JAVIER ALEJANDRO VALLEJO

JAVIER ALEJANDRO VALLEJO is currently employed as a Broker and/or Investment Adviser at CETERA ADVISORS LLC located at 4340 VON KARMAN STE 200, NEWPORT BEACH, CA, 92660.

JAVIER ALEJANDRO VALLEJO has worked at CETERA ADVISORS LLC since October 03, 2016

Disclosure History

JAVIER ALEJANDRO VALLEJO has 4 Disclosure Event(s).

Date: January 22, 2009
Category: Customer Dispute
Allegations: THE CLIENTS ATTORNEY CONTACTED AMERIPRISE FINANCIAL SERVICES INC TO REVISIT THEIR PREVIOUS RESOLUTION AND SETTLEMENT OFFER. THE CLIENTS NO LONGER WISHED TO PURSUE THE TAX LIABILITIES ASSOCIATED WITH THE MUTUAL FUND SALES, HOWEVER, THE CLIENTS WISHED TO CANCEL THE ANNUITY PURCHASED (PURCHASE DATE OF MARCH 1, 2007) AND RECEIVE A REFUND OF THE PREMIUMS PAID.
Damage Amount Requested: $60,000.00
Settlement Amount: $42,428.82
Broker Comment: THE CLIENTS TOOK ACTION TO ACCEPT AMERIPRISE FINANCIAL SERVICES INC PREVIOUS OFFER ASSOCIATED WITH THE SUBSTANTIATED CLAIMS FO THE ANNUITY PURCHASE. THE CLIENTS NO LONGER WISHED TO PURSUE A REFUND OF THE TAX LIABILITIES ASSOCIATED WITH THE MUTUAL FUND SALES. AMERIPRISE FINANCIAL SERVICES INC CANCELLED THE ANNUITY PURCHASE AND RETURN THE PREMIUMS PAID.

Date: February 22, 2008
Category: Customer Dispute
Allegations: THE CLIENT ALLEGED THEY WERE NOT INFORMED OF THE SURRENDER CHARGE ASSOCIATED WITH THE VARIABLE ANNUITY PURCHASED ON 3/7/07, OR THE TERMINATION FEES FOR THEIR WRAP ACCOUNTS OPENED IN THE SPRING OF 2005.
Damage Amount Requested: $9,151.67
Broker Comment: THE REVIEW DETERMINED THE CLIENT SIGNED PAPERWORK ACKNOWLEDGING ALL FEES WHICH THEY WERE DISPUTING AND RECEIVED FULL DISCLOSURE OF ALL FEES AND CHARGES. CLIENT WAS ASSIGNED TO ME IN FIRST PART OF 2006. PREVIOUS ADVISOR OPENED WRAP ACCOUNT FOR [CUSTOMER] PREVIOUS TO ME TAKING OVER ACCOUNT. [CUSTOMER] AND [OTHER CUSTOMER NAMED] SIGNED ALL PROPER DOCUMENTATION AND PROSPECTUS FOR THE ANNUITY. ALL DOCUMENTATION AND POLICY DELIVERY SIGNATURE ARE IN CLIENT FILE WITH AMERIPRISE. [CUSTOMER] SPECIFICALLY MADE SURE THAT IT WAS NOT A 7 OR 10 YEAR ANNUITY. THAT IS WHY HE CHOOSE A 3 YEAR ANNUITY AND KNEW OF SURRENDER CHARGES. HE AND HIS WIFE ARE VERY FAMILIAR WITH ANNUITIES SINCE THEY HAVE A FEW WITH OTHER COMPANIES.

Date: January 28, 2008
Category: Customer Dispute
Allegations: THE CLIENTS ALLEGED ON 02/16/07 THEIR ADVISORS HAD THEM SIGN A ONE PAGE FORM STATING IT WOULD ALLOW THEM TO MANAGE THEIR MONEY. THE FORM WAS AN ANNUITY SIGNATURE PAGE AND AN ANNUITY WAS FUNDED FROM UNAUTHORIZED MUTUAL FUND SALES.
Damage Amount Requested: $8,200.00
Broker Comment: WE FOUND THE CLIENT'S CLAIMS TO BE FOUNDED, HOWEVER, AS THE CLIENTS HAD ASKED FOR COMPENSATION FOR THE TAX CONSEQUENCES OF THE NQ MUTUAL FUND SALES. WE REQUESTED THEIR 2007 STATE AND FEDERAL RETURNS. THE CLIENTS DO NOT PLAN TO FILE UNTIL OCTOBER 2008. WE REQUESTED THE CLIENTS PROVIDE THE TAX INFORMATION WHEN AVAILABLE, AND WOULD PREPARE OUR OFFER.

Date: January 03, 2008
Category: Customer Dispute
Allegations: CLIENT ALLEGES PURCHASE MADE IN APRIL 2007 WAS NOT AUTHORIZED.
Damage Amount Requested: $5,000.00
Broker Comment: THE FIRM FOUND THE CASE UNJUSTIFIED. THE CLIENT SIGNED ALL APPROPRIATE PAPERWORK AUTHORIZING THE INVESTMENT.

More Information

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