DONNA JEAN HINES is currently employed as a Broker and/or Investment Adviser at CETERA ADVISORS LLC located at 775 CAMDEN AVE, WESTON, WV, 26452.
DONNA JEAN HINES has worked at CETERA ADVISORS LLC since October 18, 2013
Disclosure History
DONNA JEAN HINES has 3 Disclosure Event(s).
Date: December 28, 2015 Category: Customer Dispute Allegations: CLAIMANT ALLEGED MISREPRESENTATION, OMISSIONS, NEGLIGENCE, BREACHES RELATED TO THE RECEIPT OF VARIOUS ALTERNATIVE PRODUCTS FROM INHERITED ASSETS IN APPROXIMATELY 2011 ($340,000). Damage Amount Requested: $340,000.00 Settlement Amount: $100,000.00 Broker Comment: The alternative products were suitable and sold to my client over 10 years ago. The client passed away in 2011 and his children inherited the assets. Three of his daughters were not happy that the products were not liquid and each filed an arbitration four years after inheriting the investments. The client's allegations were meritless. This matter was settled for defense costs to avoid additional time, cost of litigation and expenses.
Date: December 24, 2015 Category: Customer Dispute Allegations: CLAIMANTS ALLEGED MISREPRESENTATION, OMISSIONS, NEGLIGENCE, BREACHES RELATED TO (1) THE RECEIPT OF VARIOUS ALTERNATIVE PRODUCTS INHERITED IN APPROXIMATELY 2011 FOR WIFE ($340,000); (2) 2006 - CLAIMANT HUSBAND PLACED APPROXIMATELY $170,000 IN IRA BROKERAGE ACCOUNT WHICH WAS SPENT DOWN BY APRIL 2011; (3) 2006/2007 CLAIMANT HUSBAND INVESTED $255,000 IN SUNAMERICA VA WITH LIVING BENEFITS IN WHICH CLIENT TOOK SYSTEMATIC WITHDRAWLS STARTING IN MAY 2011 AND THEN TOOK A LARGE WITHDRAWAL IN OCTOBER 2014 AND THEN SURRENDERED IT FULLY IN NOVEMBER 2014. Damage Amount Requested: $775,768.75 Settlement Amount: $100,000.00 Broker Comment: The alternative products were suitable and sold to my client over 10 years ago. The client passed away in 2011 and his children inherited the assets. Three of his daughters were not happy that the products were not liquid and each filed an arbitration four years after inheriting the investments. The client's allegations were meritless. This matter was settled for defense costs to avoid additional time, cost of litigation and expenses.
Date: December 21, 2015 Category: Customer Dispute Allegations: CLAIMANTS ALLEGED MISREPRESENTATION, OMISSIONS, NEGLIGENCE, BREACHES RELATED TO (1) THE RECEIPT OF VARIOUS ALTERNATIVE PRODUCTS FROM INHERITED ASSETS IN 2008 FOR HUSBAND ($150,000) AND AGAIN IN APPROXIMATELY 2011 FOR WIFE ($340,000); (2) CLAIMANTS INVESTED $40,000 OF THEIR OWN MONIES INTO INLAND AMERICAN IN 2008; (3) JULY 2006 - CLAIMANT HUSBAND OPENED IRA WITH APPROXIMATELY $240,000 IN CASH AND $200,000 OF IT WENT TO PURCHASE A SUNAMERICA VA WITH LIVING BENEFITS. CLAIMANT SPENT DOWN THE REMAINING $40,000 BY JULY 2012. Damage Amount Requested: $777,255.35 Settlement Amount: $100,000.00 Broker Comment: The alternative products were suitable and sold to my client over 10 years ago. The client passed away in 2011 and his children inherited the assets. Three of his daughters were not happy that the products were not liquid and each filed an arbitration four years after inheriting the investments. The client's allegations were meritless. This matter was settled for defense costs to avoid additional time, cost of litigation and expenses.
More Information
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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