JEFFREY LEONARD ALLISON is currently employed as a Broker and/or Investment Adviser at MML INVESTORS SERVICES, LLC located at 501 WAMPANOAG TRAIL, SUITE 200, EAST PROVIDENCE, RI, 02915.
JEFFREY LEONARD ALLISON has worked at MML INVESTORS SERVICES, LLC since March 25, 2017
Disclosure History
JEFFREY LEONARD ALLISON has 4 Disclosure Event(s).
Date: September 23, 2008 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT DURING EACH OF THEIR LAST TWO ANNUAL REVIEWS WITH THE REPRESENTATIVE, THEY ASKED HIM TO REALLOCATE THE FUNDS IN THEIR VARIABLE ANNUITIES TO A MORE CONSERVATIVE APPROACH, BUT THIS WAS NOT DONE. NO SPECIFIC COMPENSATORY DAMAGES WERE ALLEGED. Settlement Amount: $11,000.00 Broker Comment: THE CASE WAS SETTLED WITHOUT THE FINDING OF ANY WRONGDOING ON MY PART. INDEED, I MAINTAIN THAT I DID NOTHING INCORRECT OR INAPPROPRIATE WITH RESPECT TO THE RECOMMENDATION OF THE ANNUITIES AND THAT THEY WERE SUITABLE. ULTIMATELY, A BUSINESS DECISION WAS MADE BY THE PARTIES INVOLVED, TO SETTLE THE DISPUTE IN ORDER TO BRING CLOSURE TO THE MATTER.
Date: September 15, 2008 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT WHEN HE PURCHASED A VARIABLE LIFE INSURANCE POLICY IN JULY 1994 THE REPRESENTATIVE FAILED TO ADVISE HIM THE COST OF MAINTAINING THE POLICY WOULD INCREASE WITH AGE. NO SPECIFIC COMPENSATORY DAMAGES WERE ALLEGED. Broker Comment: THIS COMPLAINT HAS BEEN SUBMITTED TO VERAVEST / ALLMERICA FINANCIAL ON THREE PREVIOUS OCCASIONS AND WAS PART OF A CLASS ACTION SUIT. EACH TIME THE COMPLAINT WAS SUBMITTED IT WAS REVIEWED AND FOUND TO BE WITHOUT MERIT AND THE CLIENT OPTED NOT TO APPLY FOR ANY INDIVIDUAL CLASS ACTION RELIEF.
Date: October 10, 2002 Category: Customer Dispute Allegations: 401K ROLLOVER TO A VARIABLE ANNUITY WITH 80% EQUITY & 20% BOND ALLOCATION. ON 10/00, ALLOCATION WAS CHANGED WITH CLIENT APPROVAL TP 100% EQUITIES. ON 9/02, CLIENT MOVED 100% OF THE ASSETS TO A FIXED INTEREST ACCOUNT. CLIENT ALLEGES THAT MUTUAL FUNDS RATHER THAN A VA SHOULD HAVE BEEN RECOMMENDED AND THAT THE ALLOCATION SHOULD HAVE BEEN 60% STOCK FUNDS & 40% BOND FUNDS. Damage Amount Requested: $158,000.00 Damages Granted: $340,000.00 Broker Comment: INDIVIDUAL CONTRIBUTION AMOUNT TO BE PAID BY REPRESENTATIVE'S E&O CARRIER
Date: August 29, 2002 Category: Customer Dispute Allegations: CLIENT CLAIMED HE REQUESTED HIS 457 PLAN BE MOVED TO A FIXED INTEREST ACCOUNT (3/02), BUT ROLLOVER WENT INSTEAD TO VARIABLE INVESTMENT ACCOUNTS Damage Amount Requested: $10,000.00 Settlement Amount: $10,000.00
More Information
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