CURTIS R SHINN is currently employed as a Broker and/or Investment Adviser at PARK AVENUE SECURITIES LLC located at 2002 WHITE WILLOW WAY, MORGANTOWN, WV, 26505.
CURTIS R SHINN has worked at PARK AVENUE SECURITIES LLC since January 18, 2012
Disclosure History
CURTIS R SHINN has 9 Disclosure Event(s).
Date: October 12, 2016 Category: Customer Dispute Allegations: Plaintiff alleges that due to the registered representatives failure to properly implement an address change with respect to an AXA variable life insurance policy, premium notices were not received and therefore resulted in a lapse of the policy. Plaintiff also alleges that upon learning that the policy lapsed, the registered representative independently requested reinstatement without disclosing the lapse for non-payment to the trustees of the trust that owned the policy. Settlement Amount: $200,000.00 Broker Comment: Please note that the current and prior Firm are listed under Question 3, since alleged activities occurred at both. The Firm agreed to a settlement of $200,000.
Date: June 07, 2011 Category: Judgment / Lien Judgment/Lien Amount: $41,755.46 Judgment/Lien Type: Tax Broker Comment: INSTALLMENT PLAN IS BEING ESTABLISHED.
Date: July 26, 2010 Category: Employment Separation After Allegations Firm Name: AXA ADVISORS, LLC. Termination Type: Discharged Allegations: THE RR WAS TERMINATED WHILE UNDER INVESTIGATION. THE RR REFUSED TO PROVIDE HIS PERSONAL FINANCIAL RECORDS TO THE FIRM IN RESPONSE TO THE FIRM'S REQUEST.
Date: July 09, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES MISREPRESENTATION WHEN HER AGENT TRANSFERRED HER ASSETS INTO A VARIABLE ANNUITY CONTRACT WITHOUT FULLY DISCLOSING THE TERMS AND PROVISIONS OF THE CONTRACT TO HER. CLIENT ALLEGES THAT IF SHE HAD KNOWN THE AGENT TRANSFERRED THE ASSETS FROM HER PRIOR PLAN INTO THE ABOVE CONTRACT WITH HER EMPLOYER AS THE OWNER, SHE WOULD NOT HAVE SIGNED THE PAPERWORK. DAMAGES ARE UNSPECIFIED. Broker Comment: THE FIRM FOUND NO BASIS TO THE CUSTOMER'S COMPLAINT.
Date: February 05, 2008 Category: Criminal Charges: WORTHLESS CHECK Disposition: FINE $1.00 COURT COSTS $190.50 RESTITUTION $31.78 ABD BSC $7.00 2008 Broker Comment: NSF CHECK AT CHRISTMAS ACCOUNT STILL OPENED.
Date: October 20, 2004 Category: Customer Dispute Allegations: COUNSEL ALLEGES THAT, DURING THE SALE OF A 1990 VARIABLE LIFE INSURANCE POLICY, THE CUSTOMER WAS SHOWN ILLUSTRATIONS WHICH REFLECTED THAT HE WOULD ONLY HAVE TO PAY A CERTAIN AMOUNT OF PREMIUMS BEFORE THE POLICY WOULD EVENTUALLY PAY FOR ITSELF. COUNSEL ALSO ALLEGES THAT THE CUSTOMER WAS TOLD THE POLICY WAS LIKE AN INVESTMENT PLAN/RETIREMENT PLAN. DAMAGES ARE UNSPECIFIED. Settlement Amount: $7,165,000.00 Broker Comment: THIS MATTER WAS RESOLVED AS PART OF THE SETTLEMENT OF A NUMBER OF LAWSUITS, CLAIMS AND THREATENED CLAIMS BY POLICYHOLDERS AGAINST THE EMPLOYING FIRM AND/OR ITS AFFILIATES AND CERTAIN OF ITS CURRENT AND FORMER REPRESENTATIVES. NO SPECIFIC PORTION OF THE TOTAL SETTLEMNT WAS ALLOCATED BY THE PAYING DEFENDANTS TO RESOLVE SPECIFIC ALLEGED CLAIMS IN WHICH THE REGISTERED REPRESENTATIVE IS A NAMED PARTY. THE EMPLOYING FIRM BELIEVES THAT THE TOTAL SETTLEMENT AMOUNT EXCEEDS $10,000. THE EMPLOYING FIRM AND ITS REGISTERED REPRESENTATIVES EXPRESSLY DENY ANY WRONGDOING OR LIABILITY IN CONNECTION WITH THESE CLAIMS.
Date: April 21, 2003 Category: Customer Dispute Allegations: COMPLAINT ALLEGES BREACH OF FIDUCIARY DUTY, BREACH OF DUTY OF GOOD FAITH AND FAIR DEALING, BREACH OF CONTRACT, FRAUD, FRAUDULENT MISREPRESENTATION, CONCEALMENT, NEGLIGENCE AND CONVERSION IN THE SALE AND SERVICE OF A 1987 ISSUE VARIABLE LIFE INSURANCE POLICY. DAMAGES ARE UNSPECIFIED. Settlement Amount: $120,000.00 Broker Comment: EQUITABLE LIFE AGREED TO SETTLE THIS COMPLAINT FOR $120,000.00.
More Information
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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