FRANCIS JUSTIN PATRIARCA

FRANCIS JUSTIN PATRIARCA is currently employed as a Broker and/or Investment Adviser at THE INVESTMENT CENTER, INC. located at 714B SOUTHBRIDGE STREET, AUBURN, MA, 01501.

FRANCIS JUSTIN PATRIARCA has worked at THE INVESTMENT CENTER, INC. since April 08, 2016

Disclosure History

FRANCIS JUSTIN PATRIARCA has 2 Disclosure Event(s).

Date: July 08, 2004
Category: Customer Dispute
Allegations: IN APRIL 2000, CUSTOMER TRANSFERRED A WHOLE LIFE POLICY FROM PURDENTIAL INTO A VARIABLE UNIVERSAL LIFE POLICY WITH WESTERN RESERVE LIFE ASSURNACE CO. OF OHIO (WRL). THE CUSTOMER NOW ALLEGES THE FOLLOWING MISREPRESENTATIONS; THAT THE REGISTERED REPRESENTATIVE SUPPLIED FALSE DOCUMENTS TO WRL; THAT SHE, THE CUSTOMER DID NOT RECEIVE A FINAL POLICY FROM THE REPRESENTATIVE OR WRL; AND SHE HAS LOST ONE THIRD OF HER INVESTMENT SINCE THE TRANSFER (ACCORDING TO HER REPRESENTATIVE SHE WOULD NEVER HAVE TO PAY AND HER MONEY WOULD MOST LIKELY GROW).
Damage Amount Requested: $7,807.05
Broker Comment: COMPLAINT DENIED

Date: March 03, 2003
Category: Customer Dispute
Allegations: REGARDING MUTUAL FUNDS PURCHASED IN APRIL 2000, A VARIABLE ANNUITY PURCHASED IN MAY 2000, AND VARIABLE UNIVERSAL LIFE INSURANCE POLICY PURCHASED IN JUNE 2000, THE CUSTOMERS ALLEGE THE MUTUAL FUNDS WERE NOT INVESTED IN LOW-RISK FUNDS AS THE CUSTOMERS REQUESTED, THE VARIABLE ANNUITY WAS GUARANTEED NOT TO LOSE ANY PRINCIPAL, THE VARIABLE UNIVERSAL LIFE INSURANCE POLICY WOULD BE COMPLETELY PAID FOR WITH ONE PREMIUM.
Damage Amount Requested: $25,656.61
Broker Comment: A REVIEW OF THE CUSTOMER'S FILE, DOCUMENTED RECORDS AND INFORMATION PROVIDED BY THE REPRESENTATIVE INDICATE THE CUSTOMER WAS GIVEN THE INFORMATION WITH WHICH TO MAKE PURCHASE DECISIONS. COMPLAINT DENIED.

More Information

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