FREDERIC THOMAS OHARA is currently employed as a Broker and/or Investment Adviser at SAGEPOINT FINANCIAL, INC. located at 227 KINGSLEY ROAD, SUITE 24, BURNT HILLS, NY, 12027.
FREDERIC THOMAS OHARA has worked at SAGEPOINT FINANCIAL, INC. since September 16, 2010
FREDERIC THOMAS OHARA has 5 Disclosure Event(s).
Date: June 06, 2016 Category: Customer Dispute Allegations: The customers alleged that the benefits, fees and charges associated with their variable annuity investments were misrepresented. Damage Amount Requested: $80,000.00 Settlement Amount: $7,500.00
Date: June 07, 2010 Category: Customer Dispute Allegations: WITH REGARD TO A VARIABLE UNIVERSAL LIFE INSURANCE POLICY PURCHASED IN JULY 1995, THE CUSTOMER ALLEGES THAT HE WAS MISLED ABOUT THE ACTUAL COSTS OF THE POLICY. Damage Amount Requested: $32,914.76 Broker Comment: THE REP DOES NOT BELIEVE THAT HE DID ANYTHING WRONG OR MISLEAD HIM CONCERNING THE SALE OF THIS POLICY.
Date: December 08, 2008 Category: Customer Dispute Allegations: IN 2007 THE REPRESENTATIVE SOLD TWO VARIABLE ANNUITIES TO THE CLIENT, AND IT WAS THE CLIENTS INTENT TO HAVE RIDERS ON BOTH CONTRACTS. THE REPRESENTATIVE FAILED TO SELECT THE RIDER OPTION ON THE APPLICATION AND THE CLIENT VERBALLY COMPLAINED IN 2008 WHEN THE ERROR WAS NOTICED. Damage Amount Requested: $62,000.00 Settlement Amount: $62,000.00
Date: May 17, 2007 Category: Customer Dispute Allegations: VERBAL COMPLAINT THAT EVOLVED INTO WRITTEN 2007-05-17. ALLEGED DAMAGES ORIGINALLY ESTIMATED AT LESS THAN $5,000; CLIENT IS NOW ASKING FOR $25,000. CLIENT STATES THAT RR PROMISED PENALTY-FREE WITHDRAWALS OF EARNINGS FROM HIS VA. Damage Amount Requested: $25,000.00 Broker Comment: THE CLIENT IS NO LONGER SEEKING REMUNERATION FROM REPRESENTATIVE. THE CLIENT HAS SUBMITTED A MEDIATION REQUEST AGAINST THE FIRM.
Date: February 03, 2003 Category: Customer Dispute Allegations: WITH REGARD TO A VARIABLE LIFE INSURANCE POLICY PURCHASED IN 1999, THE CUSTOMER'S SON ALLEGES THAT THE CUSTOMERS RISK TOLERANCE AND THAT THE RISK ASSOCIATED WITH THE POLICY WAS NOT ADEQUATELY DISCLOSED AT THE TIME OF SALE. THE CUSTOMER'S SON FURTHER ALLEGES MR. O'HARA FALSELY STATED PREMIUMS WOULD BE PAYABLE FOR A SPECIFICED AMOUNT OF TIME. THE CUSTOMER'S SON REQUESTS A REVIEW OF THE MATTER. Damage Amount Requested: $65,295.06 Broker Comment: UPON REVIEW OF POLICY RECORDS AND DATA, NEW YORK LIFE DID NOT FIND SUFFICIENT EVIDENCE TO SUPPORT THE CUSTOMER'S CLAIMS. NO OFFER OF COMPENSATION HAS BEEN MADE TO THE CUSTOMER.
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