Florida Office of Financial Regulation

Conducted investment advisory business from a location within this state without the benefit of lawful registration.

Order

Cease and Desist

Civil and Administrative Penalty(ies)/Fine(s)

$11,875.00

$47,341.96

Tax

FORMER CLIENT MADE A CLAIM THAT JOHN JANSEN GAVE IMPROPER ADVICE BY PLACING THE CLIENT INTO UNSUITABLE ANNUITY INVESTMENTS IN A GUARDIANSHIP ACCOUNT FOR A MINOR. THE CLIENT CLAIMED FUNDS WERE NOT AVAILABLE FOR MAINTENANCE WITHOUT PENALTY.

$45,946.81

$17,882.09

COMMONNWEALTH OF VIRGINIA STATE CORPORATION COMMISSION BUREAU OF INSURANCE

VIOLATION OF RULES PERTAINING TO REPLACEMENT OF LIFE INSURANCE POLICIES

Settled

Monetary/Fine

$500.00

Cease and Desist/Injunction

TOTAL AMOUNT PAID WAS $500.00 ON THE SETTLEMENT DATE OF 10/03/2002. NONE OF THE SETTLEMENT WAS WAIVERED.

THE BUREAU OF INSURANCE RECOMMENDED A FAVORABLE DISPOSTION OF THIS MATTER. I HAVE TAKEN THE NECESSARY STEPS TO CORRECT MY ACTIONS GOING FORWARD.

[CUSTOMER] CLAIMED THAT I DID NOT GIVE HIM ANY WARNING THAT HIS INVESTMENT COULD DECREASE OR THAT $25,000 WAS ALL THAT WAS NECESSARY TO CONTINUE HIS INSURANCE POLICY

$25,000.00

$25,000.00

[CUSTOMER'S] INITIAL $25,000 DEPOSIT WAS REFUNDED. I EXPLAINED TO [CUSTOMER] THAT BASED ON THE ILLUSTRATION, $25,000 WAS ALL THAT WAS NEEDED FOR THE POLICY. I FURTHER STATED THAT RETURNS ARE NOT GUARANTEED AND THAT THERE WAS THE OPPORTUNITY TO LOSE PRINCIPAL. I BACKED UP MY STATEMENTS BY THOROUGHLY EXPLAINING THE PROSPECTUS. THIS TRANSACTION OCCURRED CLOSE TO 3 YEARS AGO AND I AM ANSWERING THESE QUESTIONS TO THE BEST OF MY ABILITY