Robert T. Graham is currently employed as a Broker and/or Investment Adviser at EDWARD JONES located at 510 N GUADALUPE SUITE L, SANTA FE, NM, 87501.
Robert T. Graham has worked at EDWARD JONES since November 05, 1996
Disclosure History
Robert T. Graham has 1 Disclosure Event(s).
Date: April 10, 2007 Category: Customer Dispute Allegations: CLIENT STATES THE FA WAS SUPPOSED TO PURCHASE AN ANNUITY IN THE CHAMBER OF COMMERCE'S NAME. CLIENT STATES THE PURCHASE WAS NEVER MADE AND THE FA HAD HIM SIGN PAPERWORK ESTABLISHING HIM AS THE OWNER, YET NEVER DISCLOSED THAT THE CLIENT (NOT THE CHAMBER) WAS THE REGISTERED OWNER OF THE ANNUITY. CLIENT INDICATES THAT IN 2006 HE WAS ADVISED THAT THE CHAMBER WAS ISSUING A 1099 TO HIM AS A RESULT OF CHANGING THE OWNERSHIP. CLIENT BELIEVES EDWARD JONES AND THE CHAMBER SHOULD ASSUME RESPONSIBILITY FOR THE TAX LIABILITY AS WELL AS INTEREST AND PENALTIES. CLIENT DOES NOT MAKE A SPECIFIC CLAIM;HOWEVER, ALLEGED DAMAGES APPEAR TO EXCEED $5,000.00. Damage Amount Requested: $5,000.00 Broker Comment: ACCORDING TO THE FA, $75K WAS DEPOSITED IN THE (CHAMBER) ACCOUNT IN APRIL 2004. THE FA HAS INDICATED THE CLIENT INFORMED HIM THE FUNDS WERE A SETTLEMENT OF A SERVICE CONTRACT WITH THE CHAMBER AND THAT AN ANNUITY WAS TO BE PURCHASED IN THE CHAMBER'S NAME FOR WHICH THE CLIENT WAS TO BE THE BENEFICIARY. THE FA HAS INDICATED THE CLIENT INTENDED TO TAKE OWNERSHIP OF THE ANNUITY IN 01/05. AFTER THE INFORMATION FOR THE ANNUITY WAS SUBMITTED TO AIG SUNAMERICA (AIG), THE COMPANY APPEARS TO HAVE REQUESTED DOCUMENTATION EVIDENCING THAT THE CLIENT WAS AUTHORIZED TO MAKE DECISIONS ON BEHALF OF THE CHAMBER. (THIS INFORMATION WAS PROVIDED TO THE COMPANY.) APPARENTLY, THE BRANCH OFFICE STAFF WAS SUBSEQUENTLY CONTACTED BY AN ASSOCIATE OF AIG WHO EXPLAINED THE CONTRACT MAY NOT BE ABLE TO BE ISSUED IN THE NAME OF THE CHAMBER. THE FA HAS INDICATED IT WAS SUGGESTED THAT THE ANNUITY BE PURCHASED IN THE CLIENT'S NAME AFTER WHICH THE OWNER COULD BE CHANGED TO THE CHAMBER. OUR RECORDS REFLECT AN APPLICATION WAS COMPLETED IN WHICH THE CLIENT WAS NAMED AS THE OWNER/ANNUITANT. THE FA HAS INDICATED WHEN THE CONTRACT WAS DELIVERED TO THE CLIENT, HE AGAIN EXPLAINED THAT THE CONTRACT HAD NOT BEEN ISSUED IN THE CHAMBER'S NAME AND ALSO DISCUSSED THE CHANGE OF OWNERSHIP WITH THE CLIENT. HE HAS FURTHER INDICATED HE SUGGESTED DISCUSSING THE CHANGE IN OWNERSHIP WITH THE CLIENT'S TAX PROFESSIONAL TO DETERMINE WHAT, IF ANY, TAX CONSEQUENCES WOULD BE ASSOCIATED WITH THE CHANGE. BASED ON OUR REVIEW, WE ARE RESPECTFULLY DENYING THE CLIENT'S REQUEST FOR COMPENSATION. AS PREVIOUSLY STATED, THE CLIENT COMPLETED AN APPLICATION FOR WHICH HE WAS NAMED THE OWNER AND ANNUITANT OF THE CONTRACT AND THE CLIENT HAS RECEIVED STATEMENTS SINCE APRIL 2004 (APPROXIMATELY THREE YEARS) WHICH HAVE REFLECTED THE ANNUITY WAS REGISTERED IN HIS NAME. CLAIM DENIED.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
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.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for Robert T. Graham, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.