Jaret Clinton Mutter of Roanoke Virginia a stockbroker currently employed by Cetera Advisor Networks LLC is the subject of a Special Supervision Order imposed by the Virginia State Corporation Commission based upon accusations of Mutter having been subject of several customer disputes. Case No. SEC-2018-00009 (Apr. 4, 2018).
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Mutter has been indeed been identified in seven customer initiated investment related disputes containing allegations of Mutter’s violative conduct during the period that he was registered with SunTrust Investment Services, Inc. Specifically, on November 19, 2014, a customer initiated investment related complaint regarding Mutter’s conduct was settled for $3,783.00 in damages supported by accusations that the customer’s funds had been invested in unit investment trust products without the customer’s consent and the customer’s instructions to invest in the money market were not followed.
On December 3, 2014, another customer initiated investment related complaint concerning Mutter’s activities was resolved for $14,000.00 in damages founded on allegations that the customer’s account had been mismanaged and the customer’s instructions had been disregarded. Additionally, on April 3, 2015, a customer initiated investment related complaint involving Mutter’s conduct was settled for $37,382.00 in damages supported by allegations that the customer’s investment in unit investment trusts had been induced by misrepresentations concerning the risk of the products.
On April 10, 2015, another customer initiated investment related complaint concerning Mutter’s activities was resolved for $4,838.00 in damages founded on accusations that investment risks and fees were not accurately explained to the customer and unsuitable transactions had been executed in the customer’s account. Further, on May 9, 2015, a customer filed an investment related complaint concerning Mutter’s conduct where the customer requested $26,233.00 in damages based upon accusations that unit investment trust transactions had been placed in the customer’s account which were not suitable for the customer.
Thereafter, Mutter was subject of a customer initiated investment related arbitration claim in which the customer was awarded $49,000.00 in damages based on Mutter being found liable on customers’ claims of suitability and misrepresentation in reference to securities purchased by the customer. FINRA Arbitration No. 15-01300 (Apr. 29, 2016).
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