DOROTHY MARGARET MECHTENBERG is currently employed as a Broker and/or Investment Adviser at GENEOS WEALTH MANAGEMENT, INC. located at 8100 RALSTON ROAD, SUITE M-20, ARVADA, CO, 80002.
DOROTHY MARGARET MECHTENBERG has worked at GENEOS WEALTH MANAGEMENT, INC. since October 15, 2003
Disclosure History
DOROTHY MARGARET MECHTENBERG has 4 Disclosure Event(s).
Date: November 23, 2004 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT MS. MECHTENBERG MADE UNSUITABLE SUB-ACCOUNT RECOMMENDATIONS AND FAILED TO PROPERLY MONITOR THOSE SUB-ACCOUNTS FOR THE VARIABLE ANNUITY CUSTOMER PURCHASED THROUGH MS. MECHTENBERG Damage Amount Requested: $319,000.00 Damages Granted: $133,075.00 Broker Comment: I VEHEMENTLY DENY CUSTOMER'S ALLEGATIONS. THE SUB-ACCOUNT RECOMMENDATIONS FOR CUSTOMER PE WERE MADE AFTER CAREFUL ANALYSIS AND CONSULTATION WITH [CUSTOMER] BASED ON ALL INFORMATION PROVIDED TO ME AT THE TIME OF THE RECOMMENDATIONS.
Date: November 17, 2003 Category: Customer Dispute Allegations: CLIENT ALLEGES REPRESENTATIVE PLACED HER IN A HIGH RISK ACCOUNT 3-19-2001 WHEN A SAFECO SPINNAKER VA WAS PURCHASED CAUSING HER UNNECESSARY LOSSES. Damage Amount Requested: $18,057.00 Broker Comment: [CUSTOMER] OPENED AN IRA ACCOUNT WITH ME IN 2001 AND INVESTED $65,142.75. AT THE TIME SHE OPENED THE ACCOUNT, [CUSTOMER] REPRESENTED TO ME THAT HER TIME HORIZON FOR THE INVESTMENTS TO BE APPROXIMATELY 10 YEARS, WITH A MODERATE RISK TOLERANCE. IN JULY, 2002, [CUSTOMER] TOOK A $1000.00 DISTRIBUTION. I HAD SEVERAL CONVERSATIONS WITH [CUSTOMER] DURING THE MARKET DECLINE AND AT HER REQUEST, I TRANSFERRED THE BALANCES IN HER IRA INTO A FIXED ACCOUNT. IN JANUARY, 2003 [CUSTOMER] TOOK A DISTRIBUTION IN EXCESS OF $10,000.00. THE DECLINE IN VALUE IN [CUSTOMER'S] IRA CAN BE ATTRIBUTED TO THE DISTRIBUTIONS SHE TOOK, AS WELL AS THE DECLINE IN THE OVERALL MARKETPLACE.
Date: November 01, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGED THAT THE ACCOUNT WAS NOT SET UP CORRECTLY AS A RETIREMENT ACCOUNT AS HE REQUESTED, AND THAT THE MUTUAL FUND RECOMMENDED DID NOT MEET THE INVESTMENT OBJECTIVES HE INITIALLY DISCUSSED. Damage Amount Requested: $45,253.00 Settlement Amount: $42,500.00
Date: October 22, 2002 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT THE REGISTERED REPRESENTATIVE FAILED OR DELAYED EXECUTING A REQUEST TO MOVE 50% OF HER ASSETS FROM THE VARIABLE SUB ACCOUNTS TO A FIXED ACCOUNT. Damage Amount Requested: $10,600.00 Settlement Amount: $10,600.00
More Information
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