ROBERT RANDOLPH LOTT is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 3535 GRANDVIEW PARKWAY STE 400, BIRMINGHAM, AL, 35243.
ROBERT RANDOLPH LOTT has worked at LPL FINANCIAL LLC since February 14, 2018
Disclosure History
ROBERT RANDOLPH LOTT has 2 Disclosure Event(s).
Date: September 02, 2003 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE THAT RESPONDENTS FAILED TO DISCLOSE RISKS, MADE UNSUITABLE INVESTMENT RECOMMENDATIONS BY FAILING TO TAKE INTO ACCOUNT THE CLAIMANTS AGES, THEIR CIRCUMSTANCES OR THEIR INVESTMENT OBJECTIVES, FILED TO DISCLOSE SIGNIFICANT AND UNNECESSARY TAX CONSEQUENCES OF THE RECOMMENDED STRATEGY THUS DEPRIVING THE CLAIMANTS THE OPPORTUNITY TO MAKE AN INFORMED DECISION ABOUT THEIR INVESTMENT IN A CAPITAL VISIONS INVESTMENT ACCOUNT. DAMAGES ARE UNSPECIFIED. Settlement Amount: $125,000.00 Broker Comment: THE MATTER WAS SETTLED FOR $125,000. MY E&O CARRIER PAID $35,000 ON MY BEHALF.
Date: June 26, 2003 Category: Customer Dispute Allegations: CLIENT ALLEGES THE AGENT MADE MISREPRESENTATIONS DURING THE SALE OF A 2003 ISSUE VARAIBLE ANNUITY CONTRACT. CLIENT REQUESTED THE REIMBURSEMENT OF HIS $60,000 CONTRIBUTION. Damage Amount Requested: $60,000.00 Settlement Amount: $2,636.02 Broker Comment: EQUITABLE LIFE AGREED TO WAIVE THE SURRENDER FEE.
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