FRED SOBLE KAHN

FRED SOBLE KAHN is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 100 N MICHIGAN ST, SOUTH BEND, IN, 46601.

FRED SOBLE KAHN has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since August 27, 1979

Disclosure History

FRED SOBLE KAHN has 5 Disclosure Event(s).

Date: May 13, 2010
Category: Customer Dispute
Allegations: CLIENT CLAIMS INVESTMENT RECOMMENDATIONS WERE UNSUITABLE.
Broker Comment: INVESTMENT REQUIRED CLIENT TO SIGN DISCLOSURE STATEMENT ACKNOWLEDGING SPECIFIC RISKS OF THE INVESTMENT. CLIENT SIGNED THE STATEMENT FOR THE INITIAL INVESTMENT IN 2007 AND ADDITIONAL DISCLOSURE STATEMENTS FOR SUBSEQUENT INVESTMENTS IN 2008 AND 2009. AFTER REVIEWING THE CLIENT'S COMPLAINT, MERRILL LYNCH DETEMINED THAT IT WAS WITHOUT MERIT.

Date: October 14, 2009
Category: Customer Dispute
Allegations: THE CUSTOMER ALLEGES UNAUTHORIZED TRADING.
Damage Amount Requested: $145,000.00 Damages Granted: $1.00

Date: June 03, 2003
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES FA MADE AN UNSUITABLE RECOMMENDATION.
Damage Amount Requested: $28,652.48
Broker Comment: AFTER INVESTIGATING THE ALLEGATIONS SET FORTH IN THE CUTOMER'S COMPLAINT, WE BELIEVE THEY HAVE NO MERIT. AN ASSET ALLOCATION OF 60 PERCENT FIXED INCOME AND 40 PERCENT EQUITIES WAS RECOMMENDED TO THE CLIENT. THE FIXED INCOME RECOMMENDATIONS WERE FDIC INSURED CDS AND AAA RATED MUNICIPAL BONDS. THE MANAGED EQUITY PORTFOLIO WAS DIVERSIFIED; THE SELECTION PROCESS FOCUSED ON A-RATED LARGE CAPITALIZATION STOCKS WITH CONSISTENT AND SUSTAINABLE EARNINGS GROWTH.

Date: July 19, 2002
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES THAT FINANCIAL ADVISOR INVESTED HER IN UNSUITABLE MUTUAL FUNDS. NO SPECIFIC AMOUNT OF COMPENSATORY DAMAGES WAS REQUESTED.

Date: June 26, 1970
Category: Regulatory
Initiated By: INDIANA
Resolution: Order SanctionDetails:
Sanctions: Suspension

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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