONVILLE, FL, 32216.
FRANK JAMES PARKER has worked at CETERA ADVISOR NETWORKS LLC since April 14, 2015
Disclosure History
FRANK JAMES PARKER has 4 Disclosure Event(s).
Date: April 25, 2014 Category: Financial Type: Bankruptcy Disposition: Discharged
Date: January 20, 2014 Category: Customer Dispute Allegations: CLIENT ALLEGES REGISTERED REPRESENTATIVE "DID NOT BEHAVE IN A RESPONSIBLE NOR FIDUCIARY MANNER". TIMEFRAME: 6/27/2012 TO 12/2/2013. Damage Amount Requested: $75,000.00 Settlement Amount: $8,375.32
Date: March 03, 2011 Category: Customer Dispute Allegations: CLIENT ALLEGES EXCESSIVE TRADING AND CLAIMS THAT TRANSACTIONS WERE NOT SUITABLE. TIME FRAME - 6/26/09 THROUGH 2/3/11 FOR STIFEL NICOLAUS AND 2005 THROUGH 2009 FOR JANNEY MONTGOMERY SCOTT. Damage Amount Requested: $400,000.00 Settlement Amount: $75,000.00 Broker Comment: STIFEL NICOLAUS PAID $37,500 TO THE CLIENT IN SETTLEMENT OF THE CLAIM. JANNEY MONTGOMERY ALSO PAID $37,500 TO THE CUSTOMER.
Date: March 02, 2010 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE THAT THEIR REGISTERED REPRESENTATIVE RECOMMENDED UNSUITABLE INVESTMENTS AND THAT THEY PAID EXCESSIVE COMMISSIONS AND MARGIN INTEREST IN THEIR ACCOUNTS. Damage Amount Requested: $797,000.00 Settlement Amount: $160,800.00 Broker Comment: THE FIRM ELECTED TO SETTLE THIS MATTER FOR A SMALL PERCENTAGE OF THE ALLEGED DAMAGES IN ORDER TO AVOID THE COSTS AND UNCERTAINTY ASSOCIATED WITH PROTRACTED LITIGATION. PLEASE ALSO NOTE THAT IN JUNE OF 2010 FINRA CONDUCTED A PRELIMINARY INVESTIGATION SURROUNDING THE EVENTS ALLEGED IN THE STATEMENT OF CLAIM. ON APRIL 28, 2011, FINRA ISSUED A LETTER CLOSING THEIR INVESTIGATION WITH NO FURTHER ACTION AGAINST FRANK PARKER OR JANNEY MONTGOMERY SCOTT LLC.
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