TODD DANIEL BROWN is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 309 N. MAIN STREET, CULPEPER, VA, 22701-3277.
TODD DANIEL BROWN has worked at LPL FINANCIAL LLC since January 03, 2006
Disclosure History
TODD DANIEL BROWN has 2 Disclosure Event(s).
Date: October 08, 2002 Category: Customer Dispute Allegations: THE CLIENT CLAIMS THAT AT HIS INITIAL MEETING WITH THE IR THEY AGREED THAT CUSTOMER'S INVESTMENT STRATEGY SHOULD BE CONSERVATIVE, AND FOCUSED ON PRESERVING CAPITAL AND GENERATING INCOME. THE CLIENT STATES THAT THE IR SHOWED HIM OTHER CUSTOMERS ACCOUNTS WHICH HAD DONE WELL AND ASSURED CUSTOMER THAT HIS INVESTMENT WOULD GROW OR DOUBLE. THE CLIENT IS NOW ASKING THAT HIS ACCOUNTS BE REVIEWED BY THE FIRM BECUASE IN HIS OPINION, BASED ON HIS AGES, INCOME AND INVESTMENT KNOWLEDGE, THESE INVESTMENTS WERE INAPPROPRIATE. AMOUNT MAY EXCEED $5,000. Damage Amount Requested: $5,000.00 Broker Comment: THIS ANNUITY WAS PURCHASED OVER EIGHTEEN MONTHS AGO, AND THE CLIENT NEVER EXPRESSED ANY DISSATISFACTION WITH THIS INVESTMENT. THE CLIENT SIGNED THE HARTFORD APPLICATION, WHEN THESE FUNDS WERE ROLLED OVER FROM HIS VERIZON COMPANY PLAN. THE APPLICATION INDICATED THE FUNDS SELECTED AND PERCENTAGES THAT HE WANTED TO INVEST INTO EACH SUB ACCOUNT. THE CLIENT RECEIVED THE CONTRACT AND THE PROSPECTUSES ASSOCIATED WITH THE ANNUITY AND THE FUNDS. THE IR STATED THAT HE NEVER OFFERED ANY GUARANTEES OR ASSURANCES ON THE PERFORMANCE OF THIS INVESTMENT. THE REQUEST FOR REIMBURSEMENT WAS DENIED.
Date: September 23, 2002 Category: Customer Dispute Allegations: THE CLIENT ALLEGED THAT THE $25,000 PROTECTIVE ANNUITY PURCHASED IN MAY, 2001, WAS MISREPRESENTED . THE CUSTOMER ALLEGED THAT IF HE WERE PRESENTED WITH THE AN ACCURATE PRESNTATION OF THIS INVESMENT, HE NEVER WOULD HAVE MADE THE PURCHASE. THE ANNUITY HAS DECLINED IN VALUE IN EXCESS OF $5,000. Damage Amount Requested: $5,000.00 Broker Comment: THE IR INDICATED THAT ALL OF THE FEATURES OF THIS ANNUITY WERE PROPERLY DISCLOSED, AND THAT HE NEVER INFERRED THAT THERE WAS ANY GUARANTEE THAT THE PRINCIPAL COULD/WOULD BE RETURNED IN TWO YEARS. THE IR PROVIDED A PROSPECTUS TO THE CLIENT AT THE TIME THE INVESTMENT WAS SOLD AND DELIVERED THE CONTRACT. A COPY OF THE SIGNED RECEIPT DATED 5/22/01 WAS SENT IN AND IS PART OF THE FILE. THE CLIENT'S REQUEST FOR REIMBURSEMENT WAS DENIED.
More Information
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