PAUL CARL STERK is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 6011 WEST 95TH STREET, OAK LAWN, IL, 60453.
PAUL CARL STERK has worked at LPL FINANCIAL LLC since November 07, 2012
Disclosure History
PAUL CARL STERK has 2 Disclosure Event(s).
Date: April 03, 2011 Category: Customer Dispute Allegations: HARRIS INVESTOR SERVICES, INC. (HIS) RECEIVED THE CUSTOMER'S FIRST COMPLAINT ON 2/5/11 ALLEGING THAT HER HIS REGISTERED REPRESENTATIVE (RR), PAUL STERK, DID NOT DISCLOSE FEES RELATING TO THE INSURED MUNS INCOME TR UNIT 618 & 620 THAT SHE PURCHASED ON 9/28/10 & 10/21/10, RESPECTIVELY. THE CUSTOMER ALSO MENTIONED CUSTOMER SERVICE CONVERSATIONS / ISSUES RELATING TO CREATING A WILL, LOOKING FOR A JOB AND AFFORDABILITY OF HER HOME. ON 4/3/11 THE CUSTOMER SET FORTH THE SAME ALLEGATIONS AS CONTAINED IN HER FIRST COMPLAINT DATED 2/5/11 AND FURTHER ALLEGED THAT: (1) CUSTOMER WANTED NO RISK AND WAS NOT INTERESTED IN GROWTH; (2) "HARRIS" KNEW THE CUSTOMER WANTED CDS YET SHE WAS SIGNED UP FOR INSURED TRIPLE A BONDS; (3) RR KNOWINGLY SOLD BONDS THAT ARE MAKING IT IMPOSSIBLE FOR CUSTOMER TO PAY PROPERTY TAXES, UTILITIES, UP-KEEP FOR DOCTORS & MEDICATION; AND (4) CUSTOMER'S ACCOUNT PROFILE WAS COMPLETED WITH INACCURATE INFORMATION RELATING TO HER PLACE OF EMPLOYMENT, INCOME & PENSION. OTHER CUSTOMER SERVICE ISSUES RAISED IN ADDITION TO CUSTOMER'S FIRST COMPLAINT INVOLVED THE CLAIM THAT HER RR TOLD CUSTOMER NOT TO OPEN HER STATEMENTS AS THEY ARE CONFUSING & MISLEADING. LASTLY, THE CUSTOMER STATED THAT WITHIN 2 MONTHS SHE LOST $48,000. Damage Amount Requested: $48,000.00 Settlement Amount: $295,273.67 Broker Comment: HIS CONCLUDED ITS REVIEW. HIS SETTLED AS A RESULT OF THE FINANCIAL ADVISOR NOT DELIVERING PROSPECTUSES TO THE CUSTOMER. THE OTHER ALLEGATIONS SET FORTH BY THE CUSTOMER WERE UNFOUNDED.
Date: March 20, 2009 Category: Financial Type: Bankruptcy Disposition: Discharged
More Information
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