PATRICIA JONES is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 4748 CHICAGO AVE SOUTH STE 21, MINNEAPOLIS, MN, 55407.
PATRICIA JONES has worked at LPL FINANCIAL LLC since September 14, 2012
Disclosure History
PATRICIA JONES has 1 Disclosure Event(s).
Date: January 31, 2008 Category: Customer Dispute Allegations: CLIENT STATES HE MET WITH THE FA TO DISCUSS THE POSSIBILITY OF TRANSFERRING THEIR ACCOUNTS TO HER. CLIENT INDICATES THEY AGREED TO THE TRANSFERS; HOWEVER, THE RIVERSOURCE FUND FAMILY WOULD NOT TRANSFER AND NEW PURCHASES WERE MADE INTO THE FRANKLIN TEMPLETON FUNDS. CLIENT STATES IT WAS NEVER COMMUNICATED THAT THEY WOULD INCUR $5,900 IN COMMISSION CHARGES. CLIENT IS REQUESTING REIMBURSEMENT OF THE COMMMISSION CHARGES THEY INCURRED, WHICH WERE NOT COMMUNICATED TO THEM PRIOR TO THE TRANSFER. Damage Amount Requested: $5,900.00 Broker Comment: YOU HAVE INDICATED YOU WERE INFORMED IT WOULD COST AROUND $1200 TO TRANSFER THE ASSETS TO THE FIRM; THE TRANSFER COSTS WERE CHARGED BY YOUR FORMER FINANCIAL INSTITUTION. ACCORDING TO THE FA, SHE REVIEWED WITH YOU THE POTENTIAL COMMISSIONS AND EXPENSES ON FRANKLIN TEMPLETON FUNDS. SHE STATED SHE REVIEWED WITH YOU COULD RECEIVE A $100,000 BREAKPOINT, CHARGING A 3.5% COMMISSION. AS THE ASSETS WERE RECEIVED, THE FA HAS STATED SHE CONTACTED YOU EACH TIME TO REVIEW INVESTING IN FRANKLIN TEMPLETON. AS THE ORDERS WERE PLACED, CONFIRMATIONS WERE SENT TO YOU CONFIRMING WHAT WAS PURCHASED AND THE SALES CHARGES. BASED ON OUR REVIEW, IT APPEARS THE FA REVIEWED WITH YOU THE SALES CHARGES ON THE INVESTMENTS PRIOR TO THE PURCHASES. IN LIGHT OF THESE CIRCUMSTANCES YOUR REQUEST FOR REIMBURSEMENT OF THE SALES CHARGES IS RESPECTFULLY DENIED.
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