RONALD FAIR PAULL is currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH, INC. located at 1 Highlands Blvd., Ste 203, Archbald, PA, 18403.
RONALD FAIR PAULL has worked at CAMBRIDGE INVESTMENT RESEARCH, INC. since September 10, 2015
RONALD FAIR PAULL has 9 Disclosure Event(s).
Date: January 31, 2018 Category: Regulatory Initiated By: New York State Department of Financial Services Allegations: Allegations that RR provided materially incorrect and untrue information within the meaning of Section 2110(a)(2) of the Insurance Law on his original application for a life broker's license submitted in 2011. Also allege that RR failed to disclose that he was named in an administrative proceeding by FINRA in 2009. Resolution: Stipulation and Consent SanctionDetails: Sanctions: Civil and Administrative Penalty(ies)/Fine(s) SanctionDetails: Amount: $750.00
Date: December 08, 2016 Category: Regulatory
Date: December 15, 2015 Category: Financial Type: Compromise Disposition: Satisfied/Released
Date: August 06, 2015 Category: Employment Separation After Allegations Firm Name: LPL FINANCIAL LLC Termination Type: Discharged Allegations: DISCRETIONARY TRADING IN VARIABLE ANNUITY SUBACCOUNTS, IN VIOLATION OF FIRM POLICY. Broker Comment: THIS WAS A SELF REPORTED EVENT I WAS UNAWARE I WAS IN VIOLATION OF FIRM POLICY AS I HAD OBTAINED PERMISSION FROM EACH CLIENT AND NO ADDITIONAL FEES WERE CHARGED
Date: November 05, 2014 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT THE ADVISOR FAILED TO DISCLOSE THE SURRENDER CHARGES FOR A VARIABLE ANNUITY. Damage Amount Requested: $6,982.96 Broker Comment: THE COMPLAINT WAS DETERMINED TO BE WITHOUT MERIT AND WAS DENIED.
Date: September 23, 2014 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT THE INVESTMENTS WITHIN A THIRD PARTY MANAGED ACCOUNT WERE UNSUITABLE AND RESULTED IN POOR PERFORMANCE. Damage Amount Requested: $37,020.00
Date: May 08, 2014 Category: Customer Dispute Allegations: CUSTOMER ALLEGES UNSUITABILITY AND MISREPRESENTATION OF INVESTMENT AS WELL AS POOR PERFORMANCE. Damage Amount Requested: $29,222.53
Date: April 23, 2013 Category: Customer Dispute Allegations: CLAIMANT ALLEGES REPRESENTATIVE MISREPRESENTED AN ANNUITY PRODUCT AND THAT THE ANNUITY PRODUCT WAS UNSUITABLE. Broker Comment: EACH OF THE ALLEGATIONS MADE BY CLAIMANT IS INCORRECT AND BASED UPON ERRONEOUS ASSUMPTION AND FACTUAL ERRORS. THE ANNUITY AND ITS RIDERS WERE ALL REPRESETED IN THE CONTRACT AND DELIVERY RECIEPT WAS SIGNED BY THE CLAIMANT TWENTY-ONE DAYS PRIOR TO THE END OF THE FREE-LOOK PERIOD. THE REPRESENTATION REFERRED TO IN THE COMPLAINT RELATING TO RATE OF RETURN PERTAINS TO THE RETURNS THE CLAIMANT WAS EARNING FROM REIT INVESTMENTS OWNED BY THE CLAIMANT, NOT TO THE ANNUITY AS SHE ALLEGES. THE ANNUITY FITS HER OBJECTIVES EXACTLY IN THAT IT WILL MEET HER PRIMARY OBJECTIVE OF A GUARANTEED DEATH BENEFIT FOR HER SPECIAL NEEDS SON UPON HER DEATH, AND CONTINUES TO MEET HER SECONDARY OBJECTIVE OF REGULAR INCOME. ALL COSTS AND THE SURRENDER PERIOD OF THE ANNUITY WERE FULLY-DISCLOSED TO THE CLAIMANT AS WELL AS TO CERTAIN OF HER FAMILY MEMBERS. THE CLAIMANT RECEIVED A PROSPECTUS AND ACKNOWLEDGED IN WRITING THAT SHE UNDERSTOOD THE COSTS, INCLUDING SURRENDER CHARGES ASSOCIATED WITH THE ANNUITY. AGAIN, THE COMPLAINT IS BASED UPON WRONG ASSUMPTIONS AND FACTUAL ERRORS AND THE CLAIMANT CONTINUES TO BENEFIT FROM HER INVESTMENT. IT WOULD BE UNSUITABLE FOR THE CLAIMANT TO NOW SURRENDER HER ANNUITY AND LOOSE THE SIGNIFICANT DEATH AND INCOME BENEFITS THE POLICY PROVIDES.
Date: April 01, 2009 Category: Customer Dispute Allegations: CLAIMANT ALLEGES REPRESENTATIVE DID NOT FOLLOW INSTRUCTIONS REGARDING A WITHDRAWAL REQUEST FROM A VARIABLE ANNUITY. Damage Amount Requested: $20,113.00 Damages Granted: $10,000.00 09-04981
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