When communicating online or investing with any professional, make sure you know who you’re dealing with. Imposters might link to sites like BrokerCheck from phishing or similar scam websites, or through social media , trying to steal your personal information or your money. Please contact FINRA with any concerns.
THE CUSTOMR ALLEGED THAT HIS AUTOMATIC BANK DRAFTS WERE INCORRECTLY BEING APPLIED TO A LIFE INSURANCE POLICY INSTEAD OF TO HIS SMITH BARNEY IRA ACCOUNT.
Damage Amount Requested
$6,000.00
Broker Comment
AFTER INVESTIGATION, PFS INVESTMENTS FOUND THE CUSTOMER'S ALLEGATIONS TO BE UNSUBSTANTIATED BECAUSE HE HAD RECEIVED NUMEROUS LETTERS FROM PRIMERICA LIFE INSURANCE COMPANY REGARDING THE LIFE INSURANCE POLICY THAT HE HAD APPLIED FOR AND WHICH HAD BEEN IN EFFECT SINCE 1993. THE CUSTOMER HAD ALSO RECEIVED NOTIFICATION FROM PFS INVESTMENTS THAT HIS BANK DRAFTS INTO HIS SMITH BARNEY IRA STOPPED IN NOVEMBER 1996 BECAUSE HIS BANK WOULD NOT HONOR THE DRAFTS.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.