PRENT CHARLES HOUCK

PRENT CHARLES HOUCK is currently employed as a Broker and/or Investment Adviser at CANTELLA & CO., INC. located at 10017 W COURT ST, PASCO, WA, 99301.

PRENT CHARLES HOUCK has worked at CANTELLA & CO., INC. since November 10, 2016

Disclosure History

PRENT CHARLES HOUCK has 2 Disclosure Event(s).

Date: October 10, 2016
Category: Employment Separation After Allegations
Firm Name: CENTURY SECURITIES ASSOCIATES, INC.
Termination Type: Discharged
Allegations: Use of discretion without client authorization form on file.

Date: April 21, 2008
Category: Customer Dispute
Allegations: CLIENT ALLEGES THAT SHE WAS ASSURED THAT SHE WOULD HAVE A NO RISK INVESTMENT AND WAS GUARANTEED THAT THEY WOULD NEVER LOSE PRINCIPAL AND THE INVESTMENT {AUCTION RATE SECURITIES} WOULD BE SAFE. CLIENT FURTHER ALLEGES THAT THEY WERE TOLD THEY WOULD BE IN A FIXED INCOME MARKET AND THAT THEY WOULD BE ABLE TO ACCESS THEIR MONEY WITHIN A THIRTY DAY PERIOD OR LESS. DAMAGES ESTIMATED TO BE IN EXCESS OF $5,000.
Damage Amount Requested: $5,000.00
Settlement Amount: $150,000.00
Broker Comment: THE COMPLAINT AROSE IN CONNECTION WITH THE INDUSTRY WIDE BREAKDOWN OF THE LIQUIDITY IN THE MARKET FOR AUCTION RATE SECURITIES ("ARS"). THE FIRM AGREED TO REPURCHASE THE ARS SECURITIES AT ISSUE AT PAR VALUE FROM THE CLIENT PURSUANT TO A GLOBAL REPURCHASE AGREEMENT IT ENTERED INTO WITH SEVERAL REGULATORY BODIES. THIS WAS NOT A SETTLEMENT OF A DISPUTE BETWEEN THE CLIENT AND ME AND WAS NOT BASED ON THE MERITS OF THE CLIENT'S SPECIFIC CONCERNS OR ANY FINDING OF FAULT OR WRONGDOING BY ME. I WAS NOT A PARTY TO, AND DID NOT AGREE TO OR PARTICIPATE IN, THE REPURCHASE AGREEMENT BETWEEN THE FIRM AND THE RELEVANT REGULATORY BODIES. I DID NOT MAKE ANY PAYMENTS TO THE CLIENT AND I WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE SETTLEMENT AMOUNT. THE LISTED "SETTLEMENT AMOUNT" REPRESENTS ONLY THE GROSS INITIAL PAR VALUE OF THE ARS POSITION AND DOES NOT TAKE INTO ACCOUNT THE ACTUAL VALUE OF THE ARS POSITION AT THE TIME THE FIRM RECEIVED IT BACK FROM THE CLIENT IN CONNECTION WITH THE SETTLEMENT. THIS MATTER IS BEING REPORTED AS A SETTLEMENT PURSUANT TO THE REQUIREMENTS OF FINRA REGULATORY NOTICE 09-12.

More Information

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