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Christine A Esperseth

Christine A Esperseth is currently employed as a Broker and/or Investment Adviser at EDWARD JONES located at 5660 24TH AVE NW, SEATTLE, WA, 98107.

Christine A Esperseth has worked at EDWARD JONES since October 28, 1997

Disclosure History

Christine A Esperseth has 2 Disclosure Event(s).

Date: September 05, 2006
Category: Customer Dispute
Allegations: THE SUCCESSOR TRUSTEE STATED SHE CONTACTED THE IR AFTER THE DEATH OF THE TRUSTEE AND GRANTOR OF THE FAMILY TRUST. THE TRUSTEE STATED SHE INFORMED THE IR SHE WANTED LIQUIDATE THE TRUST FOR DISTRIBUTION. THE TRUSTEE INDICATED SHE WAS INFORMED BY THE IR THERE WOULD BE A PENALTY ON THE CDS AND THERE WAS A SPECIAL PROCEDURE TO LIQUIDATE THEM AT PAR VALUE; SHE WAS INFORMED THIS COULD TAKE SEVERAL MONTHS. THE OTHER ASSETS WERE SOLD IN DEC. 2004. THE REMAINING SECURITIES WERE NOT LIQUIDATED UNTIL MAY 2006. THE CLIENT STATES SHE COMPLETED ALL DOCUMENTATION AND WAS NOT INFORMED OF THE REQUEST FOR A FULL COPY OF THE TRUST TO COMPLETE THE LIQUIDATION AT PAR VALUE. LOSSES EXCEED $5,000.
Damage Amount Requested: $5,000.00
Broker Comment: IN ORDER TO COMPLETE DEATH REDEMPTION ON SECURITIES HELD IN TRUST NAME, THE TRANSFER AGENT REQUIRES A FULL COPY OF THE TRUST. ACCORDING TO THE IR, THE BRANCH OFFICE ASSISTANT SENT A LETTER DATED AUGUST 25, 2005; THIS LETTER STATED THE TRUSTEE WOULD NEED TO COMPLETE THE LETTERS OF AUTHORIZATION TO REDEEM THE CDS AND THE FREDDIE NOTE.THE LETTER INSTRUCTED THE TRUSTEE TO SIGN THE LETTERS OF AUTHORIZATION AND RETURN THEM WITH A FULL COPY OF THE TRUST. IN ORDER TO COMPLETE A DEATH REDEMPTION, THE TRANSFER AGENT REQUIRES A FULL COPY OF THE TRUST. THE IR HAS STATED THAT IN ADDITION TO THE LETTER SENT ON AUGUST 25, 2005, FOLLOW UP PHONE CALLS WERE PLACED TO THE TRUSTEE. OUR RECORDS INDICATE WE RECEIVED THE SIGNED LETTERS OF AUTHORIZATION FOR THE DEATH REDEMPTIONS; THEY WERE SIGNED BY YOU AND DATED AUGUST 31, 2005. IT IS OUR UNDERSTANDING A FULL COPY OF THE TRUST WAS NOT RECEIVED BY THE BRANCH. THE TRUSTEE HAS BEEN RECEIVING STATEMENTS SINCE DEC. 04; THESE STATEMENTS REFLECTED THE SECURITIES WERE STILL HELD IN THE ACCOUNT UNTIL THE FULL LIQUIDATION WAS REQUESTED AT CURRENT MARKET VALUE IN MAY 06. THE TRUSTEE'S REQUEST FOR REIMBURSEMENT IS RESPECTFULLY DENIED.

Date: February 13, 1998
Category: Customer Dispute
Allegations: CUSTOMER CLAIMED THAT WHEN SHE TRANSFERREDHER ACCOUNT SHE WAS NOT ADVISED BY THE IR THAT THE FUNDS SHEHELD WOULD BE LIQUIDATED. SHE CLAIMED SHE WAS NOT AWARE OF ANDDID NOT AUTHORIZE A PURCHASE MADE IN HER ACCOUNT WITH THE SALESPROCEEDS. REQUESTS ASSISTANCE ON HOW TO RESOLVE THE SITUATION. (NO DAMAGES SPECIFIED).
Broker Comment: IR CLAIMED SHE DID ADVISE THE CUSTOMER OUR FIRMCOULD NOT HOLD THE CORPORATE FUNDS AND THEY WOULD HAVE TO TO BELIQUIDATED BEFORE THE TRANSFER. THE CUSTOMER THEN SIGNED ALIQUIDATED LETTER AFTER THE DISCUSSION. IR ALSO CLAIMED SHEADVISED THE FUND PURCHASED WITH THE PROCEEDS OF THE SALE PRIORTO THE PURCHASE BEING MADE. INDICATED THE CUSTOMER REQUESTEDSOME OF THE PROCEEDS BE HELD TO PAY EXPENSED. CLAIM DENIED.NOT PROVIDED

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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