JEFFREY ALAN FLADELL - FINRA

BrokerCheck Report

JEFFREY ALAN FLADELL

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 209278

1

2 - 3

5

6

Page(s)

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https://www.AdviserInfo.sec.gov

http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414


http://brokercheck.finra.org/Support/Terms

JEFFREY A. FLADELL

CRD# 209278

This broker is not currently registered.

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

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Regulatory Event 2

Criminal 1

Customer Dispute 11

Investment Adviser RepresentativeInformation

https://www.adviserinfo.sec.gov

The information below represents the individual'srecord as a broker. For details on this individual'srecord as an investment adviser representative,visit the SEC's Investment Adviser PublicDisclosure website at



This broker has passed:

1 Principal/Supervisory Exam

3 General Industry/Product Exams

2 State Securities Law Exams

Registration History

This broker was previously registered with thefollowing securities firm(s):

RBC CAPITAL MARKETS, LLCCRD# 31194FLORHAM PARK, NJ10/2009 - 12/2017

B

J. B. HANAUER & CO.CRD# 6958PARSIPPANY, NJ03/1995 - 10/2009

B

J. B. HANAUER & CO.CRD# 6958PARSIPPANY, NJ11/1988 - 02/1993

B

www.finra.org/brokercheck User Guidance

1�2021 FINRA. All rights reserved. Report about JEFFREY A. FLADELL.


https://adviserinfo.sec.gov/individual/summary/209278

http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports



Registrations

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








Industry Exams this Broker has Passed

This individual has passed 1 principal/supervisory exam, 3 general industry/product exams, and 2 state securities law exams.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a broker may attain a registrationafter receiving an exam waiver based on exams the broker has passed and/or qualifying work experience. Any exam waivers that the broker hasreceived are not included below.

Exam Category Date

Principal/Supervisory Exams

General Securities Principal Examination 09/22/2005Series 24B

Exam Category Date

General Industry/Product Exams

Securities Industry Essentials Examination 12/31/2017SIEB

General Securities Representative Examination 12/04/1994Series 7B

Registered Representative Examination 02/28/1969Series 1B

Exam Category Date

State Securities Law Exams

Uniform Investment Adviser Law Examination 12/09/2005Series 65IA

Uniform Securities Agent State Law Examination 03/23/1995Series 63B

Additional information about the above exams or other exams FINRA administers to brokers and other securities professionals can be found atwww.finra.org/brokerqualifications/registeredrep/.





www.finra.org/brokerqualifications/registeredrep/



Professional Designations

This section details that the representative has reported 0 professional designation(s).

No information reported.






Registration and Employment History

Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

B 10/2009 - 12/2017 RBC CAPITAL MARKETS, LLC 31194 FLORHAM PARK, NJ

B 03/1995 - 10/2009 J. B. HANAUER & CO. 6958 PARSIPPANY, NJ

B 11/1988 - 02/1993 J. B. HANAUER & CO. 6958 PARSIPPANY, NJ

B 04/1979 - 11/1988 HALPERT AND COMPANY, INC. 7094

B 10/1972 - 10/1984 TRAVELERS EQUITIES SALES, INC. 833

B 01/1976 - 04/1979 SWANTON SECURITIES, INC. 5823

B 07/1971 - 07/1975 HERMES SECURITIES, INC. 5837

B 10/1970 - 03/1974 BERNARD SCHNITZER 5423

Employment History

Employment Employer Name Investment RelatedPosition Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker on the most recently filedForm U4.

Please note that the broker is required to provide this information only while registered with FINRA or a national securities exchangeand the information is not updated via Form U4 after the broker ceases to be registered. Therefore, an employment end date of"Present" may not reflect the broker's current employment status.

10/2009 - Present RBC CAPITAL MARKETS , LLC FINANCIAL ADVISOR Y PARSIPPANY, NJ, UnitedStates

Other Business Activities

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

YAI NETWORKNATIONAL INSTITUTE FOR PEOPLE WITH DISABILITIES.START DATE 9/29/10 AND NO END DATE. MEMBER OF BOARD OF TRUSTEES. REVIEW ACTITIVITES OF CHARITY. DEVOTE 10 HRS PERMONTH.






Disclosure Events

What you should know about reported disclosure events:

1. 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.

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 disclose 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. o

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 same disclosure event, all versions of the event willappear in the BrokerCheck report. The different versions will be separated by a solid line with the reporting source labeled.

o4. 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" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final 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 party charged with some alleged wrongdoing.§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Please note that brokers and

brokerage firms may choose to settle customer disputes or regulatory matters for business or other reasons.§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoing on the part of the

individual broker. Such matters generally involve customer disputes.

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

Final On AppealPending

Regulatory Event 0 2 0

Criminal 0 1 0

Customer Dispute 0 11 N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegations that are contested and havenot been resolved or proven. The matter may, in the end, be withdrawn, dismissed, resolved in favor of the broker, or concluded through anegotiated settlement for certain business reasons (e.g., to maintain customer relationships or to limit the litigation costs associated with disputingthe allegations) with no admission or finding of wrongdoing.

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

Regulatory - Final

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

Disclosure 1 of 2

Reporting Source: Regulator

Regulatory Action InitiatedBy:

FINRA

Sanction(s) Sought:

Date Initiated: 03/25/2021

Docket/Case Number: 2017054432701

Employing firm when activityoccurred which led to theregulatory action:

RBC Capital Markets LLC

Product Type: Debt-Municipal

Allegations: Without admitting or denying the findings, Fladell consented to the sanctions andto the entry of findings that he made unsuitable recommendations to a customer, asenior over 100 years old, which resulted in her extreme overconcentration in high-yield municipal bonds. The findings stated that the customer was the trustee forconservative trust accounts at Fladell's member firm. One trust account was forherself and the other was for the benefit of her sister-in-law, who also was a senior.Both accounts had the most conservative investment objective with a low risktolerance. Despite the volatility of the municipal bond market at the time, Fladellrepeatedly recommended that the customer invest in high-yield municipal bonds, arecommendation that was contrary to the investment profile of the trust accounts.86 percent of the customer's holdings and 100 percent of the customer's sister-in-law's holdings, in conservative trust accounts, consisted of risky high-yieldmunicipal bonds. 7�2021 FINRA. All rights reserved. Report about JEFFREY A. FLADELL.




https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=2017054432701


Without admitting or denying the findings, Fladell consented to the sanctions andto the entry of findings that he made unsuitable recommendations to a customer, asenior over 100 years old, which resulted in her extreme overconcentration in high-yield municipal bonds. The findings stated that the customer was the trustee forconservative trust accounts at Fladell's member firm. One trust account was forherself and the other was for the benefit of her sister-in-law, who also was a senior.Both accounts had the most conservative investment objective with a low risktolerance. Despite the volatility of the municipal bond market at the time, Fladellrepeatedly recommended that the customer invest in high-yield municipal bonds, arecommendation that was contrary to the investment profile of the trust accounts.86 percent of the customer's holdings and 100 percent of the customer's sister-in-law's holdings, in conservative trust accounts, consisted of risky high-yieldmunicipal bonds.

Current Status: Final

Resolution: Acceptance, Waiver & Consent(AWC)

Resolution Date: 03/25/2021

Sanctions Ordered:

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

No

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






(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?

Capacities Affected: All Capacities

Duration: three months

Start Date: 04/05/2021

End Date: 07/04/2021

Sanction 1 of 1

Sanction Type: Suspension






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

Total Amount: $5,000.00

Portion Levied againstindividual:

$5,000.00

Date Paid by individual:

Was any portion of penaltywaived?

No

Amount Waived:

Monetary Sanction 1 of 1

Payment Plan: deferred

Is Payment Plan Current:

Disclosure 2 of 2

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Reporting Source: Regulator


NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.

Sanction(s) Sought:

Other Sanction(s) Sought:


Docket/Case Number: SD-1137


J.B. HANAUER & CO.

Product Type: No Product

Other Product Type(s):

Allegations: JEFFREY FLADELL IS SUBJECT TO A STATUTORY DISQUALIFICATIONPURSUANT TO SECTION 15(B)(4)(B)(I) OF THE SECURITIES EXCHANGE ACTOF 1934 AND ARTICLE III, SECTION 4(F)(1) OF THE NASD BY-LAWS AS ARESULT OF HIS GUILTY PLEA IN U.S.D.C FOR THE DISTRICT OF NEWJERSEY ON 3/23/92 TO ONE MISDEMEANOR COUNT OF SUBMITTING AFALSE DOCUMENT TO THE INTERNAL REVENUE SERVICE IN CONNECTIONWITH HIS 1986 INCOME TAX RETURN

Current Status:10�2021 FINRA. All rights reserved. Report about JEFFREY A. FLADELL.






Resolution: Order


Sanctions Ordered:

Other Sanctions Ordered:

Sanction Details: DENIAL OF REGISTRATION

Regulator Statement 2/5/93 RECEIVED NOTIFICATION FROM THE NASD OFFICE OFGENERAL COUNSEL THAT THE APPLICATION FOR CONTINUEDASSOCIATIONOF JEFFREY FLADELL AS A GENERAL SECURITIES REPRESENTATIVE WITHJ.B. HANAUER & CO. HAS BEEN DENIED PURSUANT TO RULE 19D-1 OFTHE SECURITIES AND EXCHANGE ACT OF 1934. MR. FLADELL IS SUBJECTTO A STATUTORY DISQUALIFICATION AS DEFINED IN SECTION15(B)(4)(B)(I) OF THE SECURITIES EXCHANGE ACT OF 1934 ANDARTICLE III, SECTION 4(F)(1) OF THE NASD BY-LAWS AS A RESULT OFHIS GUILTY PLEA IN U.S. D.C FOR THE DISTRICT OF NEW JERSEY ON3/23/92 TO ONE MISDEMEANOR COUNT OF SUBMITTING A FALSEDOCUMENTTO THE INTERNAL REVENUE SERVICE IN CONNECTION WITH HIS 1986INCOME TAX RETURN. THE FIRM PROPOSES TO CONTINUE TO EMPLOYMR.FLADELL AS A REGISTERED REPRESENTATIVE. MR. FLADELL WILL BESUPERVISED BY PAUL GORDON AND BERNARD L. KASHMAN, SENIOR VICEPRESIDENT, AND GENERAL SECURITIES PRINCIPAL. AFTER A CAREFULREVIEW OF THE ENTIRE RECORD IN THIS MATTER, THE BOARD OFGOVERNOR CONCLUDES THAT THE APPLICATION OF JEFFREY FLADELLTOCONTINUE IN ASSOCIATION WITH J.B.HANAUER AS A REGISTEREDREPRESENTATIVE BE DENIED. THE BOARD HAS CONSIDERED THE LIMITEDNATURE OF MR. FLADELL'S ACTIVITIES, AND THE DETAILED ANDCOMPREHENSIVE SUPERVISORY PLAN PROPOSED BY THE MEMBER;HOWEVER,DUE TO THE SERIOUS AND FINANCIALLY-RELATED NATURE OF THISOFFENSE AND DUE TO THE FACT THAT HE IS STILL ON PROBATION FORHIS OFFENSE, THE BOARD DOES NOT BELIEVE IT IS APPROPRIATE FORHIM TO REMAIN REGISTERED WITH THE NASD AT THIS TIME. FOR THESEREASONS, THE BOARD DOES NOT BELIEVE IT IS APPROPRIATE, GIVENPROPER REGARD FOR THE PUBLIC INTEREST AND PROTECTION OFINVESTORS, TO ALLOW MR. FLADELL TO REMAIN ASSOCIATED WITH THEFIRM. HIS REGISTRATION WITH THE NASD WILL BE TERMINATEDEFFECTIVE 4:PM EASTERN STANDARD TIME ON FRIDAY, 2/12/93.

Revocation/Expulsion/Denial






iReporting Source: Firm


NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.

Sanction(s) Sought:





J.B. HANAUER & CO.

Product Type:


Allegations:


Resolution: Order


Sanctions Ordered:


Sanction Details:


iReporting Source: Broker


NASD

Sanction(s) Sought: Expulsion





J.B. HANAUER & CO.







J.B. HANAUER & CO.

Product Type: No Product


Allegations: STATUTORY DISQUALIFICATION FOLLOWING A GUILTYPLEA TO VIOLATING 26 U.S.C #7207, A MISDEMEANOR.


Resolution: Order


Sanctions Ordered:


Sanction Details: MY CONTINUED ASSOCIATION WITH A BROKER/DEALERWAS DENIED, AND MY ASSOCIATION WAS TERMINATED ON FEBRUARY 12,1993.

Broker Statement NOT PROVIDED







Criminal - Final Disposition

This type of disclosure event involves a criminal charge against the broker that has resulted in a conviction, acquittal, dismissal, or plea. Thecriminal matter may pertain to any felony or certain misdemeanor offenses, including bribery, perjury, forgery, counterfeiting, extortion, fraud, andwrongful taking of property.

Disclosure 1 of 1

Reporting Source: Firm

Charge Date: 06/13/1991

Charge Details:

Felony?


Status Date: 03/23/1992


Court Details: UNITED STATED OF AMERICA92-302C-001

Charge Date: 06/13/1991

Charge Details: THE GOVERNMENT ALLEGED THAT, DURING AN AUDITOF MY 1986, FEDERAL INCOME TAX RETURN, I SUBMITTED TO AREPRESENTATIVE OF THE INTERNAL REVENUE SERVICE TOSUBSTANTIATEA DEDUCTION FOR SALES AND PROMOTIONAL EXPENSES FOR 1986 ANAMERICAN EXPRESS RECEIPT FOR $829.06 FROM A RESTAURANT WHICHPURPORTED TO BE ISSUED ON FEBRUARY 21, 1986 WHEREAS, IN FACT, IKNEW THAT THE CHARGES WERE INCURRED IN FEBRUARY 1987.

Felony? No



Disposition Details:


I PLED GUILTY TO VIOLATING 26 U.S.C. 7207, A MISDEMEANOR, ANDWAS SENTENCED TO THREE YEARS PROBATION. IN ADDITION, I AGREEDTO PAY A FINE OF $2,500 IN MONTHLY INSTALLMENTS, RESTITUTION OF$4,150 TO COVER THE COST OF PROBATION SUPERVISION AND A SPECIALASSESSMENT OF $25. DURING THE PERIOD OF PROBATION MY ACTIVITIESARE RESTRCTED AND I HAVE AGREED TO TAKE CERTAIN SPECIFIEDACTIONS.












Customer Dispute - Award / Judgment

This type of disclosure event involves a final, consumer-initiated, investment-related arbitration or civil suit containing allegations of sales practiceviolations against the broker that resulted in an arbitration award or civil judgment for the customer.

Disclosure 1 of 1

Reporting Source: Broker

Employing firm whenactivities occurred which ledto the complaint:

Allegations:

HALBERT OBERST & COMPANY

CLAIMANTS ALLEGED THAT THE RISKS INVOLVED INTHE PURCHASE OF GNMA POOLS WERE MISREPRESENTED AND THAT THEPURCHASE OF GNMA SECURITIES WAS AN UNSUITABLE INVESTMENT.

Product Type: Debt - Government

Alleged Damages: $54,000.00

Date Complaint Received: 10/02/1987

Complaint Pending? No

Status:


Settlement Amount:

Individual ContributionAmount:

Arbitration/Reparation Claimfiled with and Docket/CaseNo.:

NASD; 87-01886

Date Notice/Process Served: 10/02/1987

Arbitration Pending? No

Disposition: Award to Customer

Disposition Date: 08/24/1989

Monetary CompensationAmount:

$24,000.00

Customer Complaint Information

Arbitration Information


$18,000.00

Arbitration/Reparation





https://www.finra.org/arbitration-mediation/arbitration-awards-online?search=87-01886


Broker Statement *CLAIMANTS WERE AWARDED $6,000 FROM HALPERT,OBERST & COMPANY AND $18,000 FROM JEFFREY FLADELL.DESPITE THE FACT THAT EVIDENCE AND TESTIMONYCLEARLY SUPPORTED THE POSITION THAT THE CLAIMANTS WERE AWAREOFTHE TYPE OF TRANSACTIONS THEY REQUESTED, THE RISKS ATTENDANTTOTHOSE TRANSACTIONS AND THAT THEY SPECIFICALLY REQUESTED THETRANSACTIONS AND CONSISTENTLY SOLICITED ME TO TRANSACTBUSINESSFOR THEM, THE ARBITRATION PANEL AWARDED LESS THAN 14% OF THETOTAL MONETARY CLAIM AGAINST ME.






Customer Dispute - Settled

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

Disclosure 1 of 10



Allegations:


Claimants allege they were over concentrated and invested in unsuitable PuertoRico bonds.

Product Type: Other: Muni Bonds

Alleged Damages: $1,000,000.00



Status:


Settlement Amount: $445,000.00


$0.00


Settled

Is this an oral complaint? No

Is this a written complaint? No

Is this an arbitration/CFTCreparation or civil litigation?

Yes

Arbitration/Reparation forumor court name and location:

FINRA

Docket/Case #: 19-00653

Filing date ofarbitration/CFTC reparationor civil litigation:

03/05/2019

Disclosure 2 of 10

i








Allegations:

RBC Capital Markets, LLC

Customer alleges unsuitable investments in municipal bonds in the period of April2010 to present





Disposition: Settled



$750,000.00



$0.00

Alleged Damages AmountExplanation (if amount notexact):

Claimant alleges the amount is in excess of $2,230,906.00

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

FINRA




Allegations:


Customer alleges unsuitable investments in muncipal bonds in the period of April2010 to present.









Arbitration Pending? Yes



Claimant alleges the amount is in excess of $2,230,906


FINRA


Disclosure 3 of 10

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Allegations:


Customer alleges unsbuitable reccomendations of Puerto Rico bonds, in periodJuly 2009 to 2014.


Alleged Damages: $0.00


Demand is unspecified. Amount is above $5K.




Yes


FINRA



04/07/2016








Status:




$0.00


Settled


04/07/2016

Disclosure 4 of 10

i



Allegations:


Claimants allege investments in Puerto Rico bonds were unsuitable andmisrepresented their risk, in the period 2009 through 2015



Date Complaint Received:





Yes


FINRA



11/23/2015








Status:


Settlement Amount: $1,400,000.00


$0.00

Settled

Disclosure 5 of 10

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Allegations:


Claimant alleges misrepresentation of investments in municipal bonds in the periodof 2009 to 2015.




Complaint Pending?



No Specific damage amount it alleged. The firm has made a determination that adamage claim could exceed $5,000.


Is this a written complaint? Yes


Yes


FINRA



06/07/2017







Status:




$0.00

Settled



Allegations:


Customer alleges FA misrepresented investing in Puerto Rico bonds. Period is2009 to 2015.




Complaint Pending? Yes

Settlement Amount:



No specific damage amount is alleged. The firm has made a determination that adamage claim could exceed $5,000.




Yes


FINRA



06/07/2017







Disclosure 6 of 10

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Allegations:


Claimant alleges investments in municipal bonds were unsuitable andoverconcentrated and her account was churned, in the period 2013 to the present.





Status:




$0.00


Settled




Yes


FINRA



08/31/2015

Disclosure 7 of 10

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Allegations:

RBC CAPITAL MARKETS, LLC

CLAIMANTS ALLEGE UNSUITABLE INVESTMENTS AND OVERCONCENTRATION IN MUNICIPAL BONDS ADVERSE TO THEIR INVESTMENTOBJECTIVE, IN PERIOD 2012 AND EARLY 2013.





Status:




$0.00


Settled




Yes


FINRA



05/27/2014

Disclosure 8 of 10

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Allegations:

RBC CAPITAL MARKETS, LLC

CLAIMANT ALLEGES UNSUITABLE INVESTMENTS AND OVERCONCENTRATION IN MUNICIPAL BONDS ADVERSE TO HIS INVESTMENTOBJECTIVE OF PRINCIPAL PROTECTION CAUSED SUBSTANTIAL LOSSES,IN PERIOD DECEMBER 2012 THROUGH JANUARY 2014.





Status:


Settlement Amount:




Disposition: Settled



$265,000.00



Evolved into Arbitration/CFTC reparation (the individual is a named party)




No


FINRA








$0.00

Disclosure 9 of 10

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Allegations:

J.B. HANAUER & CO.

IN THEIR EVER EVOLVING COMPLAINT, CUSTOMERS ALLEGED THATVARIOUS STRATEGIES EMPLOYED IN 2005 AND 2006 WERE UNSUITABLE.

Product Type: Debt - Corporate

Other Product Type(s): DEBT MUNICIPAL




Status:




$50,600.00

Broker Statement RATHER THAN ENGAGE IN A PROTRACTED DISPUTE WITH CUSTOMERSWHO WERE BEING DIRECTED TO USE VARIOUS BUZZWORDS BY THEIRNEW BROKER, THE FIRM AGREED TO SETTLE THE MATTER.


Settled

Disclosure 10 of 10

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Allegations:

J.B. HANAUER & CO.

CUSTOMER ALLEGED THAT A SECURITY SHE PURCHASED IN FEBRUARY1999, WHICH DEFAULTED IN FEBRUARY 2001, WAS TOO GREAT APERCENTAGE OF HER PORTFOLIO. NO SPECIFIC DAMAGES ARE ALLEGEDBUT UNREALIZED DAMAGES EXCEED $5,000.






CUSTOMER ALLEGED THAT A SECURITY SHE PURCHASED IN FEBRUARY1999, WHICH DEFAULTED IN FEBRUARY 2001, WAS TOO GREAT APERCENTAGE OF HER PORTFOLIO. NO SPECIFIC DAMAGES ARE ALLEGEDBUT UNREALIZED DAMAGES EXCEED $5,000.

Product Type: Debt - Municipal




Status:




$15,750.00

Broker Statement WHILE NO EVIDENCE OF WRONGDOING WAS FOUND, THE FIRM AND IAGREED TO SETTLE THE CLAIM TO SATISFY THE CONCERNS OF A LONGTIME CUSTOMER.


Settled






End of Report

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JEFFREY ALAN FLADELL - FINRA