LANCE AVERY DUNN

LANCE AVERY DUNN is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES FINANCIAL SERVICES, INC. located at 7020 NORTH MARKS AVENUE, FRESNO, CA, 93711.

LANCE AVERY DUNN has worked at RAYMOND JAMES FINANCIAL SERVICES, INC. since February 28, 2011

Disclosure History

LANCE AVERY DUNN has 2 Disclosure Event(s).

Date: March 11, 2011
Category: Customer Dispute
Allegations: CLIENT VERBALLY ALLEGED THAT REPRESENTATIVE TOLD CLIENT THAT HIS AUGUST 3, 2010 INVESTMENT IN A MUTUAL FUND WITHIN AN ADVISORY ACCOUNT WOULD PAY A LOW INTEREST BUT THAT HIS MONEY WAS GUARANTEED. CLIENT LIQUIDATED AT A LOSS ON FEBRUARY 2, 2011. CLIENT REQUESTED THAT HE BE PAID THE DIFFERENCE BETWEEN HIS STARTING AND ENDING ACCOUNT VALUES.
Damage Amount Requested: $54,263.00
Settlement Amount: $23,690.00
Broker Comment: I TOLD THE CLIENT THAT THE UNDERLYING INVESTMENT IN THE US. GOV SEC FUND IN GNMA, WERE GURANTEED BACKED BY THE FULL FAITH AND CREDIT OF THE US GOV AS TO TIMELY PAYMENT OF PRINCIPAL AND INTEREST. THIS STATEMENT IS DIRECTLY FROM THE FRANKLIN BROCHURE. I ALSO EXPLAINED THE VALUE OF THE INVESTMENT WILL FLUCTUATE IN VALUE, IS NOT GURANTEED AND ON THE SAME BRICHURE POINTED OUT SPECIFICALLY 1994 WHEN THIS FUND WAS NEGATIVE 2.69%.

Date: May 19, 2003
Category: Customer Dispute
Allegations: CLIENT IS ALLEGING THAT NO NEEDS ASSESSMENT WAS DONE AND THAT THE ANNUITY (ING ENHANCED ESII) WAS NOT APPROPRIATE FOR SOMEONE OF HER AGE. SHE ALSO ALLEGES THAT SHE WAS GUARANTEED A RETURN OF 8%.
Damage Amount Requested: $63,450.17

More Information

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