JAMES BLAKE BUCHANAN is currently employed as a Broker and/or Investment Adviser at SUNTRUST INVESTMENT SERVICES, INC. located at 4828 S. FLORIDA AVENUE, LAKELAND, FL, 33813.
JAMES BLAKE BUCHANAN has worked at SUNTRUST INVESTMENT SERVICES, INC. since July 31, 1998
Disclosure History
JAMES BLAKE BUCHANAN has 4 Disclosure Event(s).
Date: May 26, 2016 Category: Customer Dispute Allegations: The trustees' attorney alleges a 2012 immediate annuity was unsuitable and that sales of various equities created an avoidable tax liability. Damage Amount Requested: $34,563.00 Settlement Amount: $92,500.00 Broker Comment: Client provided cost basis, chose time of sale for stocks and amount he wanted to invest in the annuity. He understood he might not live long enough to recover 100% but it met his goal of covering all basic debts. Guidance was requested from the firm's Central Supervisory Group before initiating the annuity and all firm guidelines followed through its issuance.
Date: February 19, 2016 Category: Customer Dispute Allegations: The trustees' attorney alleges a 2012 immediate annuity purchase was unsuitable and that sales of various equities resulted in a avoidable tax liability. Damage Amount Requested: $34,563.00 Broker Comment: I deny all allegations. For several years the client discussed selling his concentrated stock positions and purchasing an immediate annuity to provide a more reliable income stream. I relied on the client for cost basis information since the stocks were purchased elsewhere long before he opened an STIS account.
Date: September 07, 2004 Category: Customer Dispute Allegations: IN MARCH 2000, CUSTOMERS INVESTED 408,000 WITH OUR REGISTERED REPRESENTATIVE. THE CUSTOMERS ALLEGE THAT OUR REGISTERED REPRESENTATIVE RECOMMENDED INVESTMENTS WHICH WERE NOT SUITABLE FOR THEIR INVESTMENT OBJECTIVES AND SUBSEQUENTLY RECOMMENDED THAT THEY LIQUIDATE POSITIONS IN THEIR ACCOUNT, WHICH RESULTED IN A NET LOSS OF 228,000. Damage Amount Requested: $228,000.00 Damages Granted: $200,300.00
Date: June 10, 2003 Category: Customer Dispute Allegations: CLIENT CLAIMS INVESTMENT WAS UNSUITABLE Damage Amount Requested: $50,000.00
More Information
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