ROBERT LEE LABONTE

ROBERT LEE LABONTE is currently employed as a Broker and/or Investment Adviser at CAPITAL FINANCIAL SERVICES, INC. located at 1821 Burdick Expressway W, Minot, ND, 58701.

ROBERT LEE LABONTE has worked at CAPITAL FINANCIAL SERVICES, INC. since April 16, 2002

Disclosure History

ROBERT LEE LABONTE has 8 Disclosure Event(s).

Date: November 09, 2015
Category: Customer Dispute
Allegations: Lawsuit against entities and individuals involved with DBSI investments.
Damage Amount Requested: $2,160,495.18
Settlement Amount: $200,000.00
Broker Comment: This needed to be corrected as this individual is a named respondent.

Date: April 28, 2015
Category: Financial
Type: Compromise
Disposition: Satisfied/Released

Date: February 05, 2010
Category: Customer Dispute
Allegations: CUSTOMERS ALLEGE UNSUITABLE INVESTMENTS.
Damage Amount Requested: $1,547,548.00
Settlement Amount: $22,220.00 10-00196

Date: September 22, 2009
Category: Customer Dispute
Allegations: CLIENT ALLEGES POTENTIAL LOSSES.
Damage Amount Requested: $200,000.00
Settlement Amount: $3,625.19

Date: September 22, 2009
Category: Customer Dispute
Allegations: CLIENT ALLEGES MISREPRESENTATION.
Damage Amount Requested: $25,000.00
Settlement Amount: $3,625.19

Date: September 22, 2009
Category: Customer Dispute
Allegations: CLIENT ALLEGES FAILURE TO DISCLOSE MATERIAL INFORMATION.
Damage Amount Requested: $200,000.00
Settlement Amount: $22,220.00 10-00196

Date: September 22, 2009
Category: Customer Dispute
Allegations: CLIENT ALLEGES FAILURE TO DISCLOSE MATERIAL INFORMATION.
Damage Amount Requested: $200,000.00

Date: September 22, 2009
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES UNSUITABLE INVESTMENTS.
Damage Amount Requested: $1,500,000.00
Settlement Amount: $75,000.00 10-01066

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.

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