DOUGLAS FRANCIS GUERIN is currently employed as a Broker and/or Investment Adviser at SOUTHEAST INVESTMENTS, N.C., INC. located at 104 Church St., #13, Burlington, VT, 05401.
DOUGLAS FRANCIS GUERIN has worked at SOUTHEAST INVESTMENTS, N.C., INC. since April 04, 2014
Disclosure History
DOUGLAS FRANCIS GUERIN has 3 Disclosure Event(s).
Date: February 01, 1995 Category: Customer Dispute Allegations: THE CUSTOMER THOUGHT HE HAD A PAIDUP POLICY. Damage Amount Requested: $18,730.83 Settlement Amount: $18,730.83 Broker Comment: I AM UNAWARE OF HOW MET LIFE HANDLED THECOMPLAINT.I DELIVERED THE POLICIES AT ISSUE AND TIME OFSALE AND REVIEWED THEM. EXPLAINED WAS THE FLEXIBLE PREMIUMS OFTHE POLICY AND VARIABLE INVESTMENT RETURN. I AGAIN WENT OVERTHAT WHEN I APPLIED FOR AND RECEIVED A NON-SMOKER RATE FOR[CUSTOMER] ALMOST A YEAR LATER. THE [CUSTOMERS]DEPOSITED AROUND FOURTIMES THE TARGETDEPOSIT WHICH DEPENDENT ON THE RETURNS WOULDDETERMINE WHEN ANY FURTHER DEPOSITS WOULD BE NECESSARY. THEYRECEIVED A PROSPECTUS AND HIS SON, [FAMILY MEMBER], WASPRESENT ON SEVERALOF THE APPOINTMENTS.
Date: September 19, 1994 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGED THAT MR. GUERINMISREPRESENTED THE SALE OF A VARIABLE UNIVERSAL LIFE INSURANCEPOLICY BY REPRESENTING THE POLICY AS A TAX FREE RETIREMENT PLANAND FAILED TO DISCLOSE CHARGES AND GUARANTEED THE RATE OFRETURN. Damage Amount Requested: $99,495.37 Settlement Amount: $99,495.37 Broker Comment: THE CUSTOMER REQUEST FOR A REFUND OF PREMIUMSPAID ON THE VARIABLE LIFE INSURANCE POLICIES WAS HONORED.[CUSTOMER] EACH PURCHASED VARIABLE LIFEINSURANCE POLICIES IN MAY OF 1993. THEY PAID THE MAXIMUMPREMIUM TO PREVENT THE POLICIES FROM BECOMING A MODIFIEDENDOWMENT. THE SECOND PREMIUM WAS PAID BEFORE THE ANNIVERSITYWHICH CREATED A MODIFIED ENDOWMENT. METLIFE STOPPED SENDINGSTATEMENTS TO AGENTS IN JAN. 1994 AND I DID NOT KNOW IT BECAMEA MEC. THE POLICY WAS DELIVERED AND ILLUSTRATIONS WERE GIVENAND EXPLAINED AT DELIVERY.
Date: July 11, 1994 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGED THAT MR. GUERIN DURING THESALE OF THEIR VARIABLE LIFE INSURANCE POLICY MISLED THEM BYMISREPRESENTING THE CASH BUILD UP AND PREMIUM COST ASSOCIATEDWITH THEIR POLICY. Damage Amount Requested: $51,250.00 Settlement Amount: $51,250.00 Broker Comment: THE CUSTOMERS REQUEST TO CANCEL THE VARIABLELIFE INSURANCE POLICY AND RETURN ALL PREMIUMS PAID WAS HONORED.IN JUNE OF 1993 THE POLICY WAS SOLD USING VARIOUSILLUSTRATIONS WITH 0%, 7%, 9%, AND 10% EXAMPLE OF RETURNS. IN1994 [CUSTOMER] WISHED TO CHANGE FROM OPTION B TO OPTION A.METLIFE WOULD NOT HONOR THAT CHANGE UNTIL SECOND ANNIVERSARYAND [CUSTOMER] DID NOT WANT THE POLICY. MY SECRETARY SENTMONTHLY REPORTS TO [CUSTOMER]. I DID NOT MISLEAD HIM.
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