RONALD C CAMET

RONALD C CAMET is currently employed as a Broker and/or Investment Adviser at ALLSTATE FINANCIAL SERVICES, LLC located at 3525 N CAUSEWAY BLVD STE 617, METAIRIE, LA, 70002-3635.

RONALD C CAMET has worked at ALLSTATE FINANCIAL SERVICES, LLC since September 11, 2002

Disclosure History

RONALD C CAMET has 8 Disclosure Event(s).

Date: July 18, 2005
Category: Customer Dispute
Allegations: CUSTOMER VERBALLY COMPLAINS OF UNSUITABLE INVESTMENTS IN APRIL 2000 TO MAY 2002. DAMAGES UNSPECIFIED.
Settlement Amount: $65,000.00

Date: February 17, 2005
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES THAT MR CAMET RECOMMENDED UNSUITABLE AND RISKY TECHNOLOGY STOCKS
Damage Amount Requested: $130,401.33
Settlement Amount: $60,000.00

Date: July 15, 2004
Category: Customer Dispute
Allegations: CUSTOMER VERBALLY COMPLAINED THAT FINANCIAL ADVISOR (FA) INVESTED HER HUSBAND'S RETIREMENT FUNDS IN SPECULATIVE TECHNOLOGY STOCKS, SHE ALSO COMPLAINED THAT FA TRADED STOCKS WITHOUT OBTAINING CLIENST'S PRIOR APPROVAL
Damage Amount Requested: $94,000.00
Settlement Amount: $40,000.00
Broker Comment: PRIOR TO HIS DETH, [OTHER CUSTOMER NAMED]NEVER VOICED CONCERN ABOUT HIS ACCOUNT. AFTER HIS DEATH I ASKED CUSTOMER IF SHE WANTED TO MAINTAIN THE SAME TYPE OF ACCOUNT AND SHE SAID "YES". ALL TRADES WERE DISCUSSED WITH EITHER CUSTOMER OR CUSTOMER.

Date: January 26, 2004
Category: Customer Dispute
Allegations: ALLEGED ASSET MISALLOCATION IN RETIREMENT ACCOUNT. SEVERAL PORTFOLIOS AND THE ASSOCIATED RISK WITH EACH PORTFOLIO WERE DISCUSSED I THE INITIAL MEETINGS AS WELL AS BEING CONTAINED IN THE SEMINAR PRESENTATION. UBS/PAINEWEBBER MARKET STRATEGIST INFORMATION AND ANALYST RECOMMENDATIONS WERE FOLLOWED. MR [CUSTOMER] DISCUSSED AND SEVERAL METTINGS AND PHONE CONVERSATIONS WERE HELD OVER THE TWO YEAR PERIOD TO DISCUSS THE PROTFOLIO.
Damage Amount Requested: $100,000.00
Settlement Amount: $90,000.00

Date: January 24, 2004
Category: Customer Dispute
Allegations: UNAUTHORIZED TRADING; FAILURE TO FOLLOW INSTRUCTIONS; VERBAL SOMPLAINT RECEIVED 1/24/03, CUSTOMER HAD MANY UNSOLCITED TRADES DURING HIS 3 YEAR STAY
Damage Amount Requested: $240,000.00
Settlement Amount: $130,000.00

Date: January 16, 2004
Category: Customer Dispute
Allegations: FORMER CUSTOMER VIA WRITTEN LETTER THROUGHT ATTORNEY ALLEGES THAT INVESTMENTS WERE UNSUITABLE AND INCONSISTENT WITH RISK TOLERANCE
Damage Amount Requested: $69,167.62
Settlement Amount: $9,999.00
Broker Comment: [CUSTOMER] AND I DISCUSSED HIS PORTFOLIO IN DETAIL. HE NEVER HAD PROBLEMS WITH THE IRA. CUSTOMER ACQUIRED OWER OF ATTORNEY WHEN [CUSTOMER] BECAME SICK. WHEN SHE WANTED TO SELL SOME INVESTMENTS, THEY WERE SOLD.

Date: July 15, 2003
Category: Customer Dispute
Allegations: FORMER CUSTOMER ALLEGES THAT RONLAD CAMET INVESTE CUSTOMERS RETIREMENT FUNDS UNWISELY. ALTHOUGHT CUSTOMER MADE IT CLEAR TO MR CAMET THAT HE DID NOT WAT TO RISK HIS FUNDS.
Damage Amount Requested: $140,000.00
Broker Comment: ON 11/15/2003 THE COURT STAYED LITIGATION PENDING ARBITRATION. CASE GOING TO MEDIATION

Date: June 03, 2002
Category: Customer Dispute
Allegations: CLAIMANTS ALLEGE THAT THE INVESTMENTS MADE IN THEIR ACCOUNTS WERE NOT SUITABLE AND ASSERT VARIOUS COMMON LAW AND STATUTORY CAUSES OF ACTION. CLIENTS THAT MADE OWN DECISIONS AND STATE ON NEW ACCOUNT PAPERWORK THAT THEY WANTED TO BE EITHER MODERATELY AGGRESSIVE OR AGGRESSIVE COMPLAINED AFTER LOSING MONEY IN BOTH CASES, CLIENTS HELD INVESTMENTS IN AND ADDED TO THEMIN 2000.
Damage Amount Requested: $100,000.00
Settlement Amount: $132,500.00
Broker Comment: ALL SOLICITED TRADES WERE DISCUSSED AND APPROVED BY LARRY AND MADELINE BUSINELLE

More Information

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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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