FRED BERNE MCNEELY is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES FINANCIAL SERVICES, INC. located at 18919 NORDHOFF STREET, SUITE 6C, NORTHRIDGE, CA, 91324.
FRED BERNE MCNEELY has worked at RAYMOND JAMES FINANCIAL SERVICES, INC. since May 22, 2009
Disclosure History
FRED BERNE MCNEELY has 7 Disclosure Event(s).
Date: May 20, 2009 Category: Financial Type: Compromise Disposition: Satisfied/Released Broker Comment: BANK OF AMERICA WILL ISSUE AN INCOME STATEMENT FOR THE $17, 000 ACCOUNT PAID AND FULL.
Date: July 30, 2008 Category: Customer Dispute Allegations: COMPLAINT ABOUT AUCTION RATE SECURITIES THAT ALLEGES UNSUITABILITY. Settlement Amount: $81,462.70 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENT TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12. CLIENT DEEMED ELIGIBLE FOR GLOBAL ARS REGULATORY SETTLEMENT FOR FULL VALUE OF ARS INVESTMENT.
Date: August 14, 2007 Category: Customer Dispute Allegations: CLIENT ALLEGED MISREP, MISMANAGEMENT, AND PUTTING HIM IN INVESTMENTS THAT EXCEEDED HIS RISK TOLERANCE--1999-2005.DAMAGES UNSPECIFIED. Broker Comment: CLAIM DENIED.
Date: October 10, 2001 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT THE RESPONDENTS SOLD HIM UNSUITABLE INVESTMENTS, ENGAGED IN MISREPRESENTATION, EXCESSIVE AND UNAUTHORIZED TRADING AND FAILED TO SUPERVISE ACTIVITIES. Damage Amount Requested: $1,000,000.00 Settlement Amount: $200,000.00
Date: June 12, 2001 Category: Customer Dispute Allegations: ALLEGES UNAUTHORIZED AND UNSUITABLE TRADING RESULTING IN LOSSES OF $45,000 WHILE THE FC WAS EMPLOYED BY FIRST UNION SECURITIES. ALSO ALLEGES THAT THE FC PAID HIM $1,000. Damage Amount Requested: $45,000.00 Broker Comment: GREGORY TEVIS IS HANDLING THIS MATTER.
Date: January 16, 2001 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT HER SALE OF A KEMPER ANNUITY AND PURCHASE OF A HARTFORD ANNUITY WAS NOT EXPLAINED. SHE SAYS SHE DOESN'T REMEMBER SIGNING PAPERWORK TO MAKE THE CHANGE AND BELIEVES THAT THE PRODUCT THAT SHE OWNS IS UNSUITABLE FOR HER. Damage Amount Requested: $5,000.00
Date: October 11, 1996 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT BROKER FAILED TO PLACEAN ORDER TO SELL FOX'A IN JUNE 1996 AT $30 PER SHARE. SHE ISDEMANDING THE DIFFERENCE BETWEEN $30 PER SHARE AND TEH CURRENTMARKET PRICE ($13.75) ON 5284 SHARES OR APPROXIMATELY $85,865 Damage Amount Requested: $85,865.00 Settlement Amount: $10,000.00 Broker Comment: THE CLIENT ASKED THE FIRM TO RE-REVIEW HERCLAIMS. IN AN EFFORT TO RESOLVE THIS MATTER SHORT OFARBITRATION, [CUSTOMER] WAS PAID $10,000 TO FULLY RESOLVE HERCLAIMS AGAINST THE FIRM AND ITS AGENT. THE BROKER, FREDMCNEELY, PAID THE FULL SETTLEMENT COST.NOT PROVIDED
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