JAMES GARLAND KENNEDY is currently employed as a Broker and/or Investment Adviser at WOODBURY FINANCIAL SERVICES, INC. located at 217 HOY RD STE A, MADISON, MS, 39110.
JAMES GARLAND KENNEDY has worked at WOODBURY FINANCIAL SERVICES, INC. since January 26, 2007
Disclosure History
JAMES GARLAND KENNEDY has 1 Disclosure Event(s).
Date: April 27, 2007 Category: Customer Dispute Allegations: CUSTOMER INCURRED A TAX LIABILITY BASED ON ADVICE FROM REG REP IN 7/06.CUSTOMER SOLD HARTFORD MUTUAL FUNF HOLDINGS & TRANSFERRED MONIES FROM A HARTFORD VARIABLE ANNUITY TO A HARTFORD FIXED ANNUITY.CUSTOMER TOOK CONSTRUCTIVE RECEIPT OF ANNUITY & MUTUAL FUND PROCEEDS & WROTE PERSONAL CHECK TO PURCHASE FIXED ANNUITY. CUSTOMER EXPECTED NON TAXABLE TRANSFER OF ANNUITY. IN 01/07 CUSTOMER RECEIVED 1099 FROM HARTFORD LIFE REPORTING ANNUITY LIQUIDATION AS ORDINARY INCOME. 03/21/07 CUSTOMER MADE REQUEST OF HARTFORD TO REMEDY TAXABLE EXCHANGE TO NON-TAXABLE EXCHANGE BY REQUESTING CORRECTED 1099R OR REQUESTING REIMBURSEMENT FOR TAX BURDEN OF "APPROX $8,000.00". CUSTOMER CITED REG REP WITH MISCOMMUNICATION OF TAXABLE/NON TAXABLE EVENT. Damage Amount Requested: $8,000.00 Broker Comment: ON 04/17/07 HARTFORD ISSUED CORRECTED NON TAXABLE 1099R TO CUSTOMER, WHICH SATISFIED CUSTOMER'S COMPLAINT. REPRESENTATIVE FULLY DISCLOSED ALL INFORMATION ON TRADES IN QUESTION & POTENTIAL FOR TAX LIABILITY.
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