DAVID ANDREW BOND is currently employed as a Broker and/or Investment Adviser at WOODBURY FINANCIAL SERVICES, INC. located at 3069 UNIVERSITY DR #200, AUBURN HILLS, MI, 48326.
DAVID ANDREW BOND has worked at WOODBURY FINANCIAL SERVICES, INC. since January 24, 2011
DAVID ANDREW BOND has 2 Disclosure Event(s).
Date: June 23, 2010 Category: Customer Dispute Allegations: CLIENT ALLEGES HE REPLACED HIS EXISTING TERM LIFE INSURANCE POLICY WITH A NEW VARIABLE LIFE INSURANCE POLICY BASED ON THE AGENT'S REPRESENTATION THAT IT WOULD BE A TAX FREE (ON GROWTH) INVESTMENT VEHICLE TO FUND HIS SON'S COLLEGE EDUCATION. CLIENT FURTHER ALLEGES THIS INVESTMENT VEHICLE WAS AN INAPPROPRIATE AND MISREPRESENTED OPTION TO FUND HIS SON'S COLLEGE EDUCATION. CLIENT IS REQUESTING CANCELLATION OF THE POLICY AND A CASH DISBURSEMENT OF THE REMAINING ACCOUNT FUNDS. Settlement Amount: $20,369.52 Broker Comment: ALTHOUGH THE FIRM FOUND NO BASIS TO THE CUSTOMER'S COMPLAINT THE FIRM SETTLED THE MATTER IN THE INTEREST OF GOOD CLIENT RELATIONS. AXA-EQUITABLE AGREED TO CANCEL THE POLICY AND REFUND THE PREMIUMS PAID. LOSS TO FIRM: $20,369.52.
Date: January 08, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGES HE PURCHASED A VARIABLE LIFE INSURANCE POLICY BASED ON THE AGENT'S REPRESENTATION THAT THE MONEY INVESTED WOULD NOT ONLY COVER THE PREMIUMS BUT WOULD ALSO GROW IN VALUE. CLIENT ALLEGES IN OCTOBER 2007 HE RECEIVED A STATEMENT FROM AXA NOTING THAT HIS POLICY HAD TERMINATED DUE TO LACK OF FUNDS. CLIENT IS REQUESTING THE FIRM TO INVESTIGATE THIS MATTER. DAMAGES ARE UNSPECIFIED. Broker Comment: THE FIRM FOUND NO BASIS TO THE CUSTOMER'S COMPLAINT.
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