GREG JAMES SANSUM is currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH, INC. located at 1300 N FEDERAL HWY, STE 101, BOCA RATON, FL, 33432.
GREG JAMES SANSUM has worked at CAMBRIDGE INVESTMENT RESEARCH, INC. since November 01, 2013
GREG JAMES SANSUM has 2 Disclosure Event(s).
Date: December 06, 2007 Category: Customer Dispute Allegations: THE CLIENT ALLEGED SHE WAS NOT GIVEN OPTIONS FOR INVESTING HER ROLLOVER DOLLARS AND THAT THE VARIABLE ANNUITY SHE PURCHASED WAS NOT SUITABLE. ANNUITY PURCHASED IN DECEMBER 2006. Damage Amount Requested: $7,600.77 Broker Comment: THE FIRM COULD NOT SUBSTANCIATE THE CLIENT'S ALLEGATION THAT SHE WAS NOT PRESENTED WITH INVESTMENT OPTIONS. THE FIRM DID FIND THAT THE ANNUITY WAS SUITABLE FOR THE CLIENT AT TEH TIME OF SALE, HOWEVER THE RIDER ADDED ON TO THE ANNUITY MAY NOT HAVE BEEN IN THE CLIENT'S BEST INTEREST. THE FIRM OFFERED TO REIMBURSE THE EXPENSES ASSOCIATED WITH THE RIDER
Date: November 15, 2007 Category: Customer Dispute Allegations: CLIENT STATES THAT IN MAY OF 2007 MR. SANSUM HAD ADVISED HER TO REPLACE HER EXISTING ANNUITY CONTRACT AND LIFE INSURANCE POLICIES. CLIENT ALLEGES THAT MR. SANSUM MISREPRESENTED THE FEES AND EXPENSES OF THE NEW CONTRACTS AND THAT THE NEW CONTRACTS WERE UNSUITABLE FOR HER NEEDS. Damage Amount Requested: $11,000.00 Settlement Amount: $2,992.17 Broker Comment: FIRM DID NOT FIND ANY WRONGDOING ON THE PART OF THE REP FOLLOWING AN INVESTIGATION OF THE CUSTOMER'S ALLEGATIONS. HOWEVER, IN AN EFFORT TO MAINTAIN A GOOD RELATIONSHIP WITH THE CUSTOMER AND AS A PURELY ECONOMIC BUSINESS DECISION, THE FIRM AND REP DECIDED TO SETTLE THE MATTER WITH THE CUSTOMER IN EXCHANGE FOR A RELEASE OF ALL CLAIMS, WITHOUT ADMITTING WRONGDOING OR LIABILITY.
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