In another case charging unsuitability, the complainant asked for $80,000 and got $42,500; Holland paid $15,000 of it.
In November 2004, Holland left Wachovia Securities. He had worked many years for Prudential Securities, which was purchased by Wachovia in 2003. There are rumors that Holland was fired, but he denies it, and his official record with the National Association of Securities Dealers has no indication of any terminations. However, Holland hints that he may have been pushed. "I am 67 years old. I do not always do things they would like," he says. "There is stuff pending that I can't talk about." Wachovia isn't talking.
Two years ago, a Roman Catholic lay missionary with a theology degree went into arbitration against a stock salesman with more than 125 customer complaints on his record. His insurance license had also been revoked in California for alleged misdeeds in selling annuities. The missionary, Masako Kimura Streling of Oceanside, said she had heard a radio program on KCEO 1000 by Anthony Amaradio, the broker with the questionable past. She visited him; she claims he said he could get her 25 percent annual returns by jumping in and out of the market. He denies saying that.
Streling didn't actually lose money under Amaradio, but she was put into high-risk mutual funds that were difficult to sell, according to the complaint. It was settled confidentially, according to the attorney on the case, Ronald A. Marron. Amaradio did not return a call for comment.
A spokesman for KCEO 1000 says it is standard practice for market commentators to pay for their air time on the station.