ROBERT LEE ADAMS is currently employed as a Broker and/or Investment Adviser at ROYAL ALLIANCE ASSOCIATES, INC. located at 222 KENHORST BLVD., READING, PA, 19607.
ROBERT LEE ADAMS has worked at ROYAL ALLIANCE ASSOCIATES, INC. since December 05, 2006
Disclosure History
ROBERT LEE ADAMS has 1 Disclosure Event(s).
Date: April 19, 2005 Category: Customer Dispute Allegations: CUSTOMER IS DISSATISFIED WITH ACCOUNT PERFORMANCE OVER AN UNSPECIFIED PERIOD OF TIME. CUSTOMER INVESTED IN VARIOUS MUTUAL FUNDS BETWEEN JANUARY 19, 1990 AND APRIL 15, 2005. CUSTOMER ALLEGES UNSUITABLE INVESTMENT RECOMMENDATIONS AND IS QUESITONING WHY "B" SHARES WERE USED IN CERTAIN INSTANCES. CUSTOMER ALSO ALLEGES HE HAS LOST MONEY IN HIS ACCOUNT. Damage Amount Requested: $70,000.00 Settlement Amount: $45,550.00 Broker Comment: CUSTOMER FILE CONTAINS DOCUMENTATION, INCLUDING A NEW ACCOUNT FORM AND PROSPECTUS RECEIPT FORM WHICH SUPPORT THE RECOMMENDATIONS MADE AND WHICH DOCUMENT THE DISCLOSURE OF THE VARIOUS SHARE CLASSES AVAILABLE TO THE CLIENT. RECORDS INDICATE THAT OVER A 15-YEAR PERIOD THE CLIENT INVESTED $392,752, WITHDREW $64,891 AND HAD A REMAINING BALANCE AS OF THE DATE OF THE COMPLAINT OF $512,390.
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