PATRICIA ANN LLOYD is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 11811 N TATUM BLVD STE 4020, PHOENIX, AZ, 85028.
PATRICIA ANN LLOYD has worked at LPL FINANCIAL LLC since July 05, 2016
PATRICIA ANN LLOYD has 4 Disclosure Event(s).
Date: June 07, 2017 Category: Customer Dispute Allegations: CLAIMANT ALLEGES BREACH OF FIDUCIARY DUTY, NEGLIGENCE, BREACH OF CONTRACT, VIOLATION OF ARIZONA SECURITIES ACT, AND RESPONDENT SUPERIOR Damage Amount Requested: $150,000.00
Date: February 20, 2015 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT RR MISREPRESENTED THE LIQUIDITY OF A REIT. Damage Amount Requested: $19,800.00 Broker Comment: IN 2009, THIS CLIENT INVESTED IN AN ILLIQUID NON-TRADED REIT. THE CLIENT WAS INFORMED OF THE ILLIQUID NATURE OF THE INVESTMENT AND SIGNED DOCUMENTATION ACKNOWLEDGING THAT THE INVESTMENT WAS ILLIQUID. IN 2014, THE CLIENT DECIDED TO PURCHASE A NEW HOME USING CASH GENERATED BY THE SALE OF ALL OF THEIR INVESTMENTS. SINCE THE CLIENT COULD NOT SELL THE ILLIQUID NON-TRADED REIT, THEY CLAIMED THAT THE ILLIQUID NATURE OF THE INVESTMENT WAS NOT DISCLOSED. THE CLAIM WAS DISMISSED BECAUSE THERE WAS ADEQUATE DOCUMENTATION AND ACKNOWLEDGEMENTS BY THE CLIENT SHOWING THE DISCLOSURE OF THE ILLIQUID NATURE OF THE INVESTMENT.
Date: April 24, 2013 Category: Customer Dispute Allegations: CLIENT IS NOT HAPPY WITH THE WAY RR MANAGES PORTFOLIO AND DOES NOT BELIEVE THE PURCHASE OF FUND WAS A SUITABLE RECOMMENDATION AND HAS REQUESTED FULL REIMBURSEMENT OF MONEY USED TO PURCHASE FUND. Damage Amount Requested: $49,803.50 Broker Comment: CLIENT MADE AN ERRONEOUS CLAIM REGARDING A TRADE IN AN ATTEMPT TO GET A TRADE UNWOUND BECAUSE SHE CHANGED HER MIND SEVERAL MONTHS AFTER THE TRADE WAS PLACED EVEN THOUGH SEVERAL CONVERSATIONS HAD TAKEN PLACE AND SHE HAD APPROVED THE TRADE.
Date: January 18, 2012 Category: Financial Type: Bankruptcy Disposition: Discharged Broker Comment: THE FILING FOR BANKRUPTCY WAS NECESSARY DUE TO UNCOVERED MEDICAL COSTS RELATED TO RR'S SON'S CARE AND A DIFFICULT DIVORCE. THE DIVORCE NECESSITATED THE SALE OF THE UNDERWATER MARITAL HOME ON WHICH THE SECOND LENDER DECIDED TO TAKE LEGAL ACTION. RR WAS ADVISED BY LEGAL COUNSEL THAT BANKRUPTCY WAS THE BEST COURSE OF ACTION IN ORDER TO MITIGATE THE CURRENT AND FUTURE NEGATIVE FINANCIAL EFFECTS THE LAWSUIT WOULD HAVE ON RR'S FAMILY.
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