ROLAND ALLEN FANNIN is currently employed as a Broker and/or Investment Adviser at EDWARD JONES located at 210 5TH ST S E, WATERTOWN, SD, 57201.
ROLAND ALLEN FANNIN has worked at EDWARD JONES since August 29, 1996
Disclosure History
ROLAND ALLEN FANNIN has 1 Disclosure Event(s).
Date: April 14, 2003 Category: Customer Dispute Allegations: STATE OF SOUTH DAKOTA SECURITIES DIVISION RELAYED IN WRITING TO FIRM A VERBAL COMPLAINT RECEIVED FROM CLIENT. CLIENT STATED TO THE REGULATOR THAT SHE PURCHASED A VAN KAMPEN UIT IN JANUARY 2002. CLIENT CLAIMED THAT IN JULY 2002, SHE WANTED TO SELL THE UIT AND THAT THE IR TOLD HER THERE WOULD BE A $200 LOSS. CLIENT CLAIMED AFTER SELLING THE INVESTMENT, SHE FOUND OUT THAT THERE WAS ACTUALLY A $9,000 LOSS. CLIENT STATES THAT WHEN SHE CONTACTED THE IR, THE IR ADMITTED THE MISTAKE AND OFFERED TO PAY HER THE $9,000, BUT THEN RENEGED ON THE OFFER. Damage Amount Requested: $9,000.00 Broker Comment: IR STATED THAT HE DID NOT RECALL TELLING CLIENT THAT THERE WOULD BE A $200 LOSS ASSOCIATED WITH THE SALE. IR FURTHER STATED THAT THE CLIENT DID NOT CONTACT IR UNTIL APPROXIMATELY EIGHT MONTHS AFTER THE SALE TO INFORM IR OF CLIENT'S CONCERNS ABOUT THE LOSS. AT THAT TIME, IR STATED THAT HE TOLD THE CLIENT THAT THE FIRM COULD BUY THE INVESTMENT BACK AND EXPLAINED THAT THE CLIENT COULD HAVE BOUGHT IT BACK FOR LESS THAN CLIENT HAD SOLD IT FOR. IR STATED THAT CLIENT REFUSED THIS OFFER. CLIENT WOULD HAVE RECEIVED A CONFIRMATION DETAILING THE TRADE AND THE LOSS WOULD HAVE BEEN REFLECTED ON THE CUSTOMER'S JULY 2002 STATEMENT. CLAIM DENIED.
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