MARLIS ANN GILBERT is currently employed as a Broker and/or Investment Adviser at PURSHE KAPLAN STERLING INVESTMENTS located at 2670 106TH STREET,, SUITE 220, DES MOINES, IA, 50322.
MARLIS ANN GILBERT has worked at PURSHE KAPLAN STERLING INVESTMENTS since April 14, 2016
MARLIS ANN GILBERT has 2 Disclosure Event(s).
Date: May 29, 2002 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT THE INVESTMENTS IN A MANAGED ACCOUNT WERE UNSUITABLE. DAMAGES ARE UNSPECIFIED. Settlement Amount: $9,999.00 Broker Comment: I DENY THE ALLEGATIONS MADE BY THE CUSTOMER, THE PORTFOLIO WAS APPROPRIATE FOR THEM, DESIGNED TO GENERATE THE INCOME THEY DESIRED. CUSTOMERS UNDERSTOOD THE INVESTMENTS AND OBJECTIVES.
Date: May 22, 1991 Category: Customer Dispute Allegations: 93-1612 (APPEAL) [CUSTOMERS] ORIGINAL COMPLAINTCLAIM: FAILURE TO RECOMMEND SUITABLE INVESTMENTS CONSISTENTWITH [CUSTOMERS] FINANCIAL OBJECTIVES AND LEVEL OF RISK ACCEPTANCE.MISREPRESENTATION OF INVESTMENTS BY FAILING TO: SELECTINVESTMENTS CONSISTENT WITH GOALS; ADVISE THAT PRINCIPALINVESTMENTS WERE AT RISK; ADVISE INVESTMENTS WERE HIGH RISK;ADVISE THAT SOME INVESTMENTS WOULD NEVER BE LIQUID. REQUESTEDDAMAGES FOR PRINCIPAL AND INTEEST LOSS PLUS PUNITIVE DAMAGESTOTALLING $500,00+ Damage Amount Requested: $81,000.00 Damages Granted: $122,421.00 Broker Comment: ARBITRATION PANEL AWARDED [CUSTOMERS] $122,421 TO BEPAID JOINTLY AND SEVEALLY BY FSC SECURITIES CORP., INTEGRATEDFINANCIAL SERVICES, [THIRD PARTY] AND MYSELF. U.S.DISTRICT COURT FOURTH DIVISION AND U.S. COURT OF APPEALS,EIGHTH CIRCUIT CONFIRMED THE AWARD. THE AWARD WAS SATISFIEDMARCH 1, 1994.I DENY ALL OF THE ALLEGATIONS. THE ARBITRATIONHEARING TESTIMONY AND EVIDENCE APPEARED TO PROVE THAT ALLALLEGATIONS AGAINST ME WERE NOT ACCURATE. THE [CUSTOMERS] LOSTMONEY ON LIMITED PARTNERSHIPS FOR WHICH THEY MET SUITABILITY.THEY FILED THEIR COMPLAINT AFTER THE NORMAL SIX YEAR LIMITATIONPROVIDED IN SECTION 15. THE APPEALS AFFIRMED THE ARBITRATOR'SABILITY TO INTERPRET SECTION 15.
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