Date: June 12, 2012 Category: Customer Dispute Allegations: UNAUTHORIZED TRADING Damage Amount Requested: $8,047.00 Settlement Amount: $4,900.00 Broker Comment: RR DENIES ANY WRONGDOING,AS HE WAS NOT THE REP WHO RAN THE TRADE. RR HAD NO CONTACT WITH THE CLIENT IN REGARDS TO THE TRADE.
Date: March 31, 2000 Category: Customer Dispute Allegations: THE CLIENT ALLEGED THAT THE BROKER MISHANDLED ONE TRANSACTION IN HIS ACCOUNT RESULTING FROM A MISCOMMUNICATION WITH RESPECT TO THE ORDER TO PURCHASE THE STOCK. Settlement Amount: $13,500.00 Broker Comment: THE FIRM CONDUCTED A CAREFUL REVIEW OF THE ALLEGATIONS AND FOUND NO CONCLUSIVE EVIDENCE OF WRONGDOING, AND DETERMINED THAT THE COMPLAINT MAY HAVE BEEN PROMPTED BY MARKET FORCES BEYOND THE CONTROL OF THE BROKER (I.E. THE PRICE OF THE SECURITY WENT DOWN). HOWEVER, IN ORDER TO MINIMIZE THE COSTS ASSOCIATED WITH THE DEFENSE OF THIS CLAIM, THE BROKER AGREED TO A VOLUNTARY SETTLEMENT WITHOUT ANY ADMISSIONS OF LIABILITY OR WRONGDOING.
Date: November 27, 1999 Category: Criminal Charges: CRIMINAL POSSESSION OF A CONTROLLED SUBSTANCE 4TH DEGREE CLASS "C" FELONY CHARGE.NOT GUILTY PLEA ENTERED. Charge Type: FELONY Disposition: PLED GUILTY TO DISORDERLY CONDUCT, A MISDEMEANOR. PAID FINE IN THE AMOUNT OF $250. THE UNLAWFUL POSSESSION OF A CONTROLLED SUBSTANCE WAS DISMISSED IN ITS ENTIRETY. ALL DISPOSITION ARE EFFECTIVE FEBRUARY 2, 2001. Broker Comment: MR. BURKOFF HAS RETAINED LOCAL COUNSEL AND INTENDS TO VIGOROUSLY CONTEST THE CHARGE. I PLED GUILTY TO DISORDERLY CONDUCT AND THE UNLAWFUL POSSESSION OF A CONTROLLED SUBSTANCE CHARGE WAS DISMISSED.
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