DURBIN DON MCDERMOTT is currently employed as a Broker and/or Investment Adviser at SA STONE WEALTH MANAGEMENT INC. located at 2444 Highway 34, Suite D, Manasquan, NJ, 08736.
DURBIN DON MCDERMOTT has worked at SA STONE WEALTH MANAGEMENT INC. since September 12, 2014
Disclosure History
DURBIN DON MCDERMOTT has 2 Disclosure Event(s).
Date: November 14, 2008 Category: Customer Dispute Allegations: CURRENT INVESTMENT UNSUITABLE FOR AGE OF THE CLIENT
Date: March 15, 2005 Category: Customer Dispute Allegations: REPRESENTATIVE RECOMMENDED TO THE CLIENT TO PURCHASE VARIABLE ANNUITY PRODUCT WHEN SHE WAS 80 YEARS OLD. TO FUND THE PURCHASE THE REPRESENTATIVE CONVINCED THE CLIENT TO SELL HER CERTIFICATES OF DEPOSIT HELD AT HER BANK. REPRESENTATIVE CONVINCED THE CLIENT TO INVEST APPROXIMATELY $800,000.00 IN THE SUBJECT VARIABLE ANNUITY, OF WHICH SHE LOST $391,048.12. Damage Amount Requested: $391,048.12 Settlement Amount: $199,000.00 05-01309
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