JAMIE DESEAN GRANT

JAMIE DESEAN GRANT is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 1250 E. COPELAND RD, SUITE 540, ARLINGTON, TX, 76011.

JAMIE DESEAN GRANT has worked at LPL FINANCIAL LLC since December 17, 2009

Disclosure History

JAMIE DESEAN GRANT has 1 Disclosure Event(s).

Date: May 14, 2012
Category: Customer Dispute
Allegations: CLAIMANT ALLEGES RESPONDENTS SET UP THEIR ACCOUNTS WITH AN INACCURATE RISK TOLERANCE THAT WAS TOO AGGRESSIVE AND UNSUITABLE FOR THEIR SITUATION. CLAIMANTS FURTHER ALLEGE THEY REQUESTED THAT THE ACCOUNTS BE INVESTED MORE CONSERVATIVELY AND RESPONDENTS DID NOT MAKE THE REQUESTED CHANGES. AS A RESULT, CLAIMANTS SUFFERED DAMAGES AND REQUEST $32,000 IN COMPENSATORY DAMAGES AND $7,200 IN PUNITIVE DAMAGES.
Damage Amount Requested: $32,000.00
Settlement Amount: $9,736.00
Broker Comment: AMERIPRISE CHOSE TO SETTLE THIS MATTER FOR $9,736 IN ORDER TO AVOID THE COSTS ASSOCIATED WITH FINRA ARBITRATION. I AM ONE OF THREE BROKERS NAMED IN THIS COMPLAINT. I DID NOT HAVE A RELATIONSHIP WITH THIS CUSTOMER. I WAS ONLY ASSIGNED TO SERVICE HIS ACCOUNT AFTER ANOTHER BROKER LEFT THE FIRM. I ATTEMPTED TO CONTACT HIM AFTER HIS ACCOUNT WAS ASSIGNED TO ME, BUT HE DID NOT RESPOND TO MY LETTERS OR PHONE CALLS.I NEVER EXECUTED ANY TRANSACTIONS FOR HIM, AND NEVER GAVE HIM FINANCIAL ADVICE. ALL OF THE ALLEGATIONS MADE IN THE COMPLAINT WERE RELATED TO INVESTMENTS MADE BEFORE I WAS ASSIGNED TO HIS ACCOUNT. THE ONLY REASON THIS COMPLAINT APPEARS ON MY RECORD IS BECAUSE I WAS NAMED IN THE COMPLAINT, AND FINRA REGULATIONS REQUIRE IT TO BE REPORTED FOR EVERYONE NAMED IN THE COMPLAINT. THERE WAS NO WRONGDOING OR MISCONDUCT ON MY PART.

More Information

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