PAUL LOUIS KNOBLICH is currently employed as a Broker and/or Investment Adviser at NPB FINANCIAL GROUP, LLC located at 1019 Cedar Street, Calistoga, CA, 94515.
PAUL LOUIS KNOBLICH has worked at NPB FINANCIAL GROUP, LLC since October 29, 2015
Disclosure History
PAUL LOUIS KNOBLICH has 5 Disclosure Event(s).
Date: July 20, 2012 Category: Customer Dispute Allegations: CUSTOMER IS ALLEGING THAT REPRESENTATIVE KNOBLICH FAILED TO PERFORM PROPER DUE DILIGENCE AND MISREPRESENTED THE RISK OF THE REITS TO CUSTOMER AND THAT REPRESENTATIVE KNOBLICH MADE UNSUITABLE RECOMMENDATIONS AND DID NOT DISCLOSE RISK. REPRESENTATIVE KNOBLICH ASSERTS THAT THE CUSTOMER WAS FULLY INFORMED OF THE INVESTMENT FEATURES, INCLUDING RISK. THE INVESTMENTS WERE SUITABLE AND APPROPRIATE BASED UPON THE CUSTOMER'S INVESTMENT OBJECTIVES AND PRIOR EXPERIENCE AS A REAL ESTATE INVESTOR. Damage Amount Requested: $1,000,000.00 Settlement Amount: $38,500.00 Broker Comment: ON MAY 13, 2014 A BUSINESS DECISION WAS MADE TO SETTLE THE CASE FOR $38,500.00. ADVISOR WAS NOT REQUIRED TO CONTRIBUTE FINANCIALLY TO THE SETTLEMENT AGREEMENT.
Date: August 26, 2011 Category: Customer Dispute Allegations: CUSTOMER IS UPSET THAT HE WASN'T GIVEN ADVICE ABOUT RECOVERING SOMETHING FROM DESERT CAPITAL ON HIS INITIAL INVESTMENT. CUSTOMER FEELS THAT PROPER DUE DILIGENCE WAS NOT CONDUCTED ON THE OFFERING PRIOR TO MAKING IT AVAILABLE FOR SALE. FOOTHILL DISAGREES WITH THE CUSTOMER'S ALLEGATIONS. ADVISOR DID COMMUMICATE WITH THE CUSTOMER AS DID SENIOR MANAGEMENT FROM THE FOOTHILL HOME OFFICE. DUE DILIGENCE WAS CONDUCTED BY FOOTHILL PRIOR TO OFFERING IT FOR SALE. CUSTOMER HAS NOT FILED A MONETARY CLAIM AGAINST FOOTHILL OR ADVISOR.
Date: July 15, 2011 Category: Customer Dispute Allegations: CLIENT IS UNHAPPY WITH HIS EXPECTED $5,010.00 LOSS WHEN THE BANKRUPTCY COURT MAKES ITS RULING SOON AND THEREFORE, HE SENT A COMPLAINING EMAIL. THIS HIGHLY EDUCATED INVESTOR WHO INITIALLY CONTACTED THE ADVISOR TO MAKE THE INVESTMENT NOW ALLEGES THAT THE INVESTMENT WAS UNSUITABLE. HOWEVER ACCORDNG TO HIS SUITABILITY INFORMATION, HE INDICATED THAT HIS RISK TOLERANCE WAS "AGGRESSIVE RISK," HE HAD RECEIVED A PROSPECTUS 7 DAYS IN ADVANCE, HE WAS AWARE AS TO THE RISK ILLIQUIDITY, POSSIBLE LOSS OF PRINCIPAL, AND HIS FINANCIAL NET WORTH WAS $1,057,000. Damage Amount Requested: $5,010.00
Date: August 25, 2004 Category: Customer Dispute Allegations: CLIENT STATED THAT SHE WAS UNINFORMED THAT DURING HER "30 DAY FREE LOOK" WITH THE VARIABLE ANNUITY, THAT SHE COULD RECEIVE LESS THAN HER ORIGINAL CONTRIBUTIONS IF SHE EXERCISED THE FREE LOOK. Damage Amount Requested: $13,414.27 Settlement Amount: $13,414.27 Broker Comment: MR. KNOBLICH DISPUTES [CUSTOMER]'S CLAIM BUT OFFERED TO SETTLE THE MATTER SINCE SHE APPEARED NOT TO BE COMPLETELY COMFORTABLE WITH THE INVESTMENT.
Date: March 12, 2003 Category: Customer Dispute Allegations: THIS ARBITRATION HAS EVOLVED FROM A CUSTOMER COMPLAINT THAT WAS PREVIOUSLY REPORTED AND IS CURRENTLY REFLECTED IN PAUL KNOBLICH'S U-4 FORM. CUSTOMER IS ALLEGING $600,000.00 IN LOSSES DUE TO EXCESSIVE AND UNSUITABLE INVESTMENTS IN PRIVATE PLACEMENT REITS AND VARIABLE ANNUITIES. THE INVESTMENTS WERE SUITABLE AND APPROPRIATE BASED UPON THE CLIENTS STATED OBJECTIVES AND RISK TOLERANCE. Damage Amount Requested: $600,000.00 Settlement Amount: $65,000.00 Broker Comment: ON MAY 14, 2014 A BUSINESS DECISION WAS MADE TO SETTLE THE CASE FOR $65,000.00. ADVISOR WAS NOT REQUIRED TO CONTRIBUTE FINANCIALLY TO THE SETTLEMENT AGREEMENT.
More Information
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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.
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