FLOYD LEE SHILANSKI is currently employed as a Broker and/or Investment Adviser at SUMMIT BROKERAGE SERVICES, INC. located at 431 WEST SEVENTH STREET, SUITE 100, ANCHORAGE, AK, 99501.
FLOYD LEE SHILANSKI has worked at SUMMIT BROKERAGE SERVICES, INC. since June 06, 2001
Disclosure History
FLOYD LEE SHILANSKI has 6 Disclosure Event(s).
Date: April 05, 2004 Category: Customer Dispute Allegations: CLIENT ALLEGES VUL POLICY WAS MISREPRESENTED TO HIM AT THE TIME OF PUCHASE THAT HE DIDN'T KNOW THERE WOULD BE A SURRENDER CHARGE. ISSUE DATE OF POLICY WAS APRIL 26, 2000 Damage Amount Requested: $28,000.00 Broker Comment: THE CLIENT RECEIVED A PROSPECTUS, REVIEWED AND RECEIVED A NON-GUARANTEED ILLUSTRATIVE PROPOSAL. HE ACCEPTED DELIVERY OF THE VARIABLE UNIVERSAL LIFE INSURANCE POLICY. IF UPON DELIVERY OF THE LIFE INSURANCE POLICY, IT WAS NOT ACCEPTABLE, HE COULD HAVE BEEN RETURNED IT WITHIN THE "RIGHT TO EXAMINE" PERIOD WITHOUT OBLIGATION. THIS WAS EXPLAINED TO THE CLIENT UPON DELIVERY. OVER THE PAST YEARS, HE HAS CONTINUED TO PAY MONTHLY PREMIUMS THROUGH MARCH OF 2003 AND MADE CHANGES TO THE POLICY. THE CLIENT RECEIVED INFORMATION CONCERNING THE COSTS AND CHARGES, AS WELL AS RECEIVED VARIOUS SUMMARIES AND STATEMENTS FROM THE INSURANCE COMPANY. HE COMMUNICATED ON SEVERAL OCCASIONS DIRECTLY WITH THE INSURANCE COMPANY TO OBTAIN COST OF INSURANCE INFORMATION.THE CLIENT WAS FULLY AWARE THAT HE HAD PURCHASED A VARIABLE UNIVERSAL LIFE INSURANCE POLICY FOR LIFE BENEFITS AND RETIREMENT NEEDS. FULL DISCLOSURES OF THE POLICY COSTS CHARGES, FEES AND SURRENDER PENALTY WERE PROVIDED BY MEANS OF THE PROSPECTUS, ILLUSTRATION AND THE LIFE INSURANCE CONTRACT ITSELF. THIS IS NOT ONLY REFLECTED IN OUR RECORDS BUT ALSO THE RECORDS MAINTAINED BY THE INSURANCE COMPANY HOME OFFICE AND NUMEROUS MAILINGS TO THE CLIENT
Date: February 06, 1998 Category: Regulatory
Date: October 12, 1997 Category: Regulatory
Date: April 08, 1997 Category: Regulatory
Date: March 10, 1997 Category: Employment Separation After Allegations Firm Name: TITAN VALUE EQUITIES Termination Type: Discharged Allegations: N/A1) ENGAGING IN REAL ESTATE ACTIVITIES THATMAY BE DEEMED PUT TRANSACTIONS 2) ACCEPTING CLIENT MONIES WITHPERSONAL MOINES TO INVEST IN PUT TRANSACTIONS 3) MAKING LOANSTO CLIENTS 4) ENGAGING IN VARIOUS ACTIVITIES IN VIOLATIONS OFCOMPANY POLICY. Broker Comment: TERMINATION DISCHARGEDNot Provided
Date: December 09, 1981 Category: Regulatory Initiated By: STATE OF ALSAKA-SECURITIES DEPARTMENT Allegations: OFFERING SECURITIES WITHOUT LICENSES ANDWITHOUT A BROKER/DEALER Resolution: Decision SanctionDetails: Sanctions: Cease and Desist/Injunction Sanction Details: I WAS TO REGISTER AND COMPLY, WHICH I DID ANDTHE CEASE AND DESIST WAS LIFTED AND NO FINE WAS IMPOSED. Broker Comment: IN 1981 THE STATE OF ALASKA PLACED A CEASE ANDDESIST ORDER ON ME. THE ORDER WAS TO CEASE OFFERING SECURITIESWITHOUT A LICENSE, AND ALSO BECAUSE I DID NOT HAVE ABROKER/DEALER AT THE TIME. THE SETTLEMENT WAS TO REGISTER ANDCOMPLY IN WHICH I DID. THE CEASE AND DESIST ORDER WAS LIFTEDAND NO FINE WAS IMPOSED. WE HAVE HAD NO FURTHER PROBLEMS WITHTHE STATE
More Information
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