MELINDA T PAKULSKI is currently employed as a Broker and/or Investment Adviser at COMMONWEALTH FINANCIAL NETWORK located at 94 ZEPHYR ROAD, WILLISTON, VT, 05495.
MELINDA T PAKULSKI has worked at COMMONWEALTH FINANCIAL NETWORK since February 26, 2010
Disclosure History
MELINDA T PAKULSKI has 1 Disclosure Event(s).
Date: September 21, 2003 Category: Customer Dispute Allegations: THE ATTORNEY THAT THE PLAINTIFFS' HAVE ENGAGED HAS STATED THE FOLLOWING ALLEGATIONS:THE PLAINTIFFS ARE UNSOPHISTICATED INVESTORS WITH NO INVESTMENT EXPERIENCE.THEN INVESTED THE PROCEEDS THEY RECEIVED FROM THE SALE OF THEIR PRIMARY RESIDENCE IN AN AIM BALANCED MUTUAL FUND CLASS "A" SHARE IN JUNE OF 2000.THEY WERE LED TO BELIEVE THE AIM FUND WAS A CONSERVATIVE INVESTMENT WITHOUT LITTLE OR NO RISK TO THEIR PRINCIPAL, WHILE POSSIBLY RECEIVING MINIMUM INCOME FROM THE FUND AND GETTING A HIGHER RATE OF RETURN THAN THEIR MONEY MARKET ACCOUNT.THEN WERE NOT ADVISED OF ANY OTHER INVESTMENT PRODUCTS THAT ALSO, MAY HAVE MET THEIR INVESTMENT OBJECTIVES.THEN ADMITTED THEY DID RECEIVE A PROSPECTUS AND THE CURRENT ANNUAL REPORT AT THAT TIME REGARDING THE AIM FUND. UPON THEIR REVIEW OF THE MATERIALS THE PLAINTIFFS DID INFORM THE REGISTERED REPRESENTATIVE THEY DID NOT UNDERSTAND THE CONTENTS OF THESE DOCUMENTS.THE REGISTERED REPRESENTATIVE FAILED TO DISCLOSE MARKET RISKS THAT ARE ASSOCIATED WITH MUTUAL FUNDS AND RISK TOLERANCE.THEY ARE SEEKING RECOVERY DAMAGES THAT THEY HAVE INCURRED IN MARKET LOSS FROM INVESTING IN THE AIM BALANCED FUND. Damage Amount Requested: $33,877.78 Settlement Amount: $28,000.00 Broker Comment: IT WAS DETERMINED THERE WAS NO ADMISSION OF LIABILITY OR WRONGDOING OF ANY NATURE BY THE REGISTERED REPRESENTATIVE. ALL PARTIES INVOLVED AGREED TO DISMISS THE LITIGATION WITH PREJUDICE. THE REGISTERED REPRESENTATIVE WAS RESPONSIBLE TO PAY THE SUM OF $1.00.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
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.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for MELINDA T PAKULSKI, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.