JAMES ALLEN JACOBS

JAMES ALLEN JACOBS is currently employed as a Broker and/or Investment Adviser at AXA ADVISORS, LLC located at 10108 KRAUSE RD., SUITE 201, CHESTERFIELD, VA, 23832.

JAMES ALLEN JACOBS has worked at AXA ADVISORS, LLC since October 20, 1980

Disclosure History

JAMES ALLEN JACOBS has 5 Disclosure Event(s).

Date: October 21, 2016
Category: Customer Dispute
Allegations: Client alleges she was not properly informed of the fees and charges associated with the variable annuity when it was purchased in August 2016.
Broker Comment: In the interest of good client relations, the Firm agreed to settle the matter. There was no loss to Firm. RR Jacobs' errors and omissions carrier did not contribute to the settlement.

Date: March 14, 2013
Category: Customer Dispute
Allegations: CLIENT ALLEGES MISREPRESENTATION IN THE SALE OF A 2012 VARIABLE LIFE INSURANCE POLICY. CLIENT IS REQUESTING THE FIRM TO CANCEL THE POLICY AND REFUND ALL PREMIUMS PAID. DAMAGES UNSPECIFIED.
Broker Comment: THE FIRM FOUND NO BASIS TO THE CUSTOMER COMPLAINT.

Date: November 04, 2009
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES AGENT REPRESENTED THAT THE POLICY PREMIUMS ON VARIABLE AND TRADITIONAL LIFE INSURANCE POLICIES WOULD BE MAINTAINED BY THE DIVIDENDS, BUT THE AGENT FAILED TO ADVISE THE CUSTOMER THAT IF THE POLICIES FAILED TO PRODUCE THE DIVIDENDS REPRESENTED, HE COULD LOSE THE POLICIES AND THE PREMIUMS PAID. AS A RESULT OF THE AGENT'S FAILURE TO ADVISE, THE CUSTOMER SUSTAINED DAMAGES. DAMAGES UNSPECIFIED.
Broker Comment: THE FIRM REFERRED THE MATTER TO THE AGENT'S E&O CARRIER AND THEY CLOSED THEIR CASE AS NO BASIS.

Date: November 16, 1998
Category: Customer Dispute
Allegations: CLIENT ALLEGES I DID NOT DISCLOSE THE TOTAL FEES TO BE PAID DURING THE PURCHASE OF A 1998 ISSUE VARIABLE LIFE INSURANCE POLICY. CLIENT REQUESTED THE REIMBURSEMENT OF HIDDEN CHARGES AND ALL PREMIUMS PAID, BUT DID NOT SPECIFY ANYAMOUNT OF DAMAGES. I AM AN AGENT OF EQUITBLE LIFE.
Broker Comment: EQUITABLE FOUND NO BASIS TO THE CUSTOMER COMPLAINT.

Date: March 18, 1997
Category: Customer Dispute
Allegations: THE [CUSTOMERS] ALLEGE THAT I MISREPRESENTED BOTH THE LIMITED PARTNERSHIP AND THE MUTUAL FUND DURING THE SALES PRESENTATION AND THAT BOTH INVESTMENTS WERE UNSUITABLE TO THEIR INVESTMENT OBJECTIVES. DAMAGES ARE ALLEGED TO BE APPROXIMATELY $80,000.00. I WAS EMPLOYED BY EQUITABLE LIFE AND EQUICO SECURITIES, INC AT THE TIME OF SALE.
Damage Amount Requested: $80,000.00
Settlement Amount: $55,000.00
Broker Comment: PARTIES SETTLED THROUGH MEDIATION. IN FULL SETTLEMENT OF ANY AND ALL CLAIMS AGAINST THE PARTIES, THE [CUSTOMER] RECEIVED THE SUM OF $55,000.00. OF THAT AMOUNT, MY ERRORS AND OMISSIONS CARRIED PAID $50,000.00 ON MY BEHALF. EQ FINANCIAL CONSULTANTS CONTRIBUTED $5,000.00. SETTLEMENT WAS MADE WITHOUT THE ADMISSION OF ANY LIABLITY ON THE PART OF EITHER EQ FINANCIAL CONSULTANTS, INC. OR MYSELF.

More Information

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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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