JARET CLINTON MUTTER

JARET CLINTON MUTTER is currently employed as a Broker and/or Investment Adviser at CETERA ADVISOR NETWORKS LLC located at 2965 COLONNADE DR, STE 310, ROANOKE, VA, 24018.

JARET CLINTON MUTTER has worked at CETERA ADVISOR NETWORKS LLC since October 17, 2017

Disclosure History

JARET CLINTON MUTTER has 8 Disclosure Event(s).

Date: April 04, 2018
Category: Regulatory
Initiated By: Virginia State Corporation Commission
Allegations: Numerous disclosures; placed under special supervision by firm & Texas.
Resolution: Special Supervision Order
Sanctions: Special Supervision Order
Broker Comment: Special Supervision Order effective 4/04/18 is in effect for 1 year.

Date: May 26, 2015
Category: Customer Dispute
Allegations: misrepresentation and unsuitability.
Damage Amount Requested: $50,310.00

Date: April 10, 2015
Category: Customer Dispute
Allegations: CLIENT ALLEGES MISREPRESENTATION OF FEES AND POTENTIAL RISK OF LOSS OF PRINCIPLE AND THEREFORE FEELS THE PRODUCT IS UNSUITABLE.
Damage Amount Requested: $4,838.00
Settlement Amount: $4,838.00
Broker Comment: DID NOT HAVE COPY OF COMPLETE SETTLEMENT AGREEMENT. ONLY RECEIVED SIGNATURE. THEREFORE USED LOSS CLAIM AMOUNT AS BEST GUESS FOR SETTLEMENT AMOUNT.

Date: April 03, 2015
Category: Customer Dispute
Allegations: CLIENT ALLEGES UITS WERE MISREPRESENTED AS LOW RISK
Damage Amount Requested: $37,382.00

Date: April 03, 2015
Category: Customer Dispute
Allegations: CLIENT ALLEGES UITS WERE MISREPRESENTED AS LOW RISK
Damage Amount Requested: $12,828.00

Date: March 20, 2015
Category: Customer Dispute
Allegations: CLIENT ALLEGES UNSUITABLE SALES OF UITS FROM 2012-2014
Damage Amount Requested: $29,252.36
Settlement Amount: $26,233.00
Broker Comment: CLIENT IS AN EXPERIENCED INVESTOR. HE HAS INVESTED IN UITS FOR MANY YEARS PRIOR TO OUR WORKING TOGETHER AND HAD UIT POSITIONS WHEN THE ACCOUNTS WERE TRANSFERRED TO ME AS THE ADVISOR. THE UIT STRATEGY WE ADDITIONALLY INVESTED IN WAS A LONG TERM INCOME STRATEGY DESIGNED TO PROVIDE INCOME AND MAINTAIN PRINCIPAL IN A RISING INTEREST RATE ENVIRONMENT AND COMPLIMENT HIS OTHER EQUITY BASED INVESTMENTS. DURING THE TIME PERIOD IN QUESTION RATES MOVED SIGNIFICANTLY LOWER CAUSING A DECLINE IN PRINCIPAL AS TO BE EXPECTED IN A DECLINING RATE ENVIRONMENT. CLIENT WAS FULLY AWARE OF POTENTIAL FOR SHORT TERM VOLATILITY.

Date: December 03, 2014
Category: Customer Dispute
Allegations: CLIENT CLAIMS MISMANAGEMENT OF RETIREMENT ACCOUNTS BASED ON TOTAL DISREGARD FOR HIS WISHES.
Damage Amount Requested: $44,123.00
Settlement Amount: $14,000.00

Date: September 23, 2014
Category: Customer Dispute
Allegations: CLIENT ALLEGES SHE REQUESTED $75,000 BE PUT INTO A MONEY MARKET ACCOUNT BUT THE REPRESENTATIVE INVESTED THE FUNDS WITHOUT HER PERMISSION AND SHE LOST $15,000.00
Damage Amount Requested: $11,501.58
Settlement Amount: $3,783.00

More Information

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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

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

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