DANIEL DOUGLAS VANHORN

DANIEL DOUGLAS VANHORN is currently employed as a Broker and/or Investment Adviser at PRUCO SECURITIES, LLC. located at 3200 NORTH CENTRAL AVENUE, SUITE 600, PHOENIX, AZ, 85012.

DANIEL DOUGLAS VANHORN has worked at PRUCO SECURITIES, LLC. since December 05, 1983

Disclosure History

DANIEL DOUGLAS VANHORN has 2 Disclosure Event(s).

Date: July 15, 2009
Category: Customer Dispute
Allegations: REGARDING THE 1987 PURCHASE OF VARIABLE APPRECIABLE LIFE INSURANCE POLICIES, THE CLIENT ALLEGED MISREPRESENTATION CONCERNING THE PURCHASE OF LIFE INSURANCE POLICIES AS RETIREMENT PLANS.
Broker Comment: THIS CONCERNS A POLICY INCLUDED IN THE CLASS OF POLICIES THAT WAS THE SUBJECT OF A NATIONWIDE CLASS ACTION SETTLEMENT IN WHICH PRUDENTIAL, ITS INSURANCE AFFILIATES AND PERSONNEL WERE RELEASED CONCERNING LIFE INSURANCE SALES PRACTICES. THE CLASS ACTION SETTLEMENT REMEDIATION PROCESSES FOR ADDRESSING CLAIMS FOR POLICIES INCLUDED IN THE CLASS HAVE CONCLUDED. BECAUSE THE COMPANY AND THE REPRESENTATIVE(S) WERE RELEASED FROM ANY FURTHER LIABILITY OR OBLIGATION WITH RESPECT TO CLAIMS LIKE THOSE MADE BY THE POLICYHOLDER, THE COMPANY IS NOT REVIEWING THIS INQUIRY AND IS MAKING NO FINDING OR FURTHER FILING REGARDING THIS INQUIRY.

Date: May 18, 1999
Category: Customer Dispute
Allegations: REGARDING THE 1998 PURCHASE OF TWO VARIABLE ANNUITIES, THE CLIENT ALLEGED MISREPRESENTATION CONCERNING GUARANTEED RETURNS. COMPENSATORY DAMAGES IN THE AMOUNT OF $12,000 WERE ALSO ALLEGED.
Damage Amount Requested: $12,000.00
Settlement Amount: $20,392.91
Broker Comment: THE COMPANY WILL CREDIT THE CLIENT'S PREVIOUS ANNUITY AS IF THE FUNDS WERE NEVER TRANSFERRED. FURTHERMORE, THE COMPANY WILL ADJUST THE OTHER ANNUITY PURCHASED IN 1998 AS IF THE ANNUITY FUNDS WERE PLACED INTO A FIXED INCOME ACCOUNT FROM THE INCEPTION OF THE ACCOUNT (ESTIMATED SETTLEMENT COST: $20,392.91). THIS MATTER IS BEING REPORTED CONSISTENT WITH NASDR RULES PERTAINING TO THE REPORTING OF CERTAIN CUSTOMER COMPLAINTS AND SETTLEMENTS OF $10,000 OR MORE. THE COMPANY BY THIS FILING MAKES NO ALLEGATIONS REGARDING THE ACTIONS OF THE REPRESENTATIVE.

More Information

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