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FINRA Broker Allegations

Allegations against: David Ross Searcy

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Customer invested a substantial amount in the pilgrim u.s. Adjustable government trust on november 19, 1992. the fund has since experienced a significant decline in nav and the customer does not believe she was kept adequately informed of the funds performance. The fund was liquidated on april 25, 1996.

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