MARY ALICE HENRY is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 10 CORPORATE HILL DR, STE 250, LITTLE ROCK, AR, 72205.
MARY ALICE HENRY has worked at LPL FINANCIAL LLC since March 07, 2008
Disclosure History
MARY ALICE HENRY has 2 Disclosure Event(s).
Date: July 10, 2008 Category: Customer Dispute Allegations: THE CLIENT IS REQUESTING RELIEF FROM THE LOSS TAKEN ON THE SALE OF FANNIE MAE AND FREDDIC MAC BONDS THAT WERE PURCHASED IN 1/08 AND SOLD IN 6/08. THE CLIENT STATES HE WAS TOLD TO REQUEST RELIEF ON THE GROUNDS OF AN "UNSUITABLE INVESTMETN FOR AN UNSOPHISTICATED INVESTOR" THE CLIENT IS REQUESTING PAYMENT IN THE AMOUNT OF 4% OF THE INVESTMENT OR $7,360. Damage Amount Requested: $7,360.00 Broker Comment: THE FA STATED THAT THE CLIENT CONTACTED HER ABOUT PURCHASING FANNIE MAE AND FREDDIE MAC BONDS. THE BONDS WERE NOT IN INVENTORY, HOWEVER, THERE WERE SIMILAR BONDS THAT THE FA EXPLAINED WERE COLLATERLIZED WITH THE FREDDIE MAC AND FANNIE MAE MORTGAGES. AFTER DISCUSSING THE BONDS, THE CLIENT WANTED TO PURCHASE $6,000 OF THE BONDS. THE FA STATED THAT WITHIN A FEW DAYS THE CLIENT CONTACTED THE FA AND WANTED TO PURCHASE ADDITIONAL BONDS. THE FA DID NOT RECALL DISCUSSING SUB PRIME MORTGAGES WITH THE CLIENT. THE FA STATED THAT SHE DISCUSSED THE BONDS TO ENSURE THAT THE CLIENT FULLY UNDERSTOOD THE INVESTMENT. THE BONDS WERE DISCUSSED IN DETAIL TO INCLUDE THAT THE VALUE OF THE BONDS WOULD BE SUBJECT TO FLUCTUATION. THE CLIENT CONTACTED THE CURRENT FA IN MARCH 2008 TO SELL THE BONDS, HOWEVER, THE FA EXPRESSED HIS CONCERN AS THE BONDS HAD BEEN HELD FOR SUCH A SHORT PERIOD OF TIME. THE BONDS WERE NOT SOLD AND THE CLIENT CONTACTED THE CURRENT FA AGAIN IN JUNE 2008 REGARDING THE LIQUIDATION OF THE BONDS. THE FA STATED IN HIS NOTES THAT HE REMINDED THE CLIENT OF THE REASONS THAT THE BONDS WERE PURCHASED INITIALLY, HOWEVER, INTRUCTIONS WERE GIVEN TO LIQUIDATE. IT APPEARS AS THOUGH THE BONDS WERE FULLY EXPLAINED AND THE CLIENT CONFIRMED TO THE FA THAT HE UNDERSTOOD THE NATURE OF THE BONDS. CLAIM DENIED.
Date: September 03, 2002 Category: Customer Dispute Allegations: PREVIOUS FIRM COMPLAINT: WRITTEN COMPLAINT ALLEGING INVESTMENTS WERE UNAUITABLE FOR THE CUSTOMERS. Damage Amount Requested: $370,000.00 Settlement Amount: $20,000.00 Broker Comment: PREVIOUS FIRM COMPLAINT SETTLED FOR $20,000, $5,000 OF WHICH IS IR CONTRIBUTION.
More Information
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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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