CHARLIE RAY MEAGHER is currently employed as a Broker and/or Investment Adviser at KOVACK SECURITIES INC. located at 515 E. Crossville Rd., Ste 140, Roswell, GA, 30075.
CHARLIE RAY MEAGHER has worked at KOVACK SECURITIES INC. since October 06, 2014
CHARLIE RAY MEAGHER has 2 Disclosure Event(s).
Date: December 15, 2010 Category: Customer Dispute Allegations: THE CLIENTS PURCHASED A PRUDENTIAL POLICY IN FEBRUARY 2007. THE REPRESENTATIVE MARKETED THIS POLICY TO THE CLIENTS AS A TOOL TO GUARANTEE INCOME USING THE PRUDENTIAL HIGHEST DAILY LIFETIME 5 INCOME RIDER. THE POLICY WAS ISSUED WITHOUT THIS INCOME RIDER. THE CLIENTS HAVE COMPLAINED THAT THE VALUE OF THE POLICY HAS DROPPED DRAMATICALLY AS A RESULT. Damage Amount Requested: $38,500.00 Settlement Amount: $16,350.10 Broker Comment: THE REP HAD THE CLIENTS COMPLETE WHAT HE BELIEVED WAS THE CORRECT PAPERWORK TO HAVE THE RIDER ISSUED ON THE CONTRACT AND SUBMITTED IT TO PRUDENTIAL. THE SPECIFIC RIDER REQUESTED ON THE PRUDENTIAL APPLICATION IS NO LONGER OFFERED BY THE CARRIER. PRUDENTIAL WAS ABLE TO RETROACTIVELY ADD THE RIDER TO THE CONTRACT TO SETTLE THE MATTER.
Date: June 14, 2005 Category: Customer Dispute Allegations: REGARDING A 3/2000 PURCHASE OF A VARIABLE UNIVERAL LIFE POLICY, CLIENT ALLEGED IN A 5/2005 LETTER TO THE CARRIER THAT THEY RECEIVED POOR ADVICE ON THE TYPE OF POLICY THAT THEY BOUGHT AND ON THE INVESTMENT RECCOMENDATIONS. CLIENT ASKED FOR A WAIVER OF SURRENDER CHARGES FROM THE CARRIER. CO-AGENTS CHARLIE BUBBA MEAGHER AND LEM BARGERON DENIED THE CLIENT ALLEGATIONS BELIEVING IT WAS A GOOD SALE, IN GOOD FAITH, AT TIME OF INCEPTION. CARRIER INVESTIGATED THE CLAIM AND TOOK NO ACTION. CLIENT SURRENDERED THE POLICY ON 11/29/2005 AND WAS ASSESSED A SURRENDER CHARGE BY THE CARRIER OF $6349.85. Damage Amount Requested: $6,349.85
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