DANIEL ANDREW CVERCKO

DANIEL ANDREW CVERCKO is currently employed as a Broker and/or Investment Adviser at CETERA INVESTMENT SERVICES LLC located at 2 SOUTH BROAD STREET, CANFIELD, OH, 44405.

DANIEL ANDREW CVERCKO has worked at CETERA INVESTMENT SERVICES LLC since June 28, 2001

Disclosure History

DANIEL ANDREW CVERCKO has 1 Disclosure Event(s).

Date: December 01, 2008
Category: Customer Dispute
Allegations: CLIENT ALLEGING UNSUITABILITY, THAT RIDER WAS CANCELLED BECAUSE OF HIS RMD WITHDRAWAL, AND THAT THE INCOME RIDER WAS PRESENTED AS 7% ANNUAL GROWTH ON THE CONTRACT VALUE.
Damage Amount Requested: $56,044.46
Settlement Amount: $65,000.00
Broker Comment: ALLEGATIONS DENIED. PRODUCT MET CLIENT'S STATED SUITABILITY GOALS; RMD DID NOT CANCEL INCOME RIDER BUT DID CANCEL ANNUAL 7% SIMPLE INTEREST FEATURE IN THE RIDER; AND REP DISCLOSED TO HIM DURING MEETING THAT INTEREST WAS ON INCOME BASE, NOT CONTRACT VALUE. PRIMEVEST PORTION OF THE SETTLEMENT WAS $32,500.00

More Information

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