BRAD ANTHONY FREITAS

BRAD ANTHONY FREITAS is currently employed as a Broker and/or Investment Adviser at BANKERS LIFE SECURITIES, INC. located at 475 KILVERT STREET, SUITE 210, WARWICK, RI, 02886.

BRAD ANTHONY FREITAS has worked at BANKERS LIFE SECURITIES, INC. since May 26, 2016

Disclosure History

BRAD ANTHONY FREITAS has 1 Disclosure Event(s).

Date: September 24, 2010
Category: Regulatory
Initiated By: RHODE ISLAND DEPARTMENT OF BUSINESS REGULATION - INSURANCE DIVISION
Allegations: THE RHODE ISLAND INSURANCE DIVISION ALLEGED THAT THE RESPONDENT, AS A PRODUCER/MANAGER OF BANKERS' LIFE & CASUALTY (BANKERS'), VIOLATED CERTAIN STATUES AND REGULATIONS OF RHODE ISLAND LAW RELATING TO, BUT NOT LIMITED TO, THE SUITABILITY AND MARKETING OF REPLACEMENT LIFE INSURANCE AND FIXED ANNUITIES. [(RI INSURANCE REGULATION 12 (SUITABILITY); RI INSURANCE REGULATION 29 (REPLACEMENT); RI GENERAL LAW ┬ž27-29-4 (MISREPRESENTATION)]
Resolution: Consent
Sanctions: CONSENT ORDER - SPECIFICATIONS: COOPERATION WITH REMEDIATION PROGRAM; COMMISSIONS/OVERRIDES TO BE CHARGED BACK WITH REGARD TO LIFE INSURANCE & ANNUITY SALES THAT ARE RESCINDED OR WHERE BANKERS' PAYS REFUNDS UNDER THE REMEDIATION PROGRAM; COMPLIANCE TO RI STATUTORY LAW AND INSURANCE REGULATIONS; CONFORMITY TO ALL BANKERS' LIFE & CASUALTY (BANKERS') MARKETING AND SALES PRACTICE POLICIES AND PROCEDURES; ON-GOING PARTICIPATION IN BANKERS' INTERNAL TRAINING PROGRAMS; COMPLIANCE TO THE CONSENT ORDER; NON-COMPLIANCE COULD RESULT IN FURTHER ADMINISTRATIVE PROCEEDINGS.
Broker Comment: CONSENT ORDER WAS ENTERED TO RESOLVE ALLEGATIONS ISSUED BY THE RHODE ISLAND INSURANCE DIVISION AGAINST THE RESPONDENT WITHOUT FURTHER ADMINISTRATIVE PROCEEDINGS. THE RESPONDENT DOES NOT ADMIT TO ANY OF THE VIOLATIONS ALLEGED BY THE RHODE ISLAND INSURANCE DIVISION NOR DOES THE RHODE ISLAND INSURANCE DIVISION WITHDRAW ANY OF ITS ALLEGATIONS. THE ALLEGATIONS DO NOT RELATE TO THE SALE OF PRODUCTS OTHER THAN LIFE INSURANCE AND FIXED ANNUITES MARKETED AND SOLD VIA BANKERS LIFE AND CASUALTY (BANKERS').

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