DANIEL L ENGLISH is currently employed as a Broker and/or Investment Adviser at FORTUNE FINANCIAL SERVICES, INC. located at 5 BOW CREEK DRIVE, MOUNTAIN TOP, PA, 18707.
DANIEL L ENGLISH has worked at FORTUNE FINANCIAL SERVICES, INC. since March 17, 2014
Disclosure History
DANIEL L ENGLISH has 3 Disclosure Event(s).
Date: October 03, 2012 Category: Customer Dispute Allegations: THE CLIENT ALLEGES THE RECOMMENDATION TO USE A PORTION OF THE PROCEEDS OF A SURRENDERED VARIABLE ANNUITY TO PURCHASE A FIXED/INDEXED ANNUITY IN APRIL 2012 WAS POOR ADVICE. Broker Comment: THE FIRM'S INVESTIGATION FOUND NO EVIDENCE TO SUPPORT THE CLIENT'S ALLEGATIONS AND CONFIRMED THE CLIENT RECEIVED THE APPROPRIATE INFORMATION TO MAKE AN INFORMED DECISION.
Date: September 13, 2001 Category: Customer Dispute Allegations: ALLEGED MISREPRESENTATION REGARDING FUNDING OF A VARIABLE APPLICABLE LIFE INSURANCE CONTRACT. SPECIFICALLY THE ABBREVIATED PAYMENT PLAN. LUMP SUMS OF PREMIUMS FIRST POLICY YEAR AT CONSERVATIVE INTEREST RATES TO SATISFY ALL PREMIUMS. NOW ARE SAYING NOT ENOUGH PREMIUMS TO SATISFY POLICY. Damage Amount Requested: $45,213.60 Broker Comment: ALLEGED MISREPRESENTATION REGARDING FUNDING OF A VARIABLE APPLICABLE LIFE INSURANCE CONTRACT. SPECIFICALLY THE ABBREVIATED PAYMENT PLAN. LUMP SUMS OF PREMIUMS FIRST POLICY YEAR AT CONSERVATIVE INTEREST RATES TO SATISFY ALL PREMIUMS. NOW ARE SAYING NOT ENOUGH PREMIUMS TO SATISFY POLICY. CASE CLOSED NO ACTION
Date: October 11, 1996 Category: Customer Dispute Allegations: NOT SURE AS I DIDN`T RECEIVE DETAILS OFCOMPLAINT. SETTLED FOR OVER $5000. PER COORESPONDENCE FROMLSSI [THIRD PARTY]. I WAS NOT THE AGENT FOR THISCOMPLAINT!!! THE WRITING AGENT WAS [OTHER FIRM EMPLOYEE], PRUDENTIALAGENT FROM THE HAZLETON DISTRICT OFFICE. I DID REVIEW THISCASE WITH [OTHER FIRM EMPLOYEE] AND WAS PRESENT AT TIME OF APP AS A SALES MGR.DIVIDENDS AND LOANS WERE TO FUND A NEW LIFE INSURANCE POLICY AS [CUSTOMER] HAS A DISABLED SON AND PROCEEDS WERE TO BE USED FOR HIS SON'S CASE. [CUSTOMER] WAS AWARE BOTH DIVIDENDS AND LOANS WERE TO BE USED. HE DID NOT WANT TO FUND NEW POLICY OUT OF POCKET AS HE RECENTLY STARTED A NEW BUSINESS. WHEN NEW POLICY COULD ABBREVIATE, DIVIDEND FROM OLD POLICIES WERE TO PAY BACK LOANS. Settlement Amount: $12,860.65 Broker Comment: UNSURE - PRUDENTIAL SETTLED BUT I`M NOT SURE IFTHEY REFUNDED PREMIUMS OR GAVE A NEW POLICY. NO ACTION TAKENAGAINST ME, AS I WAS NOT THE WRITING AGENT. I WAS A SALESMANAGER WITH PRUDENTIALI WAS PRESENT AT THE TIME OF SALE. FROM MY BESTRECOLLECTION AS I DO NOT HAVE ANY OF [CUSTOMER'S] FILE TOREVIEW, FOLLOWS: [CUSTOMER] CONTACTED AGENT [OTHER FIRM EMPLOYEE] TOREVIEW HIS INSURANCE AS A MET AGENT WANTED TO CASH IN ALL HISPOLICIES AND LUMP SUM INTO A UL. [CUSTOMER] TOLD US THAT HEDID NEED ADD`L INSURANCE TO CARE FOR HIS WIFE AND HANDICAPPEDSON. WE ADVISED [CUSTOMER] TO USE DIVIDENDS AND LOANSANUALLY TO FUND AN ADDITIONAL POLICY INSTEAD OF CASHING IN ALLPOLICIES. WHEN NEW POLICY COULD ABBREVIATE THEN USE DIVIDENDSTO PAY BACK LOANS AND KEEP OLD POLICIES IN FORCE. [CUSTOMER]WAS AWARE & UNDERSTOOD THIS.
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