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 CUSTOMER ALLEGES THAT THE WITHDRAWAL FEATURES OF THE VARIABLE ANNUITY SHE PURCHASED IN MARCH 2006 WERE NOT CLEARLY EXPLAINED AND IT WAS NOT DISCLOSED THAT ADDING A PROTECTION RIDER WOULD LIMIT LIQUIDATIONS.
Damage Amount Requested
$10,484.04
Settlement Amount
$8,990.08
Broker Comment
ALTHOUGH THE COMPANY DETERMINED THAT MR. LEAHY WAS NOT AT FAULT AND THE CUSTOMER'S ALLEGATIONS WERE NOT SUBSTANTIATED, AN OFFER OF SETTLEMENT WAS MADE IN THE INTEREST OF GOOD CUSTOMER RELATIONS.
5/22/2008
Customer Dispute
Denied
Allegations
WITH REGARD TO THE PURCHASE OF A VARIABLE ANNUITY POLICY IN OR AROUND JULY OF 2007, THE CUSTOMER ALLEGES THAT THE RR NEVER DISCLOSED THE POTENTIAL TAX CONSEQUENCES, SURRENDER FEES AND HIGH COMMISSIONS THAT WENT ALONG WITH THE POLICY.
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.