JAMES DONALD LARKIN

JAMES DONALD LARKIN is currently employed as a Broker and/or Investment Adviser at CETERA ADVISOR NETWORKS LLC located at 14997 W BELL RD STE 100, SURPRISE, AZ, 85374.

JAMES DONALD LARKIN has worked at CETERA ADVISOR NETWORKS LLC since July 01, 1983

Disclosure History

JAMES DONALD LARKIN has 2 Disclosure Event(s).

Date: July 14, 1993
Category: Customer Dispute
Allegations: UNSUITABILITY
Settlement Amount: $210,000.00
Broker Comment: CLAIM WAS SETTLED FOR $210,000. INDIVIDUALCONTRIBUTION $17,500. ALL CHARGES DISMISSED.BASED UPON INFORMATION AND OBJECTIVES FURNISHEDBY THE INVESTORS AT THE TIME OF THE TRANSACTIONS, THERECOMMENDED INVESTMENTS WERE SUITABLE. ECONOMIC FACTORS ANDSUBSEQUENT TAX LEGISLATION ALSO HAD AN EFFECT UPON THE SUCCESSOF THE INVESTMENTS. REPRESENTATIVE DENIES ALL ALLEGATIONS.

Date: April 01, 1993
Category: Customer Dispute
Allegations: ACCOUNT RELATED NEGLIGENCE, BREACH OFFIDUCIARY DUTY, FRAUD, MISREPRESENTATION, UNSUITABILITY.
Settlement Amount: $1,850,000.00
Broker Comment: CLAIMS SETTLED FOR $1,850,000 PAID BY INSURANCECOMPANY. ALL CHARGES DISMISSED.REPRESENTATIVE DENIES ALL CHARGES. CLAIMS WEREINITIATED BECAUSE OF A FAMILY FEUD OVER WHICH BENEFICIARIES OFA LARGE FAMILY TRUST SHOULD ACT AS TRUSTEES. TWO WERE NAMED BYTHE FATHER TO ACT AS TRUSTEES, AND THEY HIRED ME TO MANAGE THEASSETS. THE OTHER THREE BROUGHT SUIT. AS A RESULT THE TRUSTWAS DIVIDED INTO 5 TRUSTS, EACH BENEFICIARY RECEIVING 1/5TH.THE TWO WHO ORIGINALLY HIRED ME HAVE CONTINUED TO HAVE MEMANAGE THEIR ASSETS.

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