TIMOTHY P HUDSON

TIMOTHY P HUDSON is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 103 GRANDVIEW DR STE C, SUMMERVILLE, SC, 29483.

TIMOTHY P HUDSON has worked at LPL FINANCIAL LLC since December 07, 2009

Disclosure History

TIMOTHY P HUDSON has 1 Disclosure Event(s).

Date: October 23, 2008
Category: Customer Dispute
Allegations: 10/14/08-10/23/08; VERBAL COMPLAINT: CLIENT ALLEGES THE FA PROVIDED INCORRECT PORTFOLIO BALANCE WHEN SHE INQUIRED ABOUT PERFORMANCE. THE CLIENT DID NOT WANT THE BALANCE TO FALL BELOW AT CERTAIN LEVEL AND ALLEGES SHE WOULD HAVE MOVED HER INVESTMENT OUT OF THE MARKET IF SHE WERE PROVIDED THE CORRECT PORTFOLIO BALANCE.
Damage Amount Requested: $5,000.00
Settlement Amount: $64,000.00
Broker Comment: THE FA INCLUDED THE VALUE OF THE DEATH BENEFIT FEATURE OF THE ANNUITY WHEN COMMUNICATING PORTFOLIO BALANCE. DUE TO THE ERROR THE FIRM OFFERED TO SETTLE THE COMPLAINT FOR $64,000 WHICH REPRESENTS THE APPROXIMATE DIFFERENCE IN THE ACTUAL ACCOUNT BALANCE AND THE STATED VALUE BY THE FA. THE CLIENT ACCEPTED THE SETTLEMENT OFFER ON 1/14/09.

More Information

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