DENNIS L MORIN

DENNIS L MORIN is currently employed as a Broker and/or Investment Adviser at COMMONWEALTH FINANCIAL NETWORK located at 281 HARTFORD TURNPIKE, SUITE 405, VERNON, CT, 06066.

DENNIS L MORIN has worked at COMMONWEALTH FINANCIAL NETWORK since July 17, 2006

Disclosure History

DENNIS L MORIN has 2 Disclosure Event(s).

Date: February 01, 2007
Category: Customer Dispute
Allegations: THE CLIENT ALLEGES SHE WAS UNAWARE OF FEES ASSOCIATED WITH HER INVESTMENT PURCHASED IN APRIL 2003.
Damage Amount Requested: $5,000.00
Broker Comment: MR. MORIN HAD ALL OF THE REQUIRED PAPERWORK ASSOCIATED WITH THE PURCHASE OF THE SUBJECT ANNUITY SIGNED AT TIME OF SALE. THE CLIENT RECEIVED AT LEAST SIX SERVICE MEETINGS OVER THE COURSE OF THREE YEARS AT WHICH THE ANNUITY WAS REVIEWED AND SHE WAS VERY AWARE OF THE SURRENDER CHARGES BECAUSE SHE RECEIVED A 2% UP FRONT BONUS AT THE TIME OF PURCHASE.

Date: February 18, 2002
Category: Customer Dispute
Allegations: THE CLIENTS' MAIN ALLEGATIONS DEALT WITH THE SUITABILITY AND DISCLOSURE SURROUNDING THEIR VARIABLE UNIVERSAL LIFE POLICIES. THEY ALSO QUESTIONED THE TAX IMPLICATIONS OF THE SURRENDER CHARGES THEY INCURRED. ADDITIONALLY, THEY CLAIMED THAT ALL OF THEIR MUTUAL FUND INVESTMENTS WERE NOT APPROPRIATE FOR THEM IN REGARDS TO SALES CHARGES. LASTLY, THE CLIENTS ALLEGED THERE WERE DELAYS IN FOLLOWING THROUGH WITH REQUESTED TRANSACTIONS.
Damage Amount Requested: $13,772.18
Settlement Amount: $2,234.99
Broker Comment: THE CLIENTS RECEIVED FULL DISCLOSURE ABOUT THE PRODUCTS THEY PURCHASED AND THE INVESTMENTS WERE SUITABLE. HOWEVER, DURING THIS INVESTIGATION, I HIRED AN ATTORNEY WHO CONTACTED THE CLIENTS AND TOLD THEM AEFA WAS PREPARED TO SETTLE IN THE AMOUNT OF $1000.00-$1500.00. THIS OFFER WAS NOT APPROVED BY THE FIRM. I RECEIVED A LETTER OF REPRIMAND FOR THIS VIOLATION OF COMPANY POLICY.

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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