LAWRENCE WILTON WARREN is currently employed as a Broker and/or Investment Adviser at BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC. located at 931 S WASHINGTON STREET, SUITE 1, BISMARCK, ND, 58504.
LAWRENCE WILTON WARREN has worked at BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC. since October 10, 1994
LAWRENCE WILTON WARREN has 6 Disclosure Event(s).
Date: February 11, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES HE WAS TOLD THAT HE WOULDN'T LOSE ANY MONEY AND THAT HE COULD WITHDRAW UP TO 5% ANNUALLY OR 10% OF THE PRINCIPAL PENALTY-FREE, AND FEELS HE WAS MISINFORMED. Damage Amount Requested: $9,420.18
Date: August 06, 2007 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT THE TRANSFER OF THE VARIABILE ANNUITY INTO A FIXED ANNUITY WAS NOT IN THE CLIENT'S BEST INTEREST. Damage Amount Requested: $14,706.94
Date: March 26, 2006 Category: Customer Dispute Allegations: FROM THE DATES OF 11/3/2005 THRU 02/22/2006 CLIENT ALLEGES THAT HE WAS PLACED IN A FIXED ANNUITY AND WAS DISAPPOINTED WITH RETURN. Damage Amount Requested: $56,740.04 Broker Comment: ANNUITY COMPANY RETURNED CLIENTS ANNUITY PURCHASE PAYMENT AND CLIENT WAS REINSTATED INTO ORIGINAL POLICY.
Date: July 28, 2004 Category: Regulatory Initiated By: NORTH DAKOTA Allegations: WARREN, AS BRANCH MANAGER, FAILED TO SUPERVISE A BRANCH OFFICE BY FAILING TO MAINTAIN PROPER CORRESPONDENCE OR ADVERTISING FILES, AND FAILING TO CORRECT DEFECIENCIES WHEN NOTED BY THE FIRM. FURTHER, WARREN DID NOT PROPERLY APPROVE CLIENT SUITABILITY FORMS. WARREN FAILED TO ACKNOWLEDGE THAT HE HAD ANY SUPERVISORY RESPONSIBILITY OR AUTHORITY OVER THE BRANCH OFFICE.WARREN ALSO FAILED TO PROPERLY DISCLOSE A REGULATORY ACTION ON HIS U-4. Resolution: Consent SanctionDetails: Sanctions: Monetary/Fine SanctionDetails: Amount: $20,000.00 Sanction Details: CIVIL PENALTY WAS ASSESSED JOINTLY WITH THE DEALER.
Date: October 20, 2003 Category: Regulatory Initiated By: NORTH DAKOTA Allegations: AGENT MADE UNSUITABLE SALE OF A VARIABLE ANNUITY IN NORTH DAKOTA. Resolution: Consent SanctionDetails: Sanctions: Monetary/Fine SanctionDetails: Amount: $4,000.00 Sanction Details: FIRM AND AGENT JOINTLY ASSESSED A CIVIL PENALTY OF $4,000.
Date: February 25, 2003 Category: Customer Dispute Allegations: ALLEDGED SOLD UNSUITABLE INVESTMENTS IN VARIABLE ANNUITYS AND PROVIDED INCORRECT INFORMATION. Damage Amount Requested: $203,846.17 Damages Granted: $30,300.00 Broker Comment: BERTHEL FISHER & COMPANY FINANCIAL SERVICES, INC. AND LAWRENCE WARREN ARE JOINTLY AND SEVERALLY LIABLE FOR COMPENSATORY DAMAGES AND ARBITRATION COSTS.
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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.
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