STEVEN GRANT HIGGINS is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 12303 AIRPORT WAY, SUITE 145, BROOMFIELD, CO, 80021.
STEVEN GRANT HIGGINS has worked at LPL FINANCIAL LLC since May 26, 2017
STEVEN GRANT HIGGINS has 2 Disclosure Event(s).
Date: December 07, 2016 Category: Customer Dispute Allegations: Client's attorney alleges that the financial advisor induced the client to pay $5,000.00 to a travel company to pay for the financial advisor's vacation. Damage Amount Requested: $5,000.00 Broker Comment: The complaint was in referring to the advisor's time at Edward Jones Investments in 2010. Raymond James Investments and Edward Jones Investments independently investigated the matter and both came to the conclusion that the complaint was baseless. Both firms denied the claim entirely.
Date: July 09, 2009 Category: Customer Dispute Allegations: 2/1/09-7-9-09; THE CLIENT ALLEGED THAT HE ADVISED THE FA TO SELL HIS GOLDMAN SACHS FUNDS, WHICH WERE NOT PERFORMING WELL, AND REINVEST THE PROCEEDS INTO A NO LOAD FUND. THE CLIENT ALLEGED THAT THE FA PROVIDED HIM WITH A LIST OF FOUR DIFFERENT NL FUNDS AND HE GAVE HIM INSTRUCTIONS TO PROCEED. THE FA COULD NOT COMPLETE THE ORDER AND THE CLIENT QUESTIONED HIM AS TO WHY THE ORDER WASN'T PLACED. THE FA STATED THAT HE WOULD PROVIDE THE CLIENT WITH A BOOKLET OF ALL OF THE NL FUNDS THAT ARE AVAILABLE FOR SALE. THE FA DID NOT PROVIDE THIS BOOK SINCE EDWARD JONES DOES NOT HAVE ANY BROKER DEALER AGREEMENTS WITH NL COMPANIES. Damage Amount Requested: $5,000.00 Broker Comment: THE FA ADVISED THAT THE CLIENT SIGNED AN LOI FOR ONE MILLION DOLLARS WITH THE GOLDMAN SACHS FUND GROUP. HE ALSO PURCHASED APPROXIMATELY $400,00.00 IN MUNICIPAL BONDS. WHEN THE MARKET DECLINED IN SEPT OF 2008, THE CLIENT BECAME CONCERNED WITH THE FUND FAMILY AND THE FACT THAT MORNINGSTAR HAD DROPPED SOME OF THE STARS ON THE FUNDS. THE CLIENT REQUESTED INFORMATION ON OTHER HIGH YIELD FUNDS AND THE FA FAXED HIM INFORMATION FROM LOAD AND NO LOAD FUNDS TO INCLUDE FIDELITY AND VANGUARD. THE CLIENT EVENTUALLY DECIDED THAT HE WANTED TO PURCHASE THE VANGUARD FUND AND THE FA ADVISED THAT HE HAD TO MAKE THIS PURCHASE THROUGH VANGUARD. THE CLIENT BECAME UPSET THAT HE COULD NOT MAKE THIS PURCHASE THROUGH EDWARD JONES. THE FA ADVISED THAT HE WAS NEVER GIVEN ANY INSTRUCTIONS ON THIS ACCOUNT. THE FA EVEN OFFERED TO ASSIST THE CLIENT WITH THE PURCHASES THROUGH VANGUARD AND THEN TRANSFER THEM BACK TO EDWARD JONES. THE CLIENT'S GOLDMAN SACHS FUNDS INCREASED IN VALUE DURING THE PAST FOUR MONTHS. WE WERE UNSURE HOW THE CLIENT ARRIVED AT THE POTENTIAL LOSSES THAT WERE LISTED IN THE CLIENT'S LETTER. THE CLIENT'S REQUEST FOR REIMBURSEMENT WAS DENIED.
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.
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