Eric Wayne Harding, of Scottsdale, Arizona, has been terminated from employment with United Planners Financial Services of America on October 6, 2016, based upon allegations that Harding had failed to abide by the policies of the firm concerning repayment of monies that were owed to the firm.
This is not the first time that Harding’s employment with a broker has been terminated based upon allegations of misconduct. Previously, on December 21, 2015, Harding was terminated based upon furnishing expense records to his firm which were not accurate.
FINRA Public Disclosure reveals that Harding’s conduct has been identified in ten customer arbitrations. Particularly, on June 14, 1999, a customer initiated investment related arbitration claim involving Harding’s conduct was settled for $20,000.00 in damages based upon allegations that Harding made unsuitable investment recommendations to the customer. On August 8, 2001, another customer initiated investment related action concerning Harding’s activities was resolved for $75,000.00 based upon the customer’s allegations that Harding, while employed with Merrill Lynch, made unsuitable investment recommendations.
On August 27, 2001, a customer arbitration concerning Harding’s actions was settled for $185,100.00 in damages based upon allegations of unsuitable investment recommendations. On March 5, 2002, a customer was awarded $57,500.00 in damages pursuant to a customer initiated investment related arbitration action, which was based upon allegations of breach of fiduciary duty, breach of contract, negligence, misrepresentation, fraud, violations of Securities Exchange Act of 1934 Section 20, and violations of Pennsylvania’s Unfair Trade Practices and Consumer Protection Law.
Further, on April 28, 2002, another customer investment related arbitration claim pertaining to Harding’s conduct was settled for $537,500.00 in damages based upon allegations that Harding churned the customer’s account, and effected unsuitable investment recommendations.
On June 14, 2002, a customer initiated investment related arbitration claim regarding Harding’s actions was settled for $110,000.00 in damages based upon allegations that Harding churned the customer’s account, abused margin, made investment recommendations which were not suitable, and made misrepresentations concerning investments. On November 11, 2002, a customer initiated investment related arbitration action concerning Harding’s activities was resolved for $22,500.00 based upon allegations that misrepresentations had been made by Harding regarding investment transactions.
Guiliano Law Group
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