HOWARD ALAN SLATER - clevelandmedia.cleveland.com/business_impact/other/Slater.pdf · 2016. 11. 7. · 02/1994 - 07/2005 LINCOLN FINANCIAL ADVISORS CORPORATION 3978 FORT WAYNE, IN

BrokerCheck Report

HOWARD ALAN SLATER

Report #85949-85534, data current as of Thursday, April 11, 2013.

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 2447823

1

2 - 3

4 - 5

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Page(s)

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BrokerCheck offers information on all current-and many former-FINRA-registered securities brokers, and all current andformer FINRA-registered securities firms. FINRA strongly encourages investors to use BrokerCheck to check thebackground of securities brokers and brokerage firms before deciding to conduct, or continue to conduct, business withthem.

·· What is included in a BrokerCheck report?BrokerCheck reports for individual brokers include information such as employment history, professionalqualifications, disciplinary actions, criminal convictions, civil judgments and arbitration awards. BrokerCheckreports for brokerage firms include information on a firm’s profile, history, and operations, as well as many of thesame disclosure events mentioned above.Please note that the information contained in a BrokerCheck report may include pending actions or allegationsthat may be contested, unresolved or unproven. In the end, these actions or allegations may be resolved in favorof the broker or brokerage firm, or concluded through a negotiated settlement with no admission or finding ofwrongdoing.

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o information FINRA and/or the Securities and Exchange Commission (SEC) require brokers andbrokerage firms to submit as part of the registration and licensing process, and

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HOWARD A. SLATER

CRD# 2447823

This broker is not currently registered with FINRA.

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

Disclosure events are certain criminal matters;regulatory actions; civil judicial proceedings; customercomplaints, arbitrations, or civil litigations;employment terminations; and financial matters inwhich the broker has been involved.

Are there events disclosed about this broker? Yes

The following types of disclosures werereported:

Regulatory Event

Customer Dispute

Investment Adviser RepresentativeInformation

http://www.adviserinfo.sec.gov

This individual previously was registered as aninvestment adviser representative and a broker.For more information about this individual’s recordas an investment adviser representative, visitSEC's Investment Adviser Public Disclosurewebsite at:


This broker is not currently registered withFINRA.

This broker has passed:

2 Principal/Supervisory Exams

2 General Industry/Product Exams

1 State Securities Law Exam

Registration History

This broker was previously registered with FINRA atthe following brokerage firms:

SECURITIES AMERICA, INC.CRD# 10205MAYFIELD HEIGHTS, OH07/2005 - 02/2013

LINCOLN FINANCIAL ADVISORSCORPORATIONCRD# 3978FORT WAYNE, IN02/1994 - 07/2005

THE LINCOLN NATIONAL LIFE INSURANCECOMPANYCRD# 2580FORT WAYNE, IN02/1994 - 07/2005

www.finra.org/brokercheck User Guidance

1©2013 FINRA. All rights reserved. Report# 85949-85534 about HOWARD A. SLATER. Data current as of Thursday, April 11, 2013.


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Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currentlyregistered and licensed with, the category of each registration, and the date on which the registration became effective.This section also provides, for every brokerage firm with which the broker is currently employed, the address of eachbranch where the broker works.

This broker is not currently registered with FINRA.







Industry Exams this Broker has Passed

This individual has passed 2 principal/supervisory exams, 2 general industry/product exams, and 1 statesecurities law exam.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a brokermay attain a registration after receiving an exam waiver based on exams the broker has passed and/or qualifying workexperience. Any exam waivers that the broker has received are not included below.

Exam Category Date

Principal/Supervisory Exams

General Securities Sales Supervisor - Options Module Examination 09/08/2006Series 9

General Securities Sales Supervisor - General Module Examination 11/13/2006Series 10

Exam Category Date

General Industry/Product Exams

General Securities Representative Examination 01/31/1994Series 7

Futures Managed Funds Examination 05/20/2009Series 31

Exam Category Date

State Securities Law Exams

Uniform Securities Agent State Law Examination 02/11/1994Series 63

Additional information about the above exams or other exams FINRA administers to brokers and other securitiesprofessionals can be found at www.finra.org/brokerqualifications/registeredrep/.







Registration History

Registration Dates Firm Name CRD# Branch Location

This broker previously was registered with FINRA at the following firms:

07/2005 - 02/2013 SECURITIES AMERICA, INC. 10205 MAYFIELD HEIGHTS, OH

02/1994 - 07/2005 LINCOLN FINANCIAL ADVISORSCORPORATION

3978 FORT WAYNE, IN

02/1994 - 07/2005 THE LINCOLN NATIONAL LIFE INSURANCECOMPANY

2580 FORT WAYNE, IN

Employment History

Employment Dates Employer Name Employer Location

Below is the broker's employment history for up to the last 10 years.

Please note that the broker is required to provide this information only while registered with FINRA and theinformation is not updated after the broker ceases to be registered. Therefore, an employment end date of"Present" may not reflect the broker's current employment status.

04/2007 - Present PLAN FOR A BETTER LIFE, INC. SOLON, OH

07/2006 - Present CEDAR BROOK FINANCIAL PARTNERS, LLC CLEVELAND, OH

07/2005 - Present SECURITIES AMERICA ADVISORS INC. MAYFIELD HEIGHTS, OH

06/2005 - Present SECURITIES AMERICA, INC. CLEVELAND, OH

05/2004 - Present PLAN FOR A BETTER LIFE, INC. SOLON, OH

01/2000 - Present HOWARD SLATER - FINRA ARBITRATOR (FORMALLY NASD)CLEVELAND, OH

04/1994 - Present CHABAD OF SOLON SOLON, OH

01/1994 - 07/2005 LINCOLN FINANCIAL ADVISORS CORPORATION CLEVELAND, OH

01/1994 - 07/2005 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY CLEVELAND, OH

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker iscurrently engaged in either as a proprietor, partner, officer, director, employee, trustee, agent or otherwise. This sectiondoes not include non-investment related activity that is exclusively charitable, civic, religious or fraternal and isrecognized as tax exempt.

INSURANCE BROKER WITH VARIOUS CARRIERS.

CEDARBROOK FINANCIAL PARTNERS LLC; PRINCIPAL AND INSURANCE SALES; CLEVELAND, OH; BEGINNINGJULY 2005.- 30% TIME SPENT

FUCHS MIZRACHI SCHOOL NON-PROFIT BOARD MEMBER BOARD MEMBER 5 % TIME SPENT

PLAN FOR A BETTER LIFE S CORPORATION STRICTLY FOR TAX BENEFITS CEO 2 % TIME SPENT

FINRA ARBITRATOR-NY10% TIME SPENT

SECURITIES AMERICA ADVISORS, INC. - INVESTMENT ADVISOR REPRESENTATIVE







Other Business Activities, continuedCEDARBROOK FINANCIAL PARTNERS LLC; PRINCIPAL AND INSURANCE SALES; CLEVELAND, OH; BEGINNINGJULY 2005.- 30% TIME SPENT

FUCHS MIZRACHI SCHOOL NON-PROFIT BOARD MEMBER BOARD MEMBER 5 % TIME SPENT

PLAN FOR A BETTER LIFE S CORPORATION STRICTLY FOR TAX BENEFITS CEO 2 % TIME SPENT

FINRA ARBITRATOR-NY10% TIME SPENT

SECURITIES AMERICA ADVISORS, INC. - INVESTMENT ADVISOR REPRESENTATIVE






Disclosure Events

What you should know about reported disclosure events:

1. Disclosure events are certain criminal matters; regulatory actions; civil judicial proceedings; customercomplaints, arbitrations, or civil litigations; employment terminations; and financial matters in which the brokerhas been involved.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to report a particular

criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules

or conduct governing the industry and that the activity resulted in damages of at least $5,000.

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers,

brokerage firms and regulators. When more than one of these sources reports information for the samedisclosure event, all versions of the event will appear in the BrokerCheck report. The different versionswill be separated by a solid line with the reporting source labeled.

4. There are different statuses and dispositions for disclosure events: o A disclosure event may have a status of pending, on appeal, or final.

§ A "pending" disclosure event involves allegations that have not been proven or formallyadjudicated.

§ A disclosure event that is "on appeal" involves allegations that have been adjudicated but arecurrently being appealed.

§ A "final" disclosure event has been concluded and its resolution is not subject to change. o A final disclosure event generally has a disposition of adjudicated, settled or otherwise resolved.

§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or(2) an administrative panel in an action brought by a regulator that is contested by the partycharged with some alleged wrongdoing.

§ A "settled" matter generally represents a disposition wherein the parties involved in a disputereach an agreement to resolve the matter. Please note that brokers and brokerage firms maychoose to settle customer disputes or regulatory matters for business or other reasons.

§ A "resolved" matter usually includes a disposition wherein no payment is made to the customeror there is no finding of wrongdoing on the part of the individual broker. Such matters generallyinvolve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker.Further information regarding these disclosure events can be found in the subsequent pages of this report. Youalso may wish to contact the broker to obtain further information regarding the disclosure events.






Final On AppealPending

Regulatory Event 0 1 0

Customer Dispute 5 11 N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegationsthat are contested and have not been resolved or proven. The disclosure event may, in the end, be withdrawn,dismissed, resolved in favor of the broker, or concluded through a negotiated settlement for certain business reasons(e.g., to maintain customer relationships or to limit the litigation costs associated with disputing the allegations) with noadmission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fieldscontained in the report may be blank if the information was not provided to CRD.

Regulatory - Final

This type of disclosure event may involves (1) a final, formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulatory such as the Securities and Exchange Commission,foreign financial regulatory body) for a violation of investment-related rules or regulations; or (2) a revocation orsuspension of a broker's authority to act as an attorney, accountant, or federal contractor.

Disclosure 1 of 1

Reporting Source: Regulator

Regulatory Action InitiatedBy:

FINRA

Sanction(s) Sought: Other: N/A

Date Initiated: 01/03/2013

Docket/Case Number: 2010022518102

Employing firm when activityoccurred which led to theregulatory action:

SECURITIES AMERICA, INC.

Product Type: No Product

Allegations: NASD RULES 2110, 2210(D)(1)(A), 2210(D)(1)(B), 2211(D)(1), 3110(A): SLATERSENT EMAILS TO TWO CUSTOMERS OF HIS MEMBER FIRM INCONNECTION WITH THEIR PURCHASES OF UNITS IN A FUND THATCONTAINED MATERIAL MISREPRESENTATIONS REGARDING THE FUND'SLIQUIDITY. THE STATEMENTS SLATER MADE WERE IN DIRECTCONTRADICTION TO THE DISCLOSURES IN THE PRIVATE PLACEMENTMEMORANDUM (PPM) ABOUT THE ILLIQUIDITY OF THE FUND AND THESIGNIFICANT LIMITATIONS ON REDEMPTIONS. SLATER'SREPRESENTATIONS TO THE CUSTOMERS REGARDING THE LIQUIDITY OFTHE FUND WERE FALSE AND MISLEADING. SLATER SENT AN EMAIL TO AFIRM CUSTOMER WHO DID NOT PURCHASE UNITS IN THE FUND. THISEMAIL MADE MISLEADING AND UNWARRANTED STATEMENTS REGARDINGTHE SAFETY OF AN INVESTMENT IN THE FUND. THE STATEMENTS BYSLATER EXAGGERATE THE SAFETY OF THE FUND IN LIGHT OF THE RISKSPRESENTED BY THE FUND. SLATER'S REPRESENTATION TO THECUSTOMER REGARDING THE SAFETY OF THE FUND WAS THEREFOREMISLEADING. MOREOVER, NONE OF THE EMAILS PROVIDED A BALANCEDDISCUSSION OF THE FUND AND INSTEAD ADDRESSED ONLY POSITIVEATTRIBUTES OF THE INVESTMENT. THE EMAILS OMITTED ANYDISCUSSION OF THE RISKS ASSOCIATED WITH AN INVESTMENT IN THEFUND. SLATER CAUSED A FIRM CUSTOMER'S ACCOUNT RECORDS TOREFLECT FALSE ANNUAL INCOME AND NET WORTH INFORMATION,CAUSING THE BUSINESS RECORDS MAINTAINED BY THE FIRM TO BEINACCURATE. THE FIRM CUSTOMER WAS IN THE PROCESS OF INVESTING$80,000 IN THE FUND THROUGH SLATER. AFTER PREPARING THEPAPERWORK FOR THE PURCHASE, SLATER'S ASSISTANT INFORMED HIMTHAT THE PROPOSED $80,000 INVESTMENT IN THE FUND WOULDINCREASE THE PERCENTAGE OF THE CUSTOMER'S NET WORTHINVESTED IN ALTERNATIVE INVESTMENTS TO MORE THAN 20 PERCENT,WHICH WOULD EXCEED FIRM GUIDELINES. IN RESPONSE, SLATERINSTRUCTED HIS ASSISTANT TO INCREASE THE CUSTOMER'S NETWORTH TO $1.9 MILLION AND THEN TO $2.2 MILLION, BRINGING THEPERCENTAGE OF THE CUSTOMER'S NET WORTH INVESTED INALTERNATIVE INVESTMENTS (WITH THE $80,000 PURCHASE) WITHIN THEFIRM'S GUIDELINE. SLATER ALSO ASKED HIS ASSISTANT TO CHANGE THECUSTOMER'S ANNUAL INCOME FROM $30,000 TO $65,000. SLATER DID NOTHAVE A REASONABLE BASIS FOR REQUESTING THE INCREASES IN THECUSTOMER'S NET WORTH OR FOR REQUESTING THAT HER ANNUALINCOME BE INCREASED. IN FACT, THE CUSTOMER'S NET WORTH WASLESS THAN $1.9 MILLION AND HER ANNUAL INCOME WAS NOT $65,000. BYINSTRUCTING HIS ASSISTANT TO RECORD FALSE NET WORTH ANDANNUAL INCOME INFORMATION ON THE CUSTOMER'S ACCOUNTRECORDS AT THE FIRM, SLATER CAUSED THE FIRM'S BOOKS ANDRECORDS TO BE INACCURATE.





http://disciplinaryactions.finra.org/CaseAuthentication.aspx?CaseNB=2010022518102


EMAIL MADE MISLEADING AND UNWARRANTED STATEMENTS REGARDINGTHE SAFETY OF AN INVESTMENT IN THE FUND. THE STATEMENTS BYSLATER EXAGGERATE THE SAFETY OF THE FUND IN LIGHT OF THE RISKSPRESENTED BY THE FUND. SLATER'S REPRESENTATION TO THECUSTOMER REGARDING THE SAFETY OF THE FUND WAS THEREFOREMISLEADING. MOREOVER, NONE OF THE EMAILS PROVIDED A BALANCEDDISCUSSION OF THE FUND AND INSTEAD ADDRESSED ONLY POSITIVEATTRIBUTES OF THE INVESTMENT. THE EMAILS OMITTED ANYDISCUSSION OF THE RISKS ASSOCIATED WITH AN INVESTMENT IN THEFUND. SLATER CAUSED A FIRM CUSTOMER'S ACCOUNT RECORDS TOREFLECT FALSE ANNUAL INCOME AND NET WORTH INFORMATION,CAUSING THE BUSINESS RECORDS MAINTAINED BY THE FIRM TO BEINACCURATE. THE FIRM CUSTOMER WAS IN THE PROCESS OF INVESTING$80,000 IN THE FUND THROUGH SLATER. AFTER PREPARING THEPAPERWORK FOR THE PURCHASE, SLATER'S ASSISTANT INFORMED HIMTHAT THE PROPOSED $80,000 INVESTMENT IN THE FUND WOULDINCREASE THE PERCENTAGE OF THE CUSTOMER'S NET WORTHINVESTED IN ALTERNATIVE INVESTMENTS TO MORE THAN 20 PERCENT,WHICH WOULD EXCEED FIRM GUIDELINES. IN RESPONSE, SLATERINSTRUCTED HIS ASSISTANT TO INCREASE THE CUSTOMER'S NETWORTH TO $1.9 MILLION AND THEN TO $2.2 MILLION, BRINGING THEPERCENTAGE OF THE CUSTOMER'S NET WORTH INVESTED INALTERNATIVE INVESTMENTS (WITH THE $80,000 PURCHASE) WITHIN THEFIRM'S GUIDELINE. SLATER ALSO ASKED HIS ASSISTANT TO CHANGE THECUSTOMER'S ANNUAL INCOME FROM $30,000 TO $65,000. SLATER DID NOTHAVE A REASONABLE BASIS FOR REQUESTING THE INCREASES IN THECUSTOMER'S NET WORTH OR FOR REQUESTING THAT HER ANNUALINCOME BE INCREASED. IN FACT, THE CUSTOMER'S NET WORTH WASLESS THAN $1.9 MILLION AND HER ANNUAL INCOME WAS NOT $65,000. BYINSTRUCTING HIS ASSISTANT TO RECORD FALSE NET WORTH ANDANNUAL INCOME INFORMATION ON THE CUSTOMER'S ACCOUNTRECORDS AT THE FIRM, SLATER CAUSED THE FIRM'S BOOKS ANDRECORDS TO BE INACCURATE.

Current Status: Final

Resolution: Acceptance, Waiver & Consent(AWC)

Resolution Date: 01/03/2013

Sanctions Ordered:

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?

No






Sanctions Ordered: Civil and Administrative Penalty(ies)/Fine(s)Suspension

If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?

No

(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision ofsuch Act, rule or regulation?

(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or

(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?






Summary: WITHOUT ADMITTING OR DENYING THE FINDINGS, SLATER CONSENTEDTO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS;THEREFORE HE IS FINED $30,000 AND SUSPENDED FROM ASSOCIATIONWITH ANY FINRA MEMBER IN ANY CAPACITY FOR FIVE MONTHS. THESUSPENSION IS IN EFFECT FEBRUARY 4, 2013 THROUGH JULY 3, 2013.FINE PAID IN FULL ON 1/8/2013.

(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?

Capacities Affected: ANY CAPACITY

Duration: FIVE MONTHS

Start Date: 02/04/2013

End Date: 07/03/2013

Sanction 1 of 1

Sanction Type: Suspension

Monetary Related Sanction: Civil and Administrative Penalty(ies)/Fine(s)

Total Amount: $30,000.00

Portion Levied againstindividual:

$30,000.00

Date Paid by individual: 01/08/2013

Was any portion of penaltywaived?

No

Amount Waived:

Monetary Sanction 1 of 1

Payment Plan:

Is Payment Plan Current:






Summary:TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS;THEREFORE HE IS FINED $30,000 AND SUSPENDED FROM ASSOCIATIONWITH ANY FINRA MEMBER IN ANY CAPACITY FOR FIVE MONTHS. THESUSPENSION IS IN EFFECT FEBRUARY 4, 2013 THROUGH JULY 3, 2013.FINE PAID IN FULL ON 1/8/2013.

iReporting Source: Broker

Regulatory Action InitiatedBy:

FINRA

Sanction(s) Sought: Civil and Administrative Penalty(ies)/Fine(s)Suspension

Date Initiated: 01/03/2013

Docket/Case Number: 2010022518102

Employing firm when activityoccurred which led to theregulatory action:


Product Type: Direct Investment-DPP & LP Interests

Allegations: IN FEBRUARY 2008 AND AUGUST 2008, THE REPRESENTATIVE SENTEMAILS TO TWO CUSTOMERS IN CONNECTION WITH THEIR PURCHASESOF IMH SECURED LOAN FUND, LLC ("IMH FUND"). IN ADDITION, IN MARCH2008, THE REPRESENTATIVE SENT AN EMAIL TO A CUSTOMER WHO DIDNOT PURCHASE UNITS OF THE IMH FUND. FINRA ALLEGED THAT THEEMAILS CONTAINED MISREPRESENTATIONS REGARDING THE FEATURESOF THE IMH FUND; IN VIOLATION OF NASD RULES 2110, 2210, AND 2211.FINRA ALSO ALLEGED THAT THE REPRESENTATIVE CAUSED ACUSTOMER'S ACCOUNT RECORDS TO REFLECT INACCURATE ANNUALINCOME AND NET WORTH INFORMATION, CAUSING INACCURATE BOOKSAND RECORDS; IN VIOLATION OF NASD RULES 3110 AND 2110.

Current Status: Final

Resolution: Acceptance, Waiver & Consent(AWC)

Resolution Date: 01/03/2013

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?

No





http://disciplinaryactions.finra.org/CaseAuthentication.aspx?CaseNB=2010022518102


Resolution Date:

Sanctions Ordered:

Summary: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE REPRESENTATIVECONSENTED TO THE SANCTIONS OF A $30,000 FINE AND 5 MONTHSUSPENSION. THE SUSPENSION IS IN EFFECT FROM FEBRUARY 4, 2013THROUGH JULY 3, 2013.

Civil and Administrative Penalty(ies)/Fine(s)Suspension

Capacities Affected: ALL CAPACITIES

Duration: 5 MONTHS

Start Date: 02/04/2013

End Date: 07/03/2013

Sanction 1 of 1

Sanction Type: Suspension

Monetary Related Sanction: Civil and Administrative Penalty(ies)/Fine(s)

Total Amount: $30,000.00

Portion Levied againstindividual:

$30,000.00

Date Paid by individual: 01/08/2013

Was any portion of penaltywaived?

No

Amount Waived:

Monetary Sanction 1 of 1

Payment Plan:

Is Payment Plan Current:






Customer Dispute - Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civilsuit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to thecustomer.

Disclosure 1 of 11

Reporting Source: Firm

Employing firm whenactivities occurred which ledto the complaint:

Allegations:


IN CONNECTION WITHH THE RECOMMENDATION AND SALE OF ANALTERNATIVE INVESTMENT IN MAY 2008, CLAIMANT ALLEGES FAILURE TOSUPERVISOR.


Alleged Damages: $50,000.00

Date Complaint Received: 03/30/2012

Complaint Pending? No

Status:

Status Date: 03/12/2013

Settlement Amount: $24,500.00

Individual ContributionAmount:

$0.00

Customer Complaint Information

Settled

Is this an oral complaint? No

Is this a written complaint? Yes

Is this an arbitration/CFTCreparation or civil litigation?

Yes

Arbitration/Reparation forumor court name and location:

FINRA

Docket/Case #: 12-01047

Filing date ofarbitration/CFTC reparationor civil litigation:

03/14/2012






iReporting Source: Broker


Allegations:


IN CONNECTION WITH THE RECOMMENDATION AND SALE OF ANALTERNATIVE INVESTMENT IN MAY OF 2008, CLAIMANT ALLEGES FAILURETO SUPERVISE.




Complaint Pending? Yes

Settlement Amount:


Summary: HOWARD SLATER IS NOT A NAMED RESPONDENT IN THIS MATTER.





Yes


FINRA



03/14/2012

Disclosure 2 of 11

i

Reporting Source: Broker







Allegations:


IN CONNECTION WITH INVESTMENTS IN MEDICAL CAPITAL, CLAIMANTSALLEGE NEGLIGENCE,NEGLIGENT MISREPRESENTATIONS, BREACH OFFIDUCIARY DUTY, VIOLATIONS OF OHIO BLUE SKY LAWS, AND AIDING &ABETTING FRAUD.


Alleged Damages: $3,187,000.00

Date Notice/Process Served: 04/07/2011

Arbitration Pending? No

Disposition: Settled

Disposition Date: 09/29/2011

Monetary CompensationAmount:

$1,479,386.47

Summary: 09/30/2011: THIS CLAIM WAS PART OF A GLOBAL SETTLEMENT BYSECURITIES AMERICA, INC.

Arbitration Information


$0.00

Alleged Damages AmountExplanation (if amount notexact):

THIS IS A MULTI-CLIENT CLAIM INVOLVING MORE THAN ONEREPRESENTATIVE. ALLEGED DAMAGES FOR THIS REPRESENTATIVE ARE$50,000.

Arbitration/CFTC reparationclaim filed with (FINRA, AAA,CFTC, etc.):

FINRA


Disclosure 3 of 11

i



Allegations:


IN CONNECTION WITH THE RECOMMENDATION AND SALE OF PROVIDENTSHALE, CLAIMANTS ALLEGE VIOLATIONS OF OHIO BLUE SKY LAWS,VIOLATIONS OF FINRA RULE 2110, NEGLIGENCE, NEGLIGENTMISREPRESENTATIONS AND OMISSIONS, BREACH OF FIDUCIARY DUTY,AND AIDING & ABETTING FRAUD.






Allegations:

SHALE, CLAIMANTS ALLEGE VIOLATIONS OF OHIO BLUE SKY LAWS,VIOLATIONS OF FINRA RULE 2110, NEGLIGENCE, NEGLIGENTMISREPRESENTATIONS AND OMISSIONS, BREACH OF FIDUCIARY DUTY,AND AIDING & ABETTING FRAUD.

Product Type: Oil & Gas







$139,258.22

Summary: 09/30/2011: THIS CLAIM WAS PART OF A GLOBAL SETTLEMENT BYSECURITIES AMERICA, INC.



$0.00




FINRA


Disclosure 4 of 11

i



Allegations:


IN CONNECTION WITH THE RECOMMENDATION AND SALE OF MEDICALCAPITAL AND PROVIDENT ROYALTIES, CLAIMANT ALLEGESUNSUITABILITY, MISREPRESENTATION, AND NEGLIGENCE.

Product Type: Direct Investment-DPP & LP InterestsOil & Gas






Product Type:Oil & Gas




Status:




$0.00

Summary: REPRESENTATIVE HOWARD SLATER IS NOT A NAMED RESPONDENT INTHIS MATTER. 09/30/2011: THIS CLAIM WAS PART OF A GLOBALSETTLEMENT BY SECURITIES AMERICA, INC.


Settled




Yes


FINRA



10/21/2010

Disclosure 5 of 11

i



Allegations:


IN CONNECTION WITH THE RECOMMENDATION AND SALE OF MEDICALCAPITAL AND VARIOUS REAL ESTATE SECURITIES, CLAIMANTS ALLEGEBREACH OF FIDUCIARY DUTY, FRAUD, VIOLATION OF STATE SECURITIESLAW, AND NEGLIGENCE.

Direct Investment-DPP & LP InterestsReal Estate Security






Product Type: Direct Investment-DPP & LP InterestsReal Estate Security







$127,653.37

Summary: THE ADVISOR STATES THAT HE HAS BEEN ERRONEOUSLY NAMED IN THISMATTER AS HE HAS NEVER HAD ANY PROFESSIONAL CONTACT WITH ANYOF THESE NAMED CLIENTS. THE ADVISOR WILL BE WORKING WITHCOUNSEL TO HAVE THE RECORD CORRECTED. 09/30/2011: THE PORTIONOF THIS CLAIM RELATING TO MEDICAL CAPITAL WERE PART OF A GLOBALSETTLEMENT BY SECURITIES AMERICA, INC. CLAIMS RELATING TOADDITIONAL PRODUCTS CONTINUE AT THIS TIME. 01/04/2012: I WASDISMISSED FROM THIS MATTER WITH PREJUDICE.



$0.00


FINRA


Disclosure 6 of 11

i



Allegations:

SECURITIES AMERICA, INC

IN CONNECTION WITH THE RECOMMENDATION AND SALE OF TWOALTERNATIVE INVESTMENTS, CLAIMANT ALLEGES UNSUITABILITY ANDMISREPRESENTATION. ALLEGATIONS ALSO INCLUDE FRAUD, BREACH OFFIDUCIARY DUTY AND VIOLATIONS OF THE OHIO SECURITIES ACT.


$110,000.0019©2013 FINRA. All rights reserved. Report# 85949-85534 about HOWARD A. SLATER. Data current as of Thursday, April 11, 2013.








Status:




$0.00

Summary: HOWARD SLATER IS NOT A NAMED RESPONDENT IN THIS MATTER. THECLIENTS WERE ACCREDITED INVESTORS, AND MR. SLATER DENIES ALLALLEGATIONS.


Settled




Yes


FINRA



07/19/2011

Disclosure 7 of 11

i



Allegations:


IN CONNECTION WITH THE RECOMMENDATION AND SALE OF MEDICALCAPITAL, PROVIDENT SHALE, AND IMH, CLAIMANTS ALLEGE FRAUD,NEGLIGENCE, MISREPRESENTATION AND OMISSION OF MATERIALFACTS,VIOLATIONS OF FINRA RULES AND FAILURE TO SUPERVISE. INCONNECTION WITH THE SALE OF GOLDMAN SACHS, CLAIMANTS ALLEGEOVERCONCENTRATION.






Product Type: Direct Investment-DPP & LP InterestsOil & Gas







$2,761,026.27

Summary: THE ADVISOR DENIES ALL ALLEGATIONS. 09/30/2011: THE PORTION OFTHIS CLAIM RELATING TO MEDICAL CAPITAL AND PROVIDENT WAS PARTOF A GLOBAL SETTLEMENT BY SECURITIES AMERICA, INC. CLAIMSRELATING TO ADDITIONAL PRODUCTS CONTINUE AT THIS TIME.01/12/2012: I WAS DISMISSED FROM THIS MATTER WITH PREJUDICE.



$0.00


THIS IS A MULTI-CLIENT CLAIM INVOLVING MORE THAN ONEREPRESENTATIVE. ALLEGED DAMAGES FOR THIS REPRESENATATIVEARE $2,638,000.


FINRA


Disclosure 8 of 11

i



Allegations:


IN CONNECTION WITH THE RECOMMENDATION AND SALE OF MEDICALCAPITAL, PROVIDENT SHALE, THE HIGHLAND FUND AND OTHERINVESTMENTS, CLAIMANTS ALLEGE UNSUITABILITY,MISREPRESENTATION, NEGLIGENCE, BREACH OF FIDUCIARY DUTY, ANDBREACH OF CONTRACT.






Product Type: Direct Investment-DPP & LP InterestsOther: CLOSED END FUNDS




Status:




$0.00

Summary: THE ADVISOR IS NOT A NAMED RESPONDENT IN THIS CLAIM AND DENIESALL ASSERTIONS RELATED TO THIS FILING. 09/30/2011: THIS CLAIM WASPART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA, INC. CLAIMSRELATING TO ADDITIONAL PRODUCTS CONTINUE AT THIS TIME.05/04/2012: ALL REMAINING CLAIMS HAVE BEEN SETTLED FOR A TOTAL OF$89,000. THE ADVISOR WAS NOT ASKED TO, NOR DID HE, CONTRIBUTE TOEITHER SETTLEMENT. THIS MATTER IS NOW CONCLUDED.


Settled




Yes


FINRA



04/12/2010

Disclosure 9 of 11

i








Allegations:


IN CONNECTION WITH THE RECOMMENDATION AND SALE OF MEDICALCAPITAL AND IMH SECURED LOAN FUND, CLAIMANTS ALLEGEUNSUITABILITY, MISREPRESENTATION, NEGLIGENCE, BREACH OFFIDUCIARY DUTY, AND BREACH OF CONTRACT.

Product Type: Other: ALTERNATIVE INVESTMENTS




Status:




$0.00

Summary: THE ADVISOR IS NOT A NAMED RESPONDENT IN THIS CLAIM AND DENIESALL ASSERTIONS RELATED TO THIS FILING. 09/30/2011: THE PORTION OFTHIS CLAIM RELATING TO MEDICAL CAPITAL WAS PART OF A GLOBALSETTLEMENT INITIATED BY SECURITIES AMERICA, INC. CLAIMS RELATINGTO ADDITIONAL PRODUCTS CONTINUE AT THIS TIME. 05/07/2012:SECURITIES AMERICA, INC. SETTLED ALL REMAINING CLAIMS IN THISMATTER FOR $46,000. THE ADVISOR WAS NOT ASKED TO, NOR DID HE,CONTRIBUTE TO EITHER SETTLEMENT.


Settled




Yes


FINRA



04/15/2010






CONTRIBUTE TO EITHER SETTLEMENT.

Disclosure 10 of 11

i



Allegations:

SECURITIES AMERICA, INC. AND SECURITIES AMERICA ADVISORS, INC.

IN CONNECTION WITH THE RECOMMENDATION AND SALE OFALTERNATIVE INVESTMENTS, CLAIMANTS ALLEGE MISREPRESENTATION,OMISSIONS, BREACH OF FIDUCIARY, DUTY, VIOLATIONS OF OHIOSECURITIES ACT, FRAUD,NEGLIGENCE, BREACH OF CONTRACT, ANDFINRA RULE VIOLATIONS.








$761,278.26

Summary: THE REPRESENTATIVE MAINTAINS THAT HE HAS BEEN IMPROPERLYNAMED IN THIS SUIT. THE REPRESENTATIVE DID NOT MEET WITH, HAVEANY CONTACT WITH, OR CONDUCT ANY TRANSACTIONS WITH THECLAIMANTS. 8/30/2011: THE BROKER DEALER HAS PARTIALLY SETTLEDTHIS MATTER (SETTLEMENT REACHED WITH ONE CLAIMANT). THISMATTER CONTINUES WITH RESPECT TO THE OTHER CLAIMANTS AT THISTIME. 09/30/2011: THE PORTION OF THIS CLAIM RELATING TO MEDICALCAPITAL WAS PART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA,INC. CLAIMS RELATING TO ADDITIONAL PRODUCTS CONTINUE AT THISTIME. 01/12/2012: I WAS DISMISSED FROM THIS MATTER WITH PREJUDICE.



$0.00


FINRA







INC. CLAIMS RELATING TO ADDITIONAL PRODUCTS CONTINUE AT THISTIME. 01/12/2012: I WAS DISMISSED FROM THIS MATTER WITH PREJUDICE.

Disclosure 11 of 11

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Allegations:


CLIENT ALLEGES THAT REPRESENTATIVE SOLD HIM A REG D OFFERINGAND IT WAS UNSUITABLE FOR HIM BECAUSE HE DID NOT MEET THESTANDARDS TO PURCHASE THE PRODUCT.





Status:




$15,000.00

Summary: MR. SLATER DENIES ALL ALLEGATIONS.


Settled


CLIENT DID NOT SPECIFY DAMAGES; HOWEVER, SAI CANNOT MAKE AGOOD FAITH DETERMINATION THAT THE LOSSES ASSOCIATED WITH THECOMPLAINT WOULD BE LESS THAN $5,000.




No






Customer Dispute - Pending

This type of disclosure event involves (1) a pending consumer-initiated, investment-related arbitration or civil suit thatcontains allegations of sales practice violations against the broker; or (2) a pending, consumer-initiated, investment-related written complaint containing allegations that the broker engaged in, sales practice violations resulting incompensatory damages of at least $5,000; forgery, theft, or misappropriation; or conversion of funds or securities.

Disclosure 1 of 5



Allegations:


IN CONNECTION WITH THE RECOMMENDATION AND SALE OF VARIOUSREAL ESTATE INVESTMENTS, CLAIMANTS ALLEGE MISREPRESENTATIONAND OMISSION OF MATERIAL FACTS. ADDITIONAL ALLEGATIONSINCLUDE BREACH OF FIDUCIARY DUTIES, AND VIOLATION OF FINRACONDUCT RULES.





Settlement Amount:



THIS IS A MULTI-CLIENT CLAIM INVOLVING MORE THAN ONEREPRESENTATIVE. ALLEGED DAMAGES INVOLVING THISREPRESENTATIVE ARE $2,903,000.




Yes


FINRA



07/19/2012






Settlement Amount:


Summary: HOWARD SLATER IS NOT A NAMED RESPONDENT IN THIS MATTER, ANDDENIES ALL IMPLIED CLAIMS AGAINST HIM AND THE BROKER DEALER.

Disclosure 2 of 5

i



Allegations:


IN CONNECTION WITH THE RECOMMENDATION AND SALE OF VARIOUSREAL ESTATE INVESTMENTS, CLAIMANT ALLEGES UNSUITABILITY.ADDITIONAL ALLEGATIONS INCLUDE VIOLATIONS OF FEDERAL AND STATESECURITIES LAWS, FRAUD, BREACH OF CONTRACT AND NEGLIGENCE.





Settlement Amount:






Yes


FINRA



09/04/2012







Summary: HOWARD SLATER IS NOT A NAMED RESPONDENT IN THIS MATTER, ANDDENIES ALL IMPLIED CLAIMS AGAINST HIM AND THE BROKER DEALER.

Disclosure 3 of 5

i



Allegations:


CLAIMANT ALLEGES THAT BETWEEN NOVEMBER 2007 AND FEBRUARY2008, THE REPRESENTATIVE RECOMMENDED AND SOLD UNSUITABLEINVESTMENTS. ALLEGATIONS INCLUDE MISREPRESENTATIONS ANDMATERIAL OMISSIONS, OVERCONCENTRATION, BREACH OF FIDUCIARYDUTY, FRAUD, AND NEGLIGENCE.





Settlement Amount:






Yes


FINRA



07/12/2012






Summary: THE REPRESENTATIVE, HOWARD SLATER, IS NOT A NAMED RESPONDENTIN THIS MATTER.

Disclosure 4 of 5

i



Allegations:


IN CONNECTION WITH THE RECOMMENDATION AND SALE OF VARIOUSINVESTMENTS FROM MID 2007 TO MID 2008, CLAIMANT ALLEGES BREACHOF FIDUCIARY DUTY, VIOLATIONS OF THE OHIO SECURITIES ACT, FRAUD,MISREPRESENTATION, AND UNSUITABILITY.

Product Type: Direct Investment-DPP & LP InterestsMutual FundReal Estate Security




Settlement Amount:


Summary: HOWARD SLATER IS NOT A NAMED RESPONDENT.





Yes


FINRA



06/26/2012






Disclosure 5 of 5

i



Allegations:


BEGINNING IN SEPT OF 2005 THROUGH MARCH OF 2008, CLAIMANTSALLEGE THAT THE REPRESENTATIVE MADE RECOMMENDATIONS FORALTERNATIVE INVESTMENTS WHICH WERE UNSUITABLE. ALLEGATIONSINCLUDE: OVERCONCENTRATION, MISREPRESENTATIONS ANDOMISSIONS, FRAUD, BREACH OF FIDUCIARY DUTY, AND NEGLIGENCE.





Settlement Amount:


Summary: HOWARD SLATER IS NOT A NAMED RESPONDENT AND DENIES ALLIMPLIED CLAIMS AGAINST HIM, CEDAR BROOK AND THE BROKER DEALER.







Yes


FINRA



11/22/2011






Summary: HOWARD SLATER IS NOT A NAMED RESPONDENT AND DENIES ALLIMPLIED CLAIMS AGAINST HIM, CEDAR BROOK AND THE BROKER DEALER.






End of Report

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Documents

HOWARD ALAN SLATER - clevelandmedia.cleveland.com/business_impact/other/Slater.pdf · 2016. 11. 7. · 02/1994 - 07/2005 LINCOLN FINANCIAL ADVISORS CORPORATION 3978 FORT WAYNE, IN