MICHAEL JOSEPH LOPATA

MICHAEL JOSEPH LOPATA is currently employed as a Broker and/or Investment Adviser at LINCOLN FINANCIAL ADVISORS CORPORATION located at 300 GALLERIA PARKWAY SE, SUITE 900, ATLANTA, GA, 30339.

MICHAEL JOSEPH LOPATA has worked at LINCOLN FINANCIAL ADVISORS CORPORATION since April 05, 2010

Disclosure History

MICHAEL JOSEPH LOPATA has 1 Disclosure Event(s).

Date: November 11, 2002
Category: Customer Dispute
Allegations: CLIENTS ALLEGE THEIR INVESTMENTS DID NOT MEET OUR AGREED UPON STRATEGY. IN ADDITION, THEY CLAIM I EXECUTED UNAUTHORIZED TRADES AND DELAYED LIQUIDATIONS. ALONG WITH REIMBURSING MARKET LOSSES, THE CLIENT'S ARE REQUESTING RETURNED MANAGEMENT FEES.
Damage Amount Requested: $84,672.00
Settlement Amount: $3,722.59
Broker Comment: THE FIRM FOUND THAT THE CLIENTS AGREED TO THE INVESTMENT STRATEGY, AUTHORIZED THE TRANSACTIONS, AND THEIR LIQUIDATION REQUESTS WERE PROMPTLY EXECUTED. IN THE ABSENSE OF DOCUMENTATION TO SUPPORT THAT ALTERNATIVE MUTUAL FUND SHARE CLASS OPTIONS WERE PRESENTED, THE FIRM COMPENSATED THE CLIENTS FOR HALF OF THEIR CONTINGENT DEFERRED SALES CHARGE AND REIMBURSED THEIR FINANCIAL PLANNING FEE.

More Information

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