JEFFERY ALEXANDER WYLIE

JEFFERY ALEXANDER WYLIE is currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH, INC. located at 2211 Blue Water Bay Dr., Katy, TX, 77494.

JEFFERY ALEXANDER WYLIE has worked at CAMBRIDGE INVESTMENT RESEARCH, INC. since March 31, 2005

Disclosure History

JEFFERY ALEXANDER WYLIE has 1 Disclosure Event(s).

Date: December 10, 2007
Category: Customer Dispute
Allegations: CLIENT ALLEGES BETWEEN 1/1/2005 AND 12/3/2007 THAT PRODUCT DOES NOT FUNCTION AS ORIGINALLY PRESENTED. CLIENT CLAIMS THAT HE WAS NOT AWARE OF SURRENDER PENALTIES, THAT ACTUAL INTEREST EARNED WAS DIFFERENT THAN INTEREST RATES PRESENTED AT TIME OF SALE AND THAT REPRESENTATIVE DID NOT DISCLOSE ALL FACTS REGARDING THE EFFECTS OF WITHDRAWALS.
Damage Amount Requested: $10,993.00
Settlement Amount: $9,999.99
Broker Comment: SPONSOR COMPANY DENIED REQUEST TO ALLOW CLIENT TO LIQUIDATE POSITION WITHOUT SURRENDER CHARGERS BECAUSE THEY FOUND THAT PRODUCT WAS SUITABLE. AS A GOODWILL GESTURE, REP AND FIRM HAVE SETTLED COMPLAINT WITH CLIENT BY AGREEING TO REIMBURSE A PORTION OF THE SURRENDER CHARGES.

More Information

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