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.
Customer alleges that the RR has not repaid an undisclosed amount of monies she gave her on or about July 2008 after the loss of the RR commissions on the sale of two annuities (one variable and one fixed) after the customer's premium checks were returned for insufficient funds.
Broker Comment
I have never taken money from this client or any other client.
9/2/2009
Customer Dispute
Settled
Allegations
WITH REGARD TO THE PURCHASE OF A VARIABLE ANNUITY POLICY IN OR AROUND JULY OF 2007, THE CUSTOMER ALLEGES THAT HE WAS UNAWARE OF THE FEES AND PENALTIES AND THAT HE WAS SOLD A POLICY THAT WAS INAPPROPRIATE FOR HIS LIFE.
Damage Amount Requested
$14,000.00
Settlement Amount
$10,212.55
Broker Comment
IN THE INTEREST OF GOOD CUSTOMER RELATIONS, THE COMPANY REFUNDED THE SURRENDER CHARGES PREVIOUSLY INCURRED AND WAIVED THE FULL SURRENDER CHARGES OF THE CONTRACT.
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.