TODD ROBERT DATHE is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 5201 S WESTERN AVENUE, SUITE 103, SIOUX FALLS, SD, 57108.
TODD ROBERT DATHE has worked at LPL FINANCIAL LLC since May 07, 2015
TODD ROBERT DATHE has 3 Disclosure Event(s).
Date: August 21, 2009 Category: Financial Type: Compromise Disposition: SETTLED
Date: February 27, 2009 Category: Customer Dispute Allegations: PLAINTIFF, A RESIDENT OF SOUTH DAKOTA, IS ALLEGING BREACH OF FIDUCIARY DUTY, CHURNING AND FRAUD AGAINST WACHOVIA SECURITIES AND FA'S FOR THE UNAUTHORIZED PURCHASE OF TAX-FREE INVESTMENTS, VARIABLE ANNUITIES AND LIFE INSURANCE POLICIES WHICH LED TO SIGNIFICANT LOSS IN ACCOUNT VALUE. PLAINTIFF SEEKS COMPENSATORY & PUNITIVE DAMAGES IN AN UNSPECIFIED AMOUNT. (08/23/2003 - 06/13/2005) Settlement Amount: $175,000.00 Broker Comment: TODD DATHE WAS PART OF A 5 MEMBER ADVISOR TEAM AT A FORMER FIRM WHERE EACH CLIENT WAS SERVICED BY A SPECIFIC FINANCIAL ADVISOR. TODD DATHE DID NOT WORK DIRECTLY WITH THIS PARTICULAR CLIENT NOR DID HE MAKE THE SPECIFIC RECOMMENDATIONS IN QUESTION TO THE CLIENT. WITHOUT ADMITTING ANY LIABILITY, THE FIRM SETTLED THIS MATTER FOR $175,000 TO AVOID THE EXPENSE AND UNCERTAINTY OF LITIGATION
Date: February 26, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGES UNSUITABLE INVESTMENTS. (04/28/2008 - 05/13/2008) Damage Amount Requested: $209,000.00 Broker Comment: FA WAS NOT THE PRIMARY ADVISOR FOR CLIENT. ORDERS IN QUESTION WERE SOLICITED BY ANOTHER ADVISOR IN THE OFFICE.
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