KAREN LOUISE POWELL is currently employed as a Broker and/or Investment Adviser at PROEQUITIES, INC. located at 3781 MILL CREEK COURT, ATLANTA, GA, 30341.
KAREN LOUISE POWELL has worked at PROEQUITIES, INC. since July 03, 2003
KAREN LOUISE POWELL has 2 Disclosure Event(s).
Date: March 15, 2010 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT REPRESENTATIVE DID NOT PLACE STOP LOSS ORDERS ON STOCKS IN CLIENT'S PORTFOLIO AS HAD BEEN DISCUSSED. FURTHER ALLEGE THAT STOP LOSS ORDERS PLACED CAUSED LOSSES ON ADDITIONAL FUNDS. Damage Amount Requested: $8,000.00 Broker Comment: REPRESENTATIVE MET WITH CUSTOMER REGARDING THIS MATTER. HE HAD MISUNDERSTOOD HOW STOP LOSS ORDERS OPERATE. THE LOSSES EXPERIENCED WERE NOT DUE TO STOPS NOT BEING PLACED, BUT RATHER AS A RESULT OF MARKET VALUES. CLIENT IS SATISFIED WITH THE MANAGEMENT OF HIS ACCOUNT AND WILL MOVE FORWARD WITH THE STRATEGY AND THIS ADVISOR.
Date: January 22, 1992 Category: Customer Dispute Allegations: CLIENT PURCHASED SOME PAINE WEBBER GAS LIMITED PARTNERSHIPS ON THE SECONDARY MKT AT A DISCOUNT AFTER HER DAUGHTER ATTENED A SEMINAR PAINE WEBBER SPONSORED ON THE PRODUCT. THE CLIENT SIGNED NINE FORMS STATING THE PRODUCT WEAS APPROPRIATE FOR HER. IN 1992, PAINE WEBBER PRICED THE PRODUCT MUCH LOWER ON THE STATEMENT & THE CLIENT FILED A COMPLAINT OF INAPPRORIATENESS AND WENT TO ARBITRATION. PAINE WEBBER SETTLED FOR $15,000.00 WITHOUT MY KNOWLEDGE. Damage Amount Requested: $15,000.00 Settlement Amount: $15,000.00 Broker Comment: PAINEWEBBER SETTLED FOR APPROXIMATELY $15,000 WITHOUT MY KNOWLEDGE. I FOUND THE NEXT YEAR WHEN THEY MADE ME SIGN AN AGREEEMENT TO IT.
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