WILLIAM EATON HAYNES is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 233 D OIL WELL ROAD, JACKSON, TN, 38305.
WILLIAM EATON HAYNES has worked at LPL FINANCIAL LLC since April 05, 2002
WILLIAM EATON HAYNES has 2 Disclosure Event(s).
Date: July 08, 2002 Category: Customer Dispute Allegations: CUSTOMER ALLEGES SECURITIES SOLD WITHOUT AUTHORIZATION IN MARCH 2000 AND UNSUITABLE INVESTMENTS. DAMAGES UNSPECIFIED, BUT BELIEVED TO BE GREATER THAN $5000.
Date: March 16, 2001 Category: Customer Dispute Allegations: THE CLIENT STATES SHE INITIALLY DISCUSSED WITH HAYNES THAT SHE DID NOT WANT TO RISK LOSING ANY MONEY AND WANTED TO INVEST IN A LOW RISK MUTUAL FUND. THE CLIENT STATES HAYNES INFORMED HER HE WOULD DIVERSIFY HER MONEY. THE CLIENT PURCHASED $14,000 OF IHSVQ IN MARCH AND APRIL 1999 AND SOLD IT FOR A $2,000 GAIN IN JUNE 1999. IN JULY 1999 THE CLIENT PURCHASED $18,000 OF IHSVQ. THE CLIENT IS UNHAPPY WITH THE PERFORMANCE OF THE STOCK AND QUESTIONS HAYNES'S REPEATED RECOMMENDATION TO NOT LIQUIDATE HER POSITION AS IT CONTINUED TO DECLINE. NO SPECIFIC DAMAGES ALLEGED. Broker Comment: CUSTOMER'S ACCOUNT WITH OUR FIRM WAS OPENED IN SEPTEMBER 1998. SHORTLY AFTER THE ACCOUNT WAS OPENED STOCK TRADES WERE ENTERED IN THE ACOUNT AND THE CUSTOMER WOULD HAVE RECEIVED CONFIRMATIONS FOR THOSE TRADES AND INFORMATION CONCERNING THE TRADES WAS INCLUDED ON THE MONTHLY STATEMENTS THE CUSTOMER RECEIVED. IN MARCH AND APRIL OF 1999 ORDERS WERE ENTERED TO PURCHASE $14,292.46 OF IHSVQ STOCK IN THE CUSTOMER'S ACCOUNT. THE STOCK WAS SOLD IN JUNE OF 1999 AND THE CUSTOMER REALIZED APPROXIMATELY A $2000.00 GAIN. IN JULY OF 1999 $18,140.76 OF IHSVQ WAS PURCHASED IN THE CUSTOMER'S ACCOUNT. THE CUSTOMER AGAIN WOULD HAVE RECEIVED A CONFIRMATION FOR THE TRADE WHICH ALSO WOULD HAVE BEEN DESCRIBED ON HER MONTHLY STATEMENT. MR. HAYNES TERMINATED HIS EMPLOYMENT WITH OUR FIRM IN MAY OF 2000 AND THE CUSTOMER SHORTLY THEREAFTER TRANSFERRED HER ACCOUNT TO HIS NEW FIRM. MR. HAYNES DID NOT PROVIDE A STATEMENT TO OUR FIRM IN RESPONSE TO THE COMPLAINT. THE CUSTOMER DID NOT COMPLAIN TO OUR FIRM ABOUT THE JULY 1999 PURCHASE UNTIL MARCH OF 2001. SHE ALSO HAD TRANSFERRED HER ACCOUNT TO MR. HAYNES' NEW FIRM APPROXIMATELY ONE YEAR AFTER THE ORDER IN QUESTION WAS ENTERED IN HER ACCOUNT. THE INFORMATION AVAILABLE INDICATES THE CUSTOMER AGREED WITH AND ACCEPTED THE TRADE SHE IS NOW QUESTIONING WHEN THE TRADE WAS ENTERED INTO HER ACCOUNT. CLAIM DENIED. WILLIAM HAYNES DENIES THE ALLEGATIONS IN THE COMPLAINT IN ITS ENTIRETY AND HAS FILED A FULL RESPONSE WITH THE NASD.
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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