DANIEL THOMAS DUBOIS

DANIEL THOMAS DUBOIS is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 6165 GREENWICH DR, SUITE 240, SAN DIEGO, CA, 92122.

DANIEL THOMAS DUBOIS has worked at LPL FINANCIAL LLC since August 16, 2011

Disclosure History

DANIEL THOMAS DUBOIS has 4 Disclosure Event(s).

Date: May 22, 2007
Category: Customer Dispute
Allegations: GROUP ANNUITY 401K PLAN SOLD IN 2000. CUSTOMER MADE A REQUEST TO HAVE SURRENDER CHARGES WAIVED ON THE LIQUIDATION OF THEIR COMPANY 401K PLAN GROUP ANNUITY CONTRACT BASED ON THEIR ASSERTION THAT THEIR DIRECTOR OF FINANCE WHO SIGNED THE FEE DISCLOSURE FORMS WAS NOT AUTHORIZED BY LAMBESIS TO ACT AS THE PLAN TRUSTEE
Damage Amount Requested: $15,405.96
Broker Comment: CCLIENT CORPORATION LAMBESIS INC., WAS SOLD A GROUP VARIABLE ANNUITY 401K PLAN IN 2000 AT THE REQUEST OF LAMBESIS CEO. ALL DISCLOSURES RELATED TO FEES, COMMISSIONS AND PRODUCT DESIGN WERE SIGNED BY LAMBESIS' DIRECTOR OF FINANCE AT THE REQUEST OF LAMBESIS' PRESIDENT. LAMBESIS NOW SEEKS TO HAVE A WAIVER OF THE $15,405.96 SUURENDER FEE (TOTAL ACCT VALUE $1.3 MILLION) BASED ON THEIR ASSERTION THAT THEIR DIRECTOR OF FINANCE WHO IS ALSO THE BROTHER OF THE COMPANY PRESIDENT WAS NOT AUTHORIZED TO SIGN ALL OF THE DISCLOSURES CONTAINED IN OUR FILE AND ACT AS PLAN TRUSTEE. ROYAL ALLIANCE SHOWED AS EVIDENCE AGAINST THIS CLAIM COPIES OF THE SIGNED TRUSTEE CERTIFICATION FORMS THAT WERE EXECUTED BY LAMBESIS' DIRECTOR OF FINANCE AND PROPERLY MAINTAINED IN THE FILE WHICH CLEARLY DISPUTE THEIR CLAIM. CLAIM WAS DENIED.

Date: May 18, 2005
Category: Customer Dispute
Allegations: ALLEGES THAT REP SERVED AS THE "FRONT REPRESENTATIVE" ON A HARTFORD LIFE ANNUITY THAT WAS PURCHASED IN 1997.
Damage Amount Requested: $327,000.00
Settlement Amount: $5,000.00
Broker Comment: PER SECURITIES AMERICA, THIS CLAIM WAS SETTLED VIA SETTLEMENT AGREEMENT & RELEASE ENTERED INTO ON 4/3/06 BY AND AMONG SUE WESTERMAN AND SECURITIES AMERICA, INC.REP IS ONE OF ELEVEN RESPONDENTS TO THIS CLAIM OF EXCESSIVE TRANSACTIONS INVOLVING ANNUITY SWAPS. REP CONTENDS THAT HIS ONLY TIE TO THIS TRANSACTION IS THAT HE BECAME AGENT OF RECORD ON AN EXISTING ACCOUNT AFTER THE BRANCH MANAGER LEFT THE FIRM AND ALL OF HIS ACCOUNTS WERE TRANSFERRED TO RR AS THE NEW BRANCH MANAGER. NO TRANSACTIONS OCCURED WITH THIS CLIENT SINCE BECAME THE REP. ALL SUB-ACCOUNT ALLOCATIONS HAVE BEEN DIRECTED/MANAGED BY THE CLIENT. RR SUBMITTED TO BE REMOVED FROM THIS CLAIM THAT HAS NO BASIS.

Date: December 22, 2004
Category: Customer Dispute
Allegations: ALLEGE THAT AN INTERNAL EXCHANGE AT ANNUITY COMPANY IN 2000 HAD QUESTIONABLE BENEFITS AND THE SUBSEQUENT SUBACCOUNT ALLOCATIONS WERE "AGGRESSIVE".
Damage Amount Requested: $5,000.00

Date: November 10, 1987
Category: Regulatory

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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