Brightscope MIke S. ALFRED accused of selling unsuitable securities

MICHAEL SHAUGHNESSY ALFRED

(MICHAEL S ALFRED,MIKE S. ALFRED)

CRD#: 4518953

Previously Registered Investment Adviser Visit SEC Site

Currently Not Registered

Disclosure

Customer Dispute

Settled

Allegations

ARBITRATION ALLEGES THAT THE PRODUCERS CAUSED THE CLAIMANTS TO BE APPLIED TO SECURITIES, POLICIES, ANNUITIES AND OTHER FINANCIAL INSTRUMENTS WHICH WERE UNSUITABLE, IRRESPONSIBLE, NOT REASONABLY NEEDED AND LACKING A STRATEGY FOR RISK MANAGEMENT.

Damage Amount Requested

$1,000,000.00

Settlement Amount

$135,000.00

Name

Location

04/21/2005 – 10/30/2007

MML INVESTORS SERVICES, INC. (CRD#:10409)

LA JOLLA, CA

11/04/2002 – 04/07/2005

AXA ADVISORS, LLC (CRD#:6627)

NEW YORK, NY

04/17/2002 – 07/29/2002

WOODBURY FINANCIAL SERVICES, INC. (CRD#:421)

OAKDALE, MN

Additional Information

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Investment Adviser

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Previously Registered

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Disclosures

Disclosures can be any customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and any civil or criminal proceedings that they were a part of.

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