BAMBI IRIS HOLZER - The Wall Street Journalonline.wsj.com/public/resources/documents/holzer102313.pdf · 18-09-2013 · BrokerCheck Report BAMBI IRIS HOLZER Report #30940-24132, data

BrokerCheck Report

BAMBI IRIS HOLZER

Report #30940-24132, data current as of Wednesday, October 23, 2013.

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 1088028

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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.

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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

o information that regulators report regarding disciplinary actions or allegations against firms or brokers.

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·· Are there other resources I can use to check the background of investment professionals?FINRA recommends that you learn as much as possible about an investment professional before deciding to workwith them. Your state securities regulator can help you research brokers and investment adviser representativesdoing business in your state.

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BAMBI I. HOLZER

CRD# 1088028

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 have beenreported:

Type Count

Regulatory Event 5

Customer Dispute 64

Termination 1

Judgment/Lien 1

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:

0 Principal/Supervisory Exams

1 General Industry/Product Exam

2 State Securities Law Exams

Registration History

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

NEWPORT COAST SECURITIES, INC.CRD# 16944BEVERLY HILLS, CA03/2011 - 08/2013

WEDBUSH SECURITIES INC.CRD# 877BEVERLY HILLS, CA06/2007 - 04/2011

SEQUOIA EQUITIES SECURITIESCORPORATIONCRD# 13848WALNUT CREEK, CA03/2010 - 04/2010

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1©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.


http://www.adviserinfo.sec.gov/IAPD/support/IAPD_Link_for_NBC.aspx?Indvl_pk=1088028&LinkedFrom=Report

http://www.finra.org/brokercheck

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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 0 principal/supervisory exams, 1 general industry/product exam, and 2 statesecurities law exams.

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

No information reported.

Exam Category Date

General Industry/Product Exams

General Securities Representative Examination 04/16/1983Series 7

Exam Category Date

State Securities Law Exams

Uniform Securities Agent State Law Examination 06/17/1983Series 63

Uniform Investment Adviser Law Examination 04/28/1997Series 65

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:

03/2011 - 08/2013 NEWPORT COAST SECURITIES, INC. 16944 BEVERLY HILLS, CA

06/2007 - 04/2011 WEDBUSH SECURITIES INC. 877 BEVERLY HILLS, CA

03/2010 - 04/2010 SEQUOIA EQUITIES SECURITIESCORPORATION

13848 WALNUT CREEK, CA

10/2003 - 06/2007 BROOKSTREET SECURITIES CORPORATION 14667 BEVERLY HILLS, CA

09/2001 - 10/2003 A. G. EDWARDS & SONS, INC. 4 ST. LOUIS, MO

04/1993 - 10/2001 UBS PAINEWEBBER INC. 8174 WEEHAWKEN, NJ

10/1990 - 04/1993 BEAR, STEARNS & CO. INC. 79 NEW YORK, NY

07/1989 - 11/1990 OPPENHEIMER & CO., INC. 630 NEW YORK, NY

04/1988 - 08/1989 SHEARSON LEHMAN HUTTON INC. 7506 NEW YORK, NY

04/1983 - 04/1988 E. F. HUTTON & COMPANY INC 235

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.

03/2011 - Present NEWPORT COAST SECURITIES, INC. IRVINE, CA

06/2007 - 03/2011 WEBUSH MORGAN SECURITIES LOS ANGELES, CA

03/2010 - 04/2010 SEQUOIA EQUITIES SECURITIES CORPORATION WALNUT CREEK, CA

10/2003 - 06/2007 BROOKSTREET SECURITIES IRVINE, CA







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.

1.AUTHOR OF FOUR BOOKS: JOHN WILEY AND SONS, RETIRE RICH, SET FOR LIFE, GETTING YOURS ANDFINANCIAL BLISS-1601 BROADWAY NEW YORK, NY. 10019.TIME SPENT IS MINIMAL. 2. CONTRIBUTESARTICLES TO WEBSITE "GRANDPARENTS.COM."24 UNION SQUARE EAST. 5TH FL. NEW YORK, NY.10019-TIME SPENT IS MINIMAL. 3.SEQUOIA EQUITIES/REAL ESTATE INVESTMENT-1777 BOTELHO DR STE. 300WALNUT CREEK, CA 94596-TALK TO CLIENTS ABOUT SUITABILITY FOR INVESTING. 4. BAMBI HOLZERFINANCIAL GROUP, INVESTMENT RELATED, BEVERLY HILLS, CA, DBA FOR SECURITIES AND INSURANCEBUSINESS, OWNER, IN THE PROCESS OF WINDING BUSINESS DOWN. 5. WEALTH & INCOME MANAGEMENTGROUP, INVESTMENT RELATED, 9401 WILSHIRE BLVD. BEVERLY HILLS CA, DBA FOR SECURITIES &INSURANCE BUSINESS.






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 1 4 0

Customer Dispute 4 60 N/A

Termination N/A 1 N/A

Judgment/Lien N/A 1 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 4

Reporting Source: Regulator

Regulatory Action InitiatedBy:

FINRA

Sanction(s) Sought: Suspension

Date Initiated: 09/18/2013

Docket/Case Number: 11-02257

Employing firm when activityoccurred which led to theregulatory action:

Product Type: No Product

Allegations: RESPONDENT HOLZER FAILED TO COMPLY WITH AN ARBITRATIONAWARD OR SETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPONDTO A FINRA REQUEST TO PROVIDE INFORMATION CONCERNING THESTATUS OF COMPLIANCE.

Current Status: Final

Resolution: LETTER

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






Resolution Date: 09/18/2013

Sanctions Ordered:


No

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






Summary: PURSUANT TO ARTICLE VI, SECTION 3 OF FINRA BY-LAWS, AND FINRARULE 9554, RESPONDENT HOLZER IS SUSPENDED SEPTEMBER 18, 2013FOR FAILURE TO COMPLY WITH AN ARBITRATION AWARD ORSETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPOND TO A FINRAREQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OFCOMPLIANCE.

(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: ANY CAPACITY

Duration: N/A

Start Date: 09/18/2013

End Date:

Sanction 1 of 1

Sanction Type: Suspension






Summary: PURSUANT TO ARTICLE VI, SECTION 3 OF FINRA BY-LAWS, AND FINRARULE 9554, RESPONDENT HOLZER IS SUSPENDED SEPTEMBER 18, 2013FOR FAILURE TO COMPLY WITH AN ARBITRATION AWARD ORSETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPOND TO A FINRAREQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OFCOMPLIANCE.

Disclosure 2 of 4

i

Reporting Source: Broker


STATE OF CALIFORNIA DEPARTMENT OF INSURANCE

Sanction(s) Sought: Revocation


Docket/Case Number: LA 15695-AP


BROOKSTREET SECURITIES, INC.

Product Type: Annuity-Variable

Allegations: ALLEGED FAILURE TO NOTIFY THE DEPARTMENT OF INSURANCE OF ACHANGE IN BACKGROUND INFORMATION.


Resolution: Order


Sanctions Ordered:


No

SuspensionOther: RESTRICTED LICENSE AND REGISTRATIONS FOR A PERIOD OF ONEYEAR.

Capacities Affected: INSURANCE RIGHTS AND REGISTRATIONS

Sanction 1 of 1

Sanction Type: Suspension






Capacities Affected: INSURANCE RIGHTS AND REGISTRATIONS

Duration: 20 DAYS

Start Date: 09/30/2012

End Date: 09/30/2012

Disclosure 3 of 4

i



ILLINOIS


Other Sanction(s) Sought:


Docket/Case Number: 0500342


BROOKSTREET SECURITIES CORPORATION

Product Type: Other

Other Product Type(s):

Allegations: RESPONDENT'S REGISTRATION AS A SALESPERSON IN THE STATE OFILLINOIS IS SUBJECT TO REVOCATION PURSUANT TO SECTION 8.E(1)(J)OF THE ILLINOIS SECURITIES LAW.


Resolution: Consent


Sanctions Ordered:

Other Sanctions Ordered:


No






Sanction Details: RESPONDENT WILL PARTICIPATE IN A PROGRAM OF ENHANCED ANDHEIGHTENED SUPERVISION REGARDING THE RECOMMENDATION MADETO ILLINOIS CLIENTS CONCERNING THE PURCHASE OF VARIABLEANNUNITIES FOR A PERIOD OF ONE YEAR. COSTS $1500.00 WEREASSESSED (THIS IS NOT A FINE).

Summary: ORDER OF DISIMISSAL WAS ISSUED ON APRIL 5, 2006. ANY QUESTIONPLEASE CALL JAY BIONDO OR DANIEL TUNICK @312-793-3384.

iReporting Source: Broker


ILLINOIS


Other Sanction(s) Sought:




BROOKSTREET SECURITIES CORPORATION

Product Type: Other


Allegations: ALLEGED VIOLATION OF SECTION 8.E(1)(J) OF THE ILLINOIS SECURITIESLAW.


Resolution: Consent


Sanctions Ordered:

Other Sanctions Ordered:

Sanction Details: RESPONDENT WILL PARTICIPATE IN A PROGRAM OF ENHANCED ANDHEIGHTENED SUPERVISION REGARDING THE RECOMMENDATION MADETO ILLINOIS CLIENTS CONCERNING THE PURCHASE OF VARIABLEANNUITIES FOR A PERIOD OF ONE YEAR. COSTS OF $1500.00 WEREASSESSED (THIS IS NOT A FINE).






Disclosure 4 of 4

i



NASD

Sanction(s) Sought:


Docket/Case Number: C02050049


UBS PAINEWEBBER INC.


Allegations: NASD RULE 2110 - RESPONDENT MADE NEGLIGENTMISREPRESENTATIONS TO CUSTOMERS REGARDING CERTAINPRODUCTS FEATURES IN CONNECTION WITH THE PURCHASE AND SALEOF VARIABLE ANNUITIES.


Resolution: Acceptance, Waiver & Consent(AWC)


Sanctions Ordered:

Summary: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, HOLZERCONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OFFINDINGS, THEREFORE SHE IS SUSPENDED FROM ASSOCIATION WITHANY NASD MEMBER IN ANY CAPACITY FOR 21 DAYS AND FINED $100,000.HOLZER SHALL RECEIVE CREDIT IN THE AMOUNT OF $80,000 FORPAYMENTS SHE PREVIOUSLY MADE IN PARTIAL RESTITUTION.SUSPENSION WILL COMMENCE AT THE OPENING OF BUSINESS ON JULY18, 2005 AND WILL CONCLUDE ON AUGUST 7, 2005. ATTEND ANDSATISFACTORILY COMPLETE 16 HOURS OF CONTINUING EDUCATIONCONCERNING VARIABLE ANNUITIES AND PROVIDE NASD WITH EVIDENCETHAT SHE SATISFACTORILY COMPLETED THE PROGRAM WITHIN 10 DAYSOF COMPLETION. FINE PAID.


No

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





http://disciplinaryactions.finra.org/CaseAuthentication.aspx?CaseNB=C02050049


SATISFACTORILY COMPLETE 16 HOURS OF CONTINUING EDUCATIONCONCERNING VARIABLE ANNUITIES AND PROVIDE NASD WITH EVIDENCETHAT SHE SATISFACTORILY COMPLETED THE PROGRAM WITHIN 10 DAYSOF COMPLETION. FINE PAID.



NASD

Sanction(s) Sought: Suspension

Other Sanction(s) Sought: MONETARY FINE


Docket/Case Number: CO2050049


UBS PAINEWEBBER, INC.

Product Type: Annuity(ies) - Variable


Allegations: ALLEGED MISREPRESENTATION OF VARIABLE ANNUITIES.


Resolution: Acceptance, Waiver & Consent(AWC)


Sanctions Ordered:

Other Sanctions Ordered: UNDERTAKING TO ATTEND AND SATISFACTORILY COMPLETE, WITHIN 75DAYS OF JUNE 1, 2005, SIXTEEN HOURS OF CONTINUING EDUCATIONCONCERNING VARIABLE ANNUITIES.

Sanction Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, HOLZERCONSENTED TO THE FOLLOWING SANCTIONS; A FINE IN THE AMOUNT OF$100,000, HOLZER SHALL RECEIVE CREDIT IN THE AMOUNT OF $80,000FOR PAYMENTS SHE PREVIOUSLY MADE IN PARTIAL RESTITUTION. ASUSPENSION FOR ASSOCIATION WITH ANY NASD MEMBER FIRM, IN ANYAND ALL CAPACITIES, FOR A PERIOD OF 21 DAYS. AN UNDERTAKING TOATTEND AND SATISFACTORILY COMPLETE, WITHIN 75 DAYS OF JUNE 1,2005 SIXTEEN HOURS OF CONTINUING EDUCATION CONCERNINGVARIABLE ANNUITIES.

Monetary/Fine $100,000.00Suspension





http://disciplinaryactions.finra.org/CaseAuthentication.aspx?CaseNB=C02050049


VARIABLE ANNUITIES.






Regulatory - Pending

This type of disclosure event involves a pending formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulatory agency such as the Securities and ExchangeCommission, foreign financial regulatory body) for alleged violations of investment-related rules or regulations.

Disclosure 1 of 1



FINRA

Sanction(s) Sought: Other: N/A




WEDBUSH SECURITIES INC., AND NEWPORT COAST SECURITIES, INC.

Product Type: Other: PRIVATE PLACEMENT SECURITIES WITH PREFERRED STOCK

Allegations: FINRA BY-LAWS ARTICLE V, SECTION 2(C), FINRA RULES 1122, 2010, 8210,NASD RULES 2110, 2310: HOLZER MADE UNSUITABLE RECOMMENDATIONSTO CUSTOMERS, RELATING TO THE OFFERING OF PRIVATE PLACEMENTSECURITIES THAT THE CUSTOMERS INVEST IN THE SECURITIES WITHOUTHAVING A REASONABLE BASIS TO BELIEVE THAT THE SECURITY WASSUITABLE FOR THE CUSTOMERS IN LIGHT OF THE CUSTOMERS'FINANCIAL NEEDS AND SITUATION. IN PARTICULAR, THE PRIVATESECURITIES WAS UNSUITABLE IN LIGHT OF THE CUSTOMERS' NEED FORLIQUIDITY, INCOME AND SAFETY OF PRINCIPAL AND, IN LIGHT OFHOLZER'S PRIOR AND CONTEMPORANEOUS RECOMMENDATIONS TO THECUSTOMERS, RESULTED IN UNDUE CONCENTRATION IN THEIRPORTFOLIOS OF INVESTMENTS IN ILLIQUID AND SPECULATIVESECURITIES. HOLZER'S RECOMMENDATIONS TO THE CUSTOMERSEXPOSED THE CUSTOMERS TO AN UNDUE RISK OF LOSS OF PRINCIPALAND INCOME AND UNDULY CONCENTRATED THEIR ASSETS INSPECULATIVE AND ILLIQUID SECURITIES. HOLZER'S MEMBER FIRMENTERED INTO A SELLING AGREEMENT WITH THE ISSUER OFFERING THEPRIVATE PLACEMENT SECURITIES. IN OR ABOUT THAT TIME, HOLZER,WITH KNOWLEDGE OF THE RISKS, BEGAN RECOMMENDING THE PRIVATEPLACEMENT SECURITIES TO CUSTOMERS. HOLZER ENGAGED INCONDUCT INCONSISTENT WITH JUST AND EQUITABLE PRINCIPALS OFTRADE WHEN SHE SUBMITTED OR CAUSED TO BE SUBMITTED TO HERFIRM PRIVATE PLACEMENT SECURITIES DISCLOSURE DOCUMENTS FORCUSTOMERS THAT HOLZER KNEW OR SHOULD HAVE KNOWN REFLECTEDFALSE AND INACCURATE INFORMATION CONCERNING THE CUSTOMERS'NET WORTH AND INVESTMENT OBJECTIVES UPON WHICH THE FIRMWOULD RELY IN REVIEWING THE PROPOSED TRANSACTIONS. THECALIFORNIA DEPARTMENT OF INSURANCE (DOI) INITIATED AREGULATORY ACTION AND ISSUED AN ACCUSATION IN A MATTERAGAINST HOLZER. HOLZER RECEIVED THE RELATED DOCUMENTS.HOLZER WAS ALSO SERVED WITH THE FIRST AND THE SECONDAMENDED ACCUSATIONS. THE DOI ACTION, INCLUDING THE ACCUSATION,AND THE FIRST AND THE SECOND AMENDED ACCUSATIONS, COMPRISEDMATERIAL INFORMATION THAT HOLZER WILLFULLY FAILED TO DISCLOSEON FORM U4 AT ANY TIME DURING HER ASSOCIATION WITH A MEMBERFIRM, FAILED TO DISCLOSE ON HER INITIAL FORM U4 SUBMITTED TOANOTHER MEMBER FIRM, AND FAILED TO DISCLOSE IN A TIMELY MANNERON FORM U4 WHILE REGISTERED WITH THIS FIRM. ALSO, A CUSTOMER'SINVESTMENT-RELATED ARBITRATION AWARD AND JUDGMENT AGAINSTHOLZER COMPRISED MATERIAL INFORMATION THAT HOLZER WILLFULLYFAILED TO DISCLOSE IN A TIMELY MANNER ON FORM U4 WHILEREGISTERED WITH THIS FIRM. DURING THE COURSE OF FINRA'SINVESTIGATION OF THE CONDUCT, HOLZER PROVIDED FALSE TESTIMONYDURING ON-THE-RECORD INTERVIEWS (OTRS). THE TESTIMONY WASFALSE BECAUSE HOLZER HAD FAILED TO DISCLOSE THE DOI ACTION TOHER FIRM. HOLZER FURTHER FAILED TO DISCLOSE THE DOI ACTION TOANOTHER FIRM AT OR ABOUT THE TIME SHE WAS HIRED OR IN A TIMELYMANNER UPON RECEIVING THE AMENDED ACCUSATIONS.





http://disciplinaryactions.finra.org/CaseAuthentication.aspx?CaseNB=2010021778101


FALSE AND INACCURATE INFORMATION CONCERNING THE CUSTOMERS'NET WORTH AND INVESTMENT OBJECTIVES UPON WHICH THE FIRMWOULD RELY IN REVIEWING THE PROPOSED TRANSACTIONS. THECALIFORNIA DEPARTMENT OF INSURANCE (DOI) INITIATED AREGULATORY ACTION AND ISSUED AN ACCUSATION IN A MATTERAGAINST HOLZER. HOLZER RECEIVED THE RELATED DOCUMENTS.HOLZER WAS ALSO SERVED WITH THE FIRST AND THE SECONDAMENDED ACCUSATIONS. THE DOI ACTION, INCLUDING THE ACCUSATION,AND THE FIRST AND THE SECOND AMENDED ACCUSATIONS, COMPRISEDMATERIAL INFORMATION THAT HOLZER WILLFULLY FAILED TO DISCLOSEON FORM U4 AT ANY TIME DURING HER ASSOCIATION WITH A MEMBERFIRM, FAILED TO DISCLOSE ON HER INITIAL FORM U4 SUBMITTED TOANOTHER MEMBER FIRM, AND FAILED TO DISCLOSE IN A TIMELY MANNERON FORM U4 WHILE REGISTERED WITH THIS FIRM. ALSO, A CUSTOMER'SINVESTMENT-RELATED ARBITRATION AWARD AND JUDGMENT AGAINSTHOLZER COMPRISED MATERIAL INFORMATION THAT HOLZER WILLFULLYFAILED TO DISCLOSE IN A TIMELY MANNER ON FORM U4 WHILEREGISTERED WITH THIS FIRM. DURING THE COURSE OF FINRA'SINVESTIGATION OF THE CONDUCT, HOLZER PROVIDED FALSE TESTIMONYDURING ON-THE-RECORD INTERVIEWS (OTRS). THE TESTIMONY WASFALSE BECAUSE HOLZER HAD FAILED TO DISCLOSE THE DOI ACTION TOHER FIRM. HOLZER FURTHER FAILED TO DISCLOSE THE DOI ACTION TOANOTHER FIRM AT OR ABOUT THE TIME SHE WAS HIRED OR IN A TIMELYMANNER UPON RECEIVING THE AMENDED ACCUSATIONS.

Current Status: Pending






Customer Dispute - Award/Judgment

This type of disclosure event involves a final, consumer-initiated, investment-related arbitration or civil suit containingallegations of sales practice violations against the broker that resulted in an arbitration award or civil judgment for thecustomer.

Disclosure 1 of 1

Reporting Source: Firm

Employing firm whenactivities occurred which ledto the complaint:

Allegations:

BROOKSTREET SECURITIES INC AND WEDBUSH SECURITIES INC.

FRAUD, FAILURE TO INFORM ACTUAL VALUE OF ACCOUNT, FALSEREPRESENTATION OF FEES AND UNSUITABLE INVESTMENT

Product Type: Direct Investment-DPP & LP InterestsOther: REIT AND PRIVATE PLACEMENT

Alleged Damages: $2,000,000.00

Date Complaint Received: 02/18/2010

Complaint Pending? No

Status:

Status Date: 02/18/2010

Settlement Amount:

Individual ContributionAmount:

Customer Complaint Information

Arbitration Information

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

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 #: 10-00603

Filing date ofarbitration/CFTC reparationor civil litigation:

02/18/2010






Date Notice/Process Served: 02/18/2010

Arbitration Pending? No

Disposition: Award to Customer

Disposition Date: 11/29/2011

Monetary CompensationAmount:

$1,405,393.00

Summary: [CUSTOMER] WAS AWARDED COMPENSATORY DAMAGES OF $285,613.00JOINTLY AND SEVERALLY AGAINST WEDBUSH SECURITIES AND MS.HOLZER. MS. HOLZER WILL BE REQUESTED TO CONTRIBUTE 50% OFTHAT PART OF THE AWARD.



$1,262,586.50

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

FINRA




Allegations:

BROOKSTREET SECURITIES, INC.

FRAUD, FAILURE TO INFORM ACTUAL VALUE OF ACCOUNT, FALSEREPRESENTATION OF FEES AND UNSUITABLE INVESTMENT

Product Type: Other: REIT





Yes


FINRA






http://finraawardsonline.finra.org/authentication.aspx?CaseNum=10-00603




Status:


Settlement Amount:




Disposition: Award to Customer



$1,405,393.00




$1,119,780.00

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

Docket/Case #:


02/18/2010


FINRA






http://finraawardsonline.finra.org/authentication.aspx?CaseNum=10-00603


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 53



Allegations:

UBS FINANCIAL SERVICES INC.

CLIENT'S COUNSEL ALLEGES FA MISREPRESENTED ANNUITIES TO CLIENTRESULTING IN SUBSTANTIAL LOSSES. ATTORNEY STATES THE FRAUD ISBASED ON FALSE AND MISLEADING REPRESENTATIONS BY FA THAT THEANNUITIES WOULD PAY A GUARANTEED 7% RETURN. ATTORNEYALLEGES CLIENT WAS CLEAR WITH FA AT THE TIME THE ANNUITIES WEREOPENED STATING HE HOPED FOR A MODEST RETURN, BUT HE DID NOTWANT TO RISK HIS PRINCIPAL. IT IS ALLEGED CLIENT NEVER RECEIVEDTHE POLICIES OR PROSPECTUSES FOR THE ANNUITIES. TIME FRAME:APRIL 2, 2001 TO SEPTEMBER 13, 2001.





Status:


Settlement Amount: $125,000.00


$0.00


Settled




No








Allegations:

UBS FINANCIAL SERVICES

ALLEGED MISREPRESENTATION





Status:




$0.00


Settled




No

Disclosure 2 of 53

i



Allegations:

WEDBUSH SECURITIES INC.

STATEMENT OF CLAIM INCLUDES CAUSES OF ACTION FOR WRONGFULCONDUCT; BREACH OF FIDUCIARY DUTY; BREACH OF WRITTENCONTRACT; FAILURE TO SUPERVISE AND CONTROL; ELDER ABUSE; ANDVIOLATION OF STATE AND FEDERAL SECURITIES LAWS, FINRA RULES OFFAIR PRACTICE AND NYSE RULES.

Product Type: Real Estate Security

Alleged Damages: $100,000.00

Alleged Damages AmountExplanation (if amount notexact):

CLAIM REQUESTS DAMAGES AS FOLLOWS: GENERAL ANDCOMPENSATORY DAMAGES FOR $100,000; LOST OPPORTUNITY COST;RESCISSION OF UNSUITABLE INVESTMENTS; COST OF PROCEEDINGS;PUNITIVE DAMAGES; INTEREST; ATTORNEY'S FEES AND COSTS ANDFURTHER RELIEF DEEMED JUST BY THE PANEL.








Status:




$10,000.00


Settled


COMPENSATORY DAMAGES FOR $100,000; LOST OPPORTUNITY COST;RESCISSION OF UNSUITABLE INVESTMENTS; COST OF PROCEEDINGS;PUNITIVE DAMAGES; INTEREST; ATTORNEY'S FEES AND COSTS ANDFURTHER RELIEF DEEMED JUST BY THE PANEL.


Is this a written complaint? No


Yes


FINRA



05/18/2012



Allegations:

WEDBUSH SECURITIES

ALLEGED WRONGFUL CONDUCT, BREACH OF FIDUCIARY DUTY, BREACHOF WRITTEN CONTRACT




CLAIM REQUESTS DAMAGES AS FOLLOWS: GENERAL ANDCOMPENSATORY DAMAGES FOR $100,000, LOST OPPORTUNITY COST,RESCISSION OF UNSUITABLE INVESTMENTS, COST OF PROCEEDINGS,PUNITIVE DAMAGES, INTEREST, ATTORNEY'S FEES AND COSTS ANDFURTHER RELIEF DEMED JUST BY THE PANEL.








Status:




$10,000.00


Settled

Alleged Damages AmountExplanation (if amount notexact): RESCISSION OF UNSUITABLE INVESTMENTS, COST OF PROCEEDINGS,

PUNITIVE DAMAGES, INTEREST, ATTORNEY'S FEES AND COSTS ANDFURTHER RELIEF DEMED JUST BY THE PANEL.




Yes


FINRA



05/18/2012

Disclosure 3 of 53

i



Allegations:

BROOKSTREET SECURITIES AND WEDBUSH SECURITIES

ARBITRATION FILING INCLUDES THE FOLLOWING CLAIMS: NEGLIGENCE;SUITABILITY; MISREPRESENTATION AND FRAUD; BREACH OF FIDUCIARYDUTY; VIOLATION OF CALIFORNIA SECURITIES LAWS AND CALIFORNIACODE REGULATIONS; VIOALTION OF FINRA RULES OF FAIR PRACTICE;BREACH OF CONTRACT; ELDER ABUSE.

Product Type: Annuity-VariableUnit Investment TrustOther: PRIVATE PLACEMENT AND FLOATING RATE FUND






Other: PRIVATE PLACEMENT AND FLOATING RATE FUND

Alleged Damages: $0.00



Disposition: Settled



$325,000.00



$0.00


CLAIM DID NOT SPECIFY DAMAGES BUT REQUESTS THE PANEL REWARDTHE FOLLOWING: COMPENSATORY DAMAGES; RESCISSION ANDRESCISSIONARY DAMAGES, INCLUDING INTEREST; DISGORGEMENT OFCOMMISSIONS AND COMPENSATION RECEIVED BY RESPONDENTS; LOSTOPPORTUNITY OR "WELL-MANAGED" PORTFOLIO DAMAGES; STATUTORYDAMAGES; RESCISSIONARY DAMAGES; INTEREST CALCULATED AT 10%FROM THE DATE OF DEPOSIT; ELDER ABUSE DAMAGES AND ENHANCEDDAMAGES AS PROVIDED BY CALIFORNIA CODE; PUNITIVE DAMAGES;COST OF ARBITRATION; REASONABLE ATTORNEY'S FEES


FINRA




Allegations:

BROOKSTREET SECURITIES AND WEDBUSH SECURITIES

ALLEGED NEGLIGENCE, SUITABILITY, MISREPRESENTATION, BREACH OFFIDUCIARY DUTY.

Product Type: Annuity-VariableUnit Investment TrustOther: PRIVATE PLACEMENT AND FLOATING RATE FUND









Arbitration Pending? Yes



CLAIM DID NOT SPECIFY DAMAGES BUT FIRM HAS DETERMINED THAT THEDAMAGES WOULD BE MORE THAN $5000.


FINRA


Disclosure 4 of 53

i



Allegations:

WEDBUSH SECURITIES

CALIMANT ALLEGES THAT DUE TO RESPONDENT'S NEGLIGENTRECOMMENDATION AND SALES OF A FRAUDULENT INVESTMENTPRODUCT (PROVIDENT ROYALTIES LLC), HE HAS LOST $1,500,000. THECOMPLAINT INCLUDES CLAIMS FOR NEGLIGENCE AND BREACH OFFIDUCIARY DUTY; BREACH OF CONTRACT; NEGLIGENT SUPERVISION;VIOLATION OF CALIFORNIA SECURITIES LAW AND ELDER ABUSE LAW.

Product Type: Other: PRIVATE PLACEMENT





Yes


FINRA



09/30/2011








Status:




$0.00


Settled



Allegations:

WEDBUSH SECURITIES

ALLEGED NEGLIGENT RECOMMENDATION AND SALES, BREACH OFFIDUCIARY DUTY, BREACH OF CONTRACT.

Product Type: Other: PRIVATE PLACEMENT-PROVIDENT




Status:


Settled




Yes


FINRA



09/30/2011









$0.00

Disclosure 5 of 53

i



Allegations:

WEDBUSH SECURITIES

CLAIMANT ALLEGES LOSSES OF APPROXIMATELY $700,000 AS A RESULTOF RESPONDENT'S RECOMMENDATION AND SALE OF UNSAFEPRODUCTS: HIGHLAND; HARTFORD; JONES MEDIA; ANDBERRINGERHARVARD SECURITY TRUST. CLAIM ALSO INCLUDES THEFOLLOWING CAUSES OF ACTION: BREACH OF FIDUCIARY DUTY;MANIPULATIONS; MISREPRESENTATIONS/NON-DISCLOSURES; OMISSIONOF FACTS; SUITABILITY; FAILURE TO SUPERVISE AND NEGLIGENCE.

Product Type: Annuity-VariableDebt-CorporateEquity Listed (Common & Preferred Stock)Futures CommodityMutual FundReal Estate SecurityOther: EXCHANGE TRADED FUND; PRIVATE EQUITIES







CLAIMANT SEEKS DAMAGES OF UNSPECIFIED ATTORNEYS' FEES,INTEREST AND COSTS; $700,000.OO IN ACTUAL/COMPENSATORYDAMAGES; UNSPECIFIED PUNITIVE/EXEMPLARY DAMAGES; UNSPECIFIESOTHER MONETARY RELIEF; AND UNSPECIFIED TREBLE DMAMAGES.


FINRA










$85,000.00


$10,000.00



Allegations:

WEDBUSH SECURITIES

ALLEGED UNSUITABILITY, MISREPRESENTATION, BREACH OF FIDUCIARYDUTY.

Product Type: Annuity-VariableDebt-CorporateEquity Listed (Common & Preferred Stock)Futures CommodityMutual FundReal Estate SecurityOther: ETF, PRIVATE EQUITIES







$85,000.00



CLAIMANT SEEKS DAMAGES OF UNSPECIFIED FEES, INTEREST ANDCOSTS; $700,000 IN ACTUAL DAMAGES.


FINRA








$85,000.00


$10,000.00

Disclosure 6 of 53

i



Allegations:

WEDBUSH MORGAN SECURITIES INC

BREACH OF CONTRACT, NEGLIGENCE AND FRAUD





Status:




$0.00


Settled




Yes


FINRA



11/16/2009

iReporting Source:








Allegations:

WEDBUSH MORGAN SECURITIES, INC.

BREACH OF CONTRACT, NEGLIGENCE AND FRAUD





Status:




$0.00


Settled




Yes


FINRA



12/07/2009

Disclosure 7 of 53

i



Allegations:


PLAINTIFF ALLEGES BREACH OF FIDUCIARY DUTY, MISREPRESENTATIONAND NEGLIGENCE IN CONNECTION WITH AN INVESTMENT IN A VARIABLEANNUITY CONTRACT IN JANUARY 1999. 32©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.





Allegations:

AND NEGLIGENCE IN CONNECTION WITH AN INVESTMENT IN A VARIABLEANNUITY CONTRACT IN JANUARY 1999.

Product Type: Annuity-VariableInsurance



Litigation Pending? No




$100,000.00


$0.00

Civil Litigation Information

Type of Court: SUPERIOR

Name of Court: CALIFORNIA SUPERIOT COURT

Location of Court: CALIFORNIA, USA

Docket/Case #: BC415816



Allegations:

UBS FINANCIAL SERVICES, INC.

PLAINTIFF ALLEGES INTENTIONAL MISREPRESENTATION, NEGLIGENTMISREPRESENTATION, BREACH OF FIDUCIARY DUTY AND NEGLIGENCEREGARDING VARIABLE ANNUITIES TRANSACTIONS THAT BEGAN INJANUARY 1999.

Product Type: Annuity-VariableInsurance


Date Complaint Received:

Complaint Pending?








Status:


Settlement Amount:







$100,000.00


$0.00


Evolved into Civil litigation (the individual is a named party)

Type of Court: State Court

Name of Court: SUPERIOR COURT OF THE STATE OF CALIFORNIA FOR THE COUNTY OFLOS ANGELES

Location of Court: LOS ANGELES, CA

Docket/Case #: BC415816

Disclosure 8 of 53

i



Allegations:


PLAINTIFF WAS AN ACCOUNTANT AND BUSINESS MANAGER FOR THECLIENT OF FINANCIAL ADVISOR. PLAINTIFF IS REQUESTINGINDEMNIFICATION BY ALLEGING NEGLIGENCE AND MISREPRESENTATIONIN CONNECTION WITH FINANCIAL ADVISOR'S VARIABLE ANNUITYRECOMMENDATION AROUND 1997 AND 2000 AND THE SUBSEQUENTINVESTMENT BY HIS CLIENTS.ALLEGED DAMAGES UNSPECIFIED BUT ESTIMATED TO BE EXCEED$5,000.00

Annuity(ies) - Variable34©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.









Status:


Settlement Amount:


Court Details: SUPERIOR COURT OF CA. DOCKET NUMBER BC-376847






$1,100,000.00


$0.00



Litigation



Allegations:


PLAINTIFF WAS AN ACCOUNTANT AND BUSINESS MANAGER FOR THECLIENT FINANCIAL ADVISOR. PLAINTIFF IS REQUESTING INDEMNIFICATIONBY ALLEGING NEGLIGENCE AND MISREPRESENTATION IN CONNECTIONWITH FINANCIAL ADVISOR'S VARIABLE ANNUITY RECOMMENDATIONAROUND 1997 AND 2000 AND THE SUBSEQUENT INVESTMENT BY HISCLIENTS. ALLEGED DAMAGES UNSPECIFIED BUT ESTIMATED $5,000.00.


$0.00









Status:


Settlement Amount:


Court Details: SUPERIOR COURT OF CALIFORNIA, DOCKET NUMBER BC-376847






$1,100,000.00


$0.00



Litigation

Disclosure 9 of 53

i



Allegations:


PLAINTIFFS ALLEGE NEGLIGENCE, BREACH OF FIDUCIARY DUTY, FRAUDAND MISREPRESENTATION IN CONNECTION WITH THERECOMMENDATION TO INVEST IN VARIABLE ANNUITIES AROUND 1997THROUGH 2000.ALLEGED DAMAGES UNSPECIFIED BUT ESTIMATED TO EXCEED $5,000.00



Customer Complaint Information36©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.







Status:


Settlement Amount:







$1,100,000.00


$0.00




Type of Court: SUPERIOR

Name of Court: SUPERIOR COURT OF L.A.

Location of Court: LOS ANGELES

Docket/Case #: BC-376846



Allegations:


PLAINTIFFS ALLEGE NEGLIGENCE, BREACH OF FIDUCIARY DUTY, FRAUDAND MISREPRESENTATION IN CONNECTION WITH THERECOMMENDATION TO INVEST IN VARIABLE ANNUITIES AROUND 1997AND 2000. ALLEGED DAMAGES UNSPECIFIED BUT ESTIMATED TO EXCEED$5,000.00


$0.0037©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.








Status:


Settlement Amount:







$1,100,000.00


$0.00




Type of Court: SUPERIOR COURT

Name of Court: SUPERIOR COURT OF L.A.

Location of Court: LOS ANGELES

Docket/Case #: BC-376846

Disclosure 10 of 53

i



Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF HIS INVESTMENTIN A VARIABLE ANNUITY. ALLAGED DAMAGES UNSPECIFIED


$0.0038©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.








Status:




$675.00


Settled



Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF HIS INVESTMENTIN AN VARIABLE ANNUITY. ALLEGED DAMAGES UNSPECIFIED





Status:




$675.00


Settled

Disclosure 11 of 53

i








Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF HER INVESTMENTIN A VARIABLE ANNUITY.


Alleged Damages:



Status:




$4,611.74


Settled



Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF HER INVESTMENTIN A VARIABLE ANNUITY.


Alleged Damages:



Status:




$4,611.74


Settled







$4,611.74

Disclosure 12 of 53

i



Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF THEIRINVESTMENT IN A VARIABLE ANNUITY. ALLEGED DAMAGES UNSPECIFIED


Alleged Damages:



Status:




$1,203.00


Settled



Allegations:


ALLEGED MISREPRESENTATION OF A VARIABLE ANNUITY. DAMAGES NOTSPECIFIED.


Alleged Damages:









Status:




$1,203.00

Settled

Disclosure 13 of 53

i



Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF HIS INVESTMENTIN A VARIABLE ANNUITY. ALLEGED DAMAGE: UNSPECIFIED.


Alleged Damages:



Status:




$6,850.33


Settled



Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF HIS INVESTMENTIN A VARIABLE ANNUITY. ALLEGED DAMAGE: UNSPECIFIED.


Alleged Damages:








Status:




$6,850.33


Settled

Disclosure 14 of 53

i



Allegations:


CLIENTS VERBALLY ALLEGED MISREPRESENTATION OF A VARIABLEANNUITY. DAMAGES UNSPECIFIED


Alleged Damages:



Status:




$16,657.00


Settled



Allegations:







Allegations: ALLEGED MISREPRESENTATION OF A VARIABLE ANNUITY. DAMAGESUNSPECIFIED.


Alleged Damages:



Status:




$16,657.00


Settled

Disclosure 15 of 53

i



Allegations:




Alleged Damages:



Status:




$16,657.00


Settled

iReporting Source:








Allegations:


ALLEGED MISREPRESENTATION OF A VARIABLE ANNUITY. DAMAGESUNSPECIFIED.


Alleged Damages:



Status:




$16,657.00


Settled

Disclosure 16 of 53

i



Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF A VARIABLEANNUITY. DAMAGES UNSPECIFIED


Alleged Damages:



Status:


Settlement Amount:


Settled








$768.00



Allegations:




Alleged Damages:



Status:




$768.00


Settled

Disclosure 17 of 53

i



Allegations:




Alleged Damages:









Status:




$1,705.80

Settled



Allegations:




Alleged Damages:



Status:




$1,705.80


Settled

Disclosure 18 of 53

i



Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF HER INVESTMENTIN A VARIABLE ANNUITY. DAMAGES UNSPECIFIED.







Alleged Damages:



Status:




$10,365.20


Settled



Allegations:


VERBALLY ALLEGED MISREPRESENTATION OF HER INVESTMENT IN AVARIABLE ANNUITY. DAMAGES UNSPECIFIED.


Alleged Damages:



Status:




$10,365.20


Settled

Disclosure 19 of 53

i








Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF THEIRINVESTMENT IN A VARIABLE ANNUITY. DAMAGES UNSPECIFIED


Alleged Damages:



Status:




$5,340.00


Settled



Allegations:


VERALLY ALLEGED MISREPRESENTATION OF THEIR INVESTMENT IN AVARIABLE ANNUITY. DAMAGES UNSPECIFIED.


Alleged Damages:



Status:




$5,340.00


Settled







$5,340.00

Disclosure 20 of 53

i



Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF HIS INVESTMENTSIN A VARIABLE ANNUITY. DAMAGES UNSPECIFIED.


Alleged Damages:



Status:




$2,490.06


Settled



Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION OF HIS INVESTMENTSIN A VARIABLE ANNUITY. DAMAGES UNSPECIFIED.


Alleged Damages:









Status:




$2,490.06

Settled

Disclosure 21 of 53

i



Allegations:


CLIENT ALLEGED MISREPRESENTATION OF THEIR INVESTMENT IN AVARIABLE ANNUITY. DAMAGES UNSPECIFIED.


Alleged Damages:



Status:




$4,362.55


Settled



Allegations:


ALLEGED MISREPRESENTATION OF THEIR INVESTMENT IN A VARIABLEANNUITY. DAMAGES UNSPECIFIED.


Alleged Damages:








Status:




$0.00


Settled

Disclosure 22 of 53

i



Allegations:


CLIENT ALLEGED MISREPRESENTATION OF THEIR INVESTMENT IN AVARIABLE ANNUITY. DAMAGES UNSPECIFIED.


Alleged Damages:



Status:




$1,056.00


Settled



Allegations:







Allegations: ALLEGED MISREPRESENTATION OF THEIR INVESTMENT IN A VARIABLEANNUITY. DAMAGES UNSPECIFIED.


Alleged Damages:



Status:




$0.00


Settled

Disclosure 23 of 53

i



Allegations:


CLIENT ALLEGES MISREPRESENTATION AND UNSUITABLE INVESTMENTSIN VARIABLE ANNUITIES.





Status:




$29,850.00


Settled

iReporting Source:








Allegations:


ALLEGED MISREPRESENTATION AND USUITABLE INVESTMENTS INVARIABLE ANNUITIES.





Status:




$29,850.00


Settled

Disclosure 24 of 53

i



Allegations:


CLIENTS ALLEGE MISREPRESENTATION AND AN UNSUITABLEINVESTMENTS IN 1998 IN THE GOLDEN SELECT VARIABLE ANNUITY.DAMAGES ESTIMATED TO EXCEED $5000.


Alleged Damages:



Status:



Settled








$1,470.00



Allegations:


ALLEGED MISREPRESENTATION AND UNSUITABILITY. DAMAGESUNSPECIFIED BUT ASSUME AT LEAST $5000.00.





Status:




$1,470.00


Settled

Disclosure 25 of 53

i



Allegations:


CLIENTS ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY PURCHASED AROUND JULY 1998.











Status:




$0.00

Settled



Allegations:


ALLEGED MISREPRESENTATION AND UNSUITABILITY.





Status:




$0.00


Settled

Disclosure 26 of 53

i



Allegations:


CLIENT VERBALLY ALLEGED MISREPRESENTATION ON ANNUITIES ANDHEDGE FUNDS.


$342,000.0056©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.








Status:




$0.00


Settled



Allegations:


ALLEGED MISREPRESENTATION.





Status:




$0.00


Settled

Disclosure 27 of 53

i



Allegations:

A. G. EDWARDS & SONS, INC.






Allegations: ALLEGES AN INVESTMENT WAS OVER ALLOCATED. DAMAGES ARE NOTSPECIFIED BUT APPEAR TO BE IN EXCESS OF $5,000

Product Type: Other

Other Product Type(s): REITS




Status:




$0.00


Settled



Allegations:


ALLEGED UNSUITABILITY. DAMAGES NOT SPECIFIED BUT BELIEVED TO BEIN EXCESS OF $5,000

Product Type: Other

Other Product Type(s): REITS




Status:




$0.00


Settled






Disclosure 28 of 53

i



Allegations:


CUSTOMER ALLEGES MISREPRESENTATION IN A VARIABLE ANNUITY.CLAIMS THAT HOLZER MISREPRESENTED THAT THE PRINCIPAL ANDINTEREST WERE GUARANTEED. DAMAGES UNSPECIFIED BUT ESTIMATEDTO BE OVER $5,000.


Alleged Damages:



Status:


Settlement Amount: $0.00


$0.00

Summary: UBS DID NOT MAKE ANY MONETARY CONTRIBUTION TO THESETTLEMENT. THE INSURANCE COMPANY, GOLDEN AMERICANRESTRUCTERED CLAIMANTS' VARIABLE ANNUITIES TO THEIRSATISFACTION.


Settled



Allegations:


ALLEGED MISREPRESENTAION. DAMAGES UNSPECIFIED BUT ESTIMATEAT LEAST $5000.00



Customer Complaint Information 59©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.







Status:




$0.00

Summary: UBS/BROKER DID NOT CONTRIBUTE TO A MONETARY SETTLEMENT. THEINSURANCE COMPANY-GOLDEN AMERICAN, RESTRUCTERED CLAIMANTS'VARIABLE ANNUITIES TO THEIR SATISFACTION.


Settled

Disclosure 29 of 53

i



Allegations:


CLIENT VERBALLY ALLEGES MISREPRESENTATION IN A VARIABLEANNUITY. CLAIMAING THAT HOLZER MISREPRESENTED THAT THEPRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGES UNSPECIFIED.


Alleged Damages:



Status:




$0.00


Settled

iReporting Source:








Allegations:


ALLEGED MISREPRESENTATION. DAMAGES UNSPECIFIED, ASSUME ATLEAST $5000.00





Status:




$0.00


Settled

Disclosure 30 of 53

i



Allegations:


CLIENT ALLEGES MISREPRESENTATION AND UNSUITABLE INVESTMENT INVARIABLE ANNUITIES AND EQUITIES. DAMAGES UNSPECIFIED.


Other Product Type(s): EQUITIES - OTC

Alleged Damages:



Status:

Status Date:


Settled









$6,660.00



Allegations:


ALLEGED MISREPRESENTATION, ALLEGED UNSUTIABILITY. DAMAGESUNSPECIFIED ASSUME AT LEAST $5000.00


Other Product Type(s): EQUITIES




Status:




$6,660.00


Settled

Disclosure 31 of 53

i



Allegations:


CLIENT ALLEGES UNSUITABLE INVESTMENT IN A VARIABLE ANNUITIES.ALLEGED DAMAGE: UNSPECIFIED.


Alleged Damages:








Status:




$0.00


Settled



Allegations:


ALLEGED UNSUITABILITY. UNSPECIFIED DAMAGES ASSUME AT LEAST$5000.00.





Status:




$0.00


Settled

Disclosure 32 of 53

i



Allegations:

UBS PAINEBBER INC.






Allegations: CLIENT ALLEGES NEGLIGENCE, MISREPRESENTATION AND UNSUITABLEINVESTMENT RECOMMENDATIONS IN VARIABLE ANNUITIES AND OTHERUNSPECIFIED INVESTMENTS.





Status:


Settlement Amount: $1,400,000.00


$0.00


Settled



Allegations:


CLIENT ALLEGES NEGLIGENCE, MISREPRESENTATION AND UNSUITABLEINVESTMENT RECOMMENDATIONS IN VARIABLE ANNUITIES AND OTHERUNSPECIFIED INVESTENTS





Status:




$0.00


Settled






Disclosure 33 of 53

i



Allegations:


CLIENTS ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLAIMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED.





Status:




$0.00


Settled



Allegations:

UBS PAINEWEBBER

CLIENTS ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLAIMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED











Status:




$0.00

Settled

Disclosure 34 of 53

i



Allegations:


CLIENT ALLEGES MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLAIMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGESUNSPECIFIED BUT ESTIMATED TO EXCEED $5000.


Alleged Damages:



Status:




$0.00


Settled



Allegations:


CLIENT ALLEGES MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLAIMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGES AREUNSPECIFIED BUT ESTIMATED TO EXCEED $5000






UNSPECIFIED BUT ESTIMATED TO EXCEED $5000


Alleged Damages:



Status:




$0.00


Settled

Disclosure 35 of 53

i



Allegations:


CLIENTS ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLAIMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGESUNSPECIFIED BUT ESTIMATED TO EXCEED $5000.


Alleged Damages:



Status:




$0.00


Settled








Allegations:


CLIENTS ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLAIMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGESUNSPECIFIED BUT ESTIMATED TO EXCEED $5000


Alleged Damages:



Status:




$0.00


Settled

Disclosure 36 of 53

i



Allegations:




Alleged Damages:









Status:




$0.00

Settled



Allegations:

UBS PAINWEBBER, INC.

CIENTS ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLAIMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGESUNSPECIFIED BUT ESTIMATED TO EXCEED $5000


Alleged Damages:



Status:




$0.00


Settled

Disclosure 37 of 53

i



Allegations:








Allegations:

A VARIABLE ANNUITY. CLAIMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGESUNSPECIFIED BUT ESTIMATED TO EXCEED $5000.


Alleged Damages:



Status:




$0.00


Settled



Allegations:




Alleged Damages:



Status:




$0.00


Settled






Disclosure 38 of 53

i



Allegations:




Alleged Damages:



Status:




$0.00

Summary: CLIENTS HAD NO DAMAGES. MATTER RESOLVED FOR NO MONTETARYCONSIDERATION.


Settled



Allegations:


CLIENTS ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLIAMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGESUNSPECIFIED BUT ESTIMATED TO EXCEED $5000


Alleged Damages:








Status:




$0.00

Summary: CLIENTS HAD NO DAMAGES. MATTER RESOLVED FOR NO MONETARYCONSIDERATION


Settled

Disclosure 39 of 53

i



Allegations:


CLIENT ALLEGES MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLAIMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGESUNSPECIFIED BUT ESTIMATED TO EXCEED $5000.


Alleged Damages:



Status:




$0.00


Settled

iReporting Source:








Allegations:


CLIENT ALLEGES MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLIAMING THAT THE PRINCIPAL AND INTERESTWERE GUARANTEED. DAMAGES UNSPECIFIED BUT ESTIMATED TOEXCEED $5000


Alleged Damages:



Status:




$0.00


Settled

Disclosure 40 of 53

i



Allegations:















Status:




$0.00


Settled


No



Allegations:







Status:




$0.00


Settled




No







$0.00

Disclosure 41 of 53

i



Allegations:




Alleged Damages:



Status:




$0.00


Settled



Allegations:




Alleged Damages:








Status:




$0.00


Settled

Disclosure 42 of 53

i



Allegations:




Alleged Damages:



Status:




$0.00


Settled








Allegations:


CLIENTS ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLAIMING THT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGESUNSPECIFIED BUT ESTIMATED TO EXCEED $5000.


Alleged Damages:



Status:




$0.00


Settled

Disclosure 43 of 53

i



Allegations:




Alleged Damages:



Status:


Settled









$0.00



Allegations:


CLIENTS ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT INA VARIABLE ANNUITY. CLAIMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGESUNSPECIFIED BUT ESTIMATED TO EXCEED $5,000


Alleged Damages:



Status:




$0.00


Settled

Disclosure 44 of 53

i



Allegations:









Alleged Damages:



Status:




$0.00


Settled



Allegations:

UBS PAINEWEBBER

CLIENT ALLEGE MISREPRESENTATION AND UNSUITABLE INVESTMENT INVARIABLE ANNUITY. CLAIMING THAT HOLZER MISREPRESENTED THATTHE PRINCIPAL AND INTEREST WERE GUARANTEED. DAMAGESUNSPECIFIED BUT ESTIMATED TO EXCEED $5,000.


Alleged Damages:



Status:




$0.00


Settled

Disclosure 45 of 53

i








Allegations:


CLAIMANT ALLEGES BREACH OF FIDUCIARY DUTY, FRAUD,MISREPRESENTATION AND UBSUITABLE INVESTS IN A VARIABLE ANNUITYAND MUTUAL FUNDS.

Product Type: Money Market Fund(s)

Other Product Type(s): VARIABLE ANNUITY




Status:


Settlement Amount:


Arbitration/Reparation Claimfiled with and Docket/CaseNo.:

NASD - DOCKET # 03-00378






$90,000.00




$0.00

Arbitration/Reparation

iReporting Source: Firm







Allegations:


ALLEGES BREACH OF FIDUCIARY DUTY; FRAUD; NEGLIGENTMISREPRESENTATION

Product Type: Mutual Fund(s)

Other Product Type(s): ANNUITY




Status:


Settlement Amount:



NASD ARBITRATION CASE NO: 03-00378






$90,000.00




$0.00









Allegations:

UBS PAINEWEBBER

ALLEGED BREACH OF FIDUCIARY DUTY, ALLEGED FRAUD, ALLEGEDMISREPRESENTATION






Status:


Settlement Amount:



NASD ARBITRATION CASE NO #03-00378






$90,000.00




$0.00


Disclosure 46 of 53

i








Allegations:

UBS FINANCIAL SERVICES INC. .

CLAIMANT ALLEGES BREACH OF FIDUCIARY DUTY, MISREPRESENTATION,NEGLIGENCE AND AN UNSUITABLE INVESTMENT PURCHASED IN HISACCOUNT.





Status:


Settlement Amount:



NASD; CASE # 02-00664






$1,640,000.00




$0.00




UBS PAINEWEBBER






Allegations: CUSTOMER ALLEGED ANNUITY PRODUCT HE PURCHASED WASUNSUITABLE AND THAT ALLEGED INSUSFFICIENT DISCLOSURESWERE MADE. PURCHASES WERE MADE IN 2000. BROKER VIGOROUSLYDENIES THAT THE PRODUCT WAS UNSUITABLEAND ASSERTS THAT CUSTOMER FULLY UNDERSTOOD PRODUCT PRIORTO PURCHASE.

Product Type: Other





Status:


Settlement Amount:



NASD ARBITRATION. CASE NUMBER NASD-DR - 02-00664






$1,640,000.00




$0.00


Disclosure 47 of 53

i








Allegations:


CLIENT ALLEGES THAT BROKER REPRESENTED THAT GOLDEN AMERICANLIFE INSURANCE COMPANY ANNUITIES HAD A SEVEN PERCENTGUARANTEED RETURN, EVEN IF THE VALUE OF THE INVESTMENTS WASDOWN. TIME PERIOD 8/98-8/99.





Status:




$0.00


Settled



Allegations:


CLIENT ALLEGES THAT BROKER REPRESENTATED THAT GOLDENAMERICAN LIFE INSURANCE COMPANY ANNUITIES HAD SEVEN PERCENTGUARANTEED RETURN, EVEN IF THE VALUE OF THE INVESTMENTS WASDOWN. TIME PERIOD 8/98 - 8/99





Status:

Status Date:


Settled









$0.00

Disclosure 48 of 53

i



Allegations:


CLIENT ALLEGES THAT BROKER TOLD HIM THAT "HE WAS ALWAYSGUARANTEED A 7% CASH RETURN ON HIS ORIGINAL INVESTMENT" IN ANING GOLDENSELECT ANNUITY. ESTIMATED DAMAGES EXCEED $5000.


Alleged Damages:



Status:




$0.00


Settled



Allegations:


CLIENT ALLEGES THAT BROKER TOLD HIM THAT "HE WAS ALWAYSGUARANTEED A 7% CASHRETURN ON HIS ORIGINAL INVESTMENT" IN AN ING GOLDENSELECTANNUITY. ESTIMATEDDAMAGES EXCEED $5000.










Status:




$0.00


Settled

Disclosure 49 of 53

i



Allegations:


CLIENT ALLEGED THAT HIS FINANCIAL ADVISOR MISREPRESENTED THETERMS OF A GOLDEN AMERICIAN ANNUITY BY GUARANTEEING ANANNUAL RATE OF RETURN OF SEVEN PERCENT. DAMAGES UNSPECIFIEDBUT ESTIMATED TO EXCEED $5,000.







DAMAGES UNSPECIFIED BUT ESTIMATED TO EXCEED $5,000.




No






Status:




$0.00

Settled



Allegations:


CLIENT ALLEGED THAT HIS FINANCIAL ADVISOR MISREPRESENTED THETERMS OF A GOLDEN AMERICIAN ANNUITY BY GUARANTEEING ANANNUAL RATE OF RETURN OF SEVEN PERCENT. DAMAGES UNSPECIFIEDBUT ESTIMATED TO EXCEED $5,000.





Status:




$0.00


Settled


DAMAGES UNSPECIFIED BUT ESTIMATED TO EXCEED $5,000.00




No

i






Disclosure 50 of 53



Allegations:


CLIENTS ALLEGE THAT THE BROKER REPRESENTED THAT THEIR GOLDENSELECT ANNUITY HAD A "7% RIDER" PROVISION ADDING 7% TO THEINVESTMENT DURING A BAD YEAR. CLIENTS ALSO ALLEGE THAT THEBROKER DID NOT EXPLAIN THAT "THE 7% SOLUTION COULD ONLYINCREASE UNTIL THE INITIAL INVESTMENT WAS DOUBLED." DAMAGESARE UNSPECIFIED BUT ARE ESTIMATED TO EXCEED $5000.


Alleged Damages:



Status:




$0.00


Settled



Allegations:


CLIENTS ALLEGE THAT THE BROKER REPRESENTED THAT THEIR GOLDENSELECT ANNUITY HAD A "7% RIDER" PROVISION ADDING 7% TO THEINVESTMENT DURING A BAD YEAR. CLIENTS ALSO ALLEGE THAT THEBROKER DID NOT EXPLAIN THAT "THE 7% SOLUTION COULD ONLYINCREASE UNTIL THE INITIAL INVESTMENT WAS DOUBLED." DAMAGESARE UNSPECIFIED BUT ARE ESTIMATED TO EXCEED $5000.


Alleged Damages:








Status:




$0.00


Settled

Disclosure 51 of 53

i



Allegations:

PAINEWEBBER INC.

CLIENT ALLEGES THAT BROKER MISREPRESENTED NUVEEN SENIORINCOME FUND, PURCHASED IN OCTOBER 1999.





Status:




$0.00


Settled

Disclosure 52 of 53

i



PAINEWEBBER






Allegations: CLIENTS ALLEGED THAT THEIR PURCHASE OF CLOSED-END FUNDS WASUNSUITABLE AS THE MONIES WERE TO BE USED FOR A HOUSEPURCHASE AND INCOME TAX PAYMENT. CLIENT ALSO ALLEGES THAT FAPROMISED TO MAKE THEM WHOLE WITH RESPECT TO THE LOSSES.





Status:




$54,587.12


Settled

Disclosure 53 of 53

i



Allegations:

SHEARSON

FRAUD, MISREPRESENTATION, CHURNING,NEGLIGENCE, FAILURE TO SUPERVISE, BREACH OF FIDUCIARY DUTY.ALLEGED DAMAGES - $400,000 COMPENSATORY; $1,000,000 PUNITIVES

Product Type:


Date Complaint Received:


Status:

Status Date:

Settlement Amount:



Arbitration/ReparationLitigation








NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.; 91-01546






$70,000.00

Court Details: STATE; CA; BC 016065



Disposition: Judgment (other than monetary)


Summary: THIS MATTER WAS SETTLED FOR $70,000 BAMBI HOLZERDID NOT CONTRIBUTE TOWARD THE SETTLEMENTOPTIONS AND COMMODITIES NOT INVOLVED FOR FURTHER INFORMATION CONTACT [BROKER DEALER CONTACTPERSON] (212)464-7290



$0.00




Allegations:

SHEARSON

FRAUD, NEGLIGENCE,. BREACH OF FIDUCIARY,CHURNING, FAILURE TO SUPERVISE. SEEKING DAMAGES OF $400,000.00

Product Type: Other






Product Type:




Status:


Settlement Amount:



NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.; 91-01546






$70,000.00

Court Details: STATE; CA; BC 016065



Disposition: Judgment (other than monetary)


Summary: THIS MATTER WAS COMPELLED TO ARBITRATION. THIS MATTER WASSETTLED FOR $70,000- BAMBIHOLZER DID NOT CONTRIBUTE TOWARD THIS SETTLEMENT- SETTLEMENTWAS BETWEEN SHEARSON AND CLAIMENT.NOT PROVIDED




$0.00


Arbitration/ReparationLitigation






NOT PROVIDED






Customer Dispute - Closed-No Action/Withdrawn/Dismissed/Denied

This type of disclosure event involves (1) a consumer-initiated, investment-related arbitration or civil suit containingallegations of sales practice violations against the individual broker that was dismissed, withdrawn, or denied; or (2) aconsumer-initiated, investment-related written complaint containing allegations that the broker engaged in sales practiceviolations resulting in compensatory damages of at least $5,000; forgery, theft, or misappropriation; or conversion offunds or securities that was closed without action, withdrawn, or denied.

Disclosure 1 of 6



Allegations:

WEDBUSH SECURITIES

CLIENT IS CLAIMING REGISTERED REPRESENTATIVE MISREPRESENTEDTHE RISK, INCOME GENERATION, LIQUIDITY AND GROWTH POTENTIAL OFPRIVATE PLACEMENTS.





Status:


Settlement Amount:



Denied


LOSS DIFFERENCE BETWEEN INITIAL INVESTMENTS AND CURRENTVALUES




No








Allegations:

WEDBUSH SECURITIES

ALLEGED MISREPRESENTATION





Status:


Settlement Amount:



Denied


LOSS DIFFERENCE BETWEEN INITIAL INVESTMENTS AND CURRENTVALUES.




No

Disclosure 2 of 6

i



Allegations:

WEDBUSH SECURITIES INC

THE CLAIMANT ALLEGES A LOSS OF $150,000 AS A RESULT OFRESPONDENT'S RECOMMENDATION AND SALE OF A FRAUDULENTINVESTMENT PRODUCT,PROVIDENT ROYALTIES, LLC(SHALEROYALTIES8)IN OR ABOUT APRIL 2008. THE COMPLAINT INCLUDES CLAIMSFOR FAILURE TO TREAT CLAIMANT IN A JUST AND EQUITABLE MANNER,NEGLIGENCE, AND BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT,NEGLIGENT MISREPRESENTATION, VIOLATION OF CALIFORNIASECURITIES AND ELDER ABUSE LAWS. 96©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.





NEGLIGENT MISREPRESENTATION, VIOLATION OF CALIFORNIASECURITIES AND ELDER ABUSE LAWS.

Product Type: Other: PRIVATE PLACEMENT SECURITIES




Status:




$0.00


Arbitration Award/Monetary Judgment (for claimants/plaintiffs)




Yes


FINRA

Docket/Case #: 10-057-51


12/22/2010



Allegations:


THE CLAIMANT ALLEGES A LOSS OF $150,000 AS A RESULT OFRESPONDENT'S RECOMMENDATION AND SALE OF A FRAUDULENTINVESTMENT PRODUCT, PROVIDENT ROYALTIES, LLC (SHALE ROYALTIES8)IN OR ABOUT APRIL 2008. THE COMPLAINT INCLUDES CLAIMS FORFAILURE TO TREAT CLAIMANT IN A JUST AND EQUITABLEMANNER,NEGLIGENCE, AND BREACH OF FIDUCIAY DUTY,BREACH OFCONTRACT, NEGLIGENT MISREPRESENTATION, VIOLATION OFCALIFORNIA SECURITIES AND ELDER ABUSE LAWS. 97©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.





CONTRACT, NEGLIGENT MISREPRESENTATION, VIOLATION OFCALIFORNIA SECURITIES AND ELDER ABUSE LAWS.

Product Type: Other: PRIVATE PLACEMENT SECURITIES




Status:




$0.00


Arbitration Award/Monetary Judgment (for claimants/plaintiffs)




Yes


FINRA



12/22/2010

Disclosure 3 of 6

i



Allegations:


CLIENTS ALLEGE NEGLIGENCE AND MISREPRESENTATION OF THEIRINVESTMENT IN A VARIABLE ANNUITY. ALLEGED DAMAGE: UNSPECIFIED.


Alleged Damages:








Status:


Settlement Amount:



Denied



Allegations:


ALLEGED NEGLIGENCE AND MISREPRESENTATION. ALLEGED DAMAGEUNSPECIFIED.


Alleged Damages:



Status:


Settlement Amount:



Denied

Disclosure 4 of 6

i



Allegations:







Allegations: CLIENT ALLEGES FA FAILED TO FOLLOW CLIENT'S INSTRUCTIONS TOWITHDRAW FUNDS FROM HIS TRUST ACCOUNT WHEN THOSE FUNDSWERE INSTEAD WITHDRAWN FROM CLIENT'S IRA ACCOUNT.

Product Type: Other

Other Product Type(s): NONE




Status:


Settlement Amount:



Denied



Allegations:

UBS PAINEWEBBER

CLIENT ALLEGES FA FAILED TO FOLLOW CLIENT'S INSTRUCTIONS TOWITHDRAW FUNDS FROM HIS TRUST ACCOUNT WHEN THOSE FUNDSWERE INSTEAD WITHDRAWN FROM CLIENT'S IRA ACCOUNT

Product Type: Other

Other Product Type(s): NONE




Status:




Denied







$0.00

Disclosure 5 of 6

i



Allegations:

UBS PAINEWEBBER INC

CLIENT ALLEGES THAT THE "VARIABLE ANNUITY PRODUCT" SHEPURCHASED IN JUNE 2000 WAS "UNSUITED TO HER NEEDS" AND THATSHE WAS NOT TOLD THAT THE "SEVEN PERCENT ANNUAL EARNINGS'GUARANTEE' WOULD BE REALIZED ONLY IF [SHE] DIED." DAMAGES AREUNSPECIFIED, BUT ARE ESTIMATED TO EXCEED $5000.





Status:


Settlement Amount:



Closed/No Action




No



Allegations:


CLIENT ALLEGES THAT THE "VARIABLE ANNUITY PRODUCT" SHEPURCHASED IN JUNE 2000 WAS "UNSUITED TO HER NEEDS" AND THATSHE WAS NOT TOLD THAT THE "SEVEN PERCENT ANNUAL EARNINGS'GUARANTEE' WOULD BE REALIZED ONLY IF [SHE] DIED." DAMAGES AREUNSPECIFIED, BUT ARE ESTIMATED TO EXCEED $5000.






Allegations:

PURCHASED IN JUNE 2000 WAS "UNSUITED TO HER NEEDS" AND THATSHE WAS NOT TOLD THAT THE "SEVEN PERCENT ANNUAL EARNINGS'GUARANTEE' WOULD BE REALIZED ONLY IF [SHE] DIED." DAMAGES AREUNSPECIFIED, BUT ARE ESTIMATED TO EXCEED $5000.


Alleged Damages:


Complaint Pending? Yes

Settlement Amount:



Disclosure 6 of 6

i



Allegations:

PAINEWEBBER

THE CLIENT ALLEGES THAT THE PAINEWEBBER IEINFORMED HIM OF A GUARANTEE ON THE GOLDEN SELECT ANNUITYWHICHTHE CLIENT ALLEGES IS MATERIALLY DIFFERENT THAN THE ACTUALGUARANTEE OF THE ANNUITY. ALLEGED DAMAGES ARE $149,394.03DURING THE TIME PERIOD OF 1996.

Product Type:




Status:


Settlement Amount:



Denied







Summary: PAINEWEBBER DENIED THE CLAIM.I DID NOT INCORRECTLY DESCRIBE THE INVESTMENT INQUESTION. THE CLIENT HAS EITHER CHANGED HIS MIND ABOUT THEINVESTMENT OR MISUNDERSTOOD THE ACCURATE INFORMATION HEWASGIVEN.






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 4



Allegations:


CLAIMANT ALLEGES UNSUITABLE TRANSACTIONS RECOMMENDED ANDMISREPRESENTAION

Product Type: Other: SECURITIES-COMMONWEALTH FUND VI & BEHRINGER HARVARDREIT 1




Settlement Amount:






Yes


FINRA



04/05/2013








Allegations:


ALLEGED UNSUITABLE TRANSACTIONS AND MISREPRESENTATION

Product Type: Other: COMMONWEALTH & BEHRINGER




Settlement Amount:






Yes


FINRA



04/05/2013

Disclosure 2 of 4

i



Allegations:

WEDBUSH SECURTIES INC.

UNSUITABLE TRANSACTIONS RECOMMENDED AND MISREPRESENTED BYTHE FINANCIAL ADVISOR



Is this an oral complaint?105©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.







Settlement Amount:






Yes


FINRA



03/19/2013



Allegations:


ALLEED UNSUITABILITY TRANSACTIONS AND MISREPRESENTATION






Yes


FINRA



03/19/2013106©2013 FINRA. All rights reserved. Report# 30940-24132 about BAMBI I. HOLZER. Data current as of Wednesday, October 23, 2013.







Settlement Amount:




03/19/2013

Disclosure 3 of 4

i



Allegations:

DRP FILED IN ERROR

DRP FILED IN ERROR

Product Type: Other: ANNUITIES




Settlement Amount:


Summary: DRP FILED IN ERROR.



DRP FILED IN ERROR




No








Allegations:

DRP FILED IN ERROR

DRP FILED IN ERROR





Settlement Amount:


Summary: DRP FILED IN ERROR.



DRP FILED IN ERROR




No

Disclosure 4 of 4

i



Allegations:

WEDBUSH MORGAN SECURITIES, INC.

CUSTOMER ALLEGED MISHANDLING OF ACCOUNTS, NEGLIGENCE,BREACH OF FIDUCIARY DUTY, AND BREACH OF CONTRACT

Product Type: Mutual Fund

$824,000.00









Settlement Amount:






Yes


FINRA



02/03/2010






Employment Separation After Allegations

This type of disclosure event involves a situation where the broker voluntarily resigned, was discharged or was permittedto resign after allegations were made that accused the broker of (1) violating investment-related statutes, regulations,rules or industry standards of conduct; (2) fraud or the wrongful taking of property; or (3) failure to supervise in connectionwith investment-related statutes, regulations, rules or industry standards of conduct.

Disclosure 1 of 1


Employer Name: UBS FINANCIAL SERVICES INC.

Termination Type: Permitted to Resign

Termination Date: 09/13/2001

Allegations: MS. HOLZER WAS PERMITTED TO RESIGN DUE TO PRACTICESINCONSISTANT WITH FIRM POLICY.


Other Product Types:


Employer Name: PAINEWEBBER

Termination Type: Permitted to Resign

Termination Date: 09/13/2001

Allegations: MR. HOLZER WAS PERMITTED TO RESIGN DUE TO PRACTICESINCONSISTANT WITH FIRM POLICY.


Other Product Types:

Summary: MR. HOLZER WAS PERMITTED TO RESIGN ON 9/13/01 DUE TO PRACTICESTHAT WERE INCONSISTANT WITH PAINEWEBBER POLICY.






Judgment/Lien

This type of disclosure event involves an unsatisfied and outstanding judgments or liens against the broker.

Disclosure 1 of 1


Judgment/Lien Amount: $1,119,780.00

Judgment/Lien Holder: JANE ELLISON USHER

Judgment/Lien Type: Civil

Date Filed: 01/17/2012

Judgment/Lien Outstanding? Yes

Type of Court: State Court

Name of Court: STATE OF CALIFORNIA

Location of Court: LOS ANGELES, CALIFORNIA

Docket/Case #: BS135211






End of Report

This page is intentionally left blank.





Documents

BAMBI IRIS HOLZER - The Wall Street Journalonline.wsj.com/public/resources/documents/holzer102313.pdf · 18-09-2013 · BrokerCheck Report BAMBI IRIS HOLZER Report #30940-24132, data