JEFFREY ALAN GIELAU is currently employed as a Broker and/or Investment Adviser at FORTUNE FINANCIAL SERVICES, INC. located at 2582 N. SANTIAGO BLVD, SUITE A, ORANGE, CA, 92867.
JEFFREY ALAN GIELAU has worked at FORTUNE FINANCIAL SERVICES, INC. since May 18, 2012
Disclosure History
JEFFREY ALAN GIELAU has 9 Disclosure Event(s).
Date: June 10, 2013 Category: Regulatory Initiated By: CALIFORNIA DEPARTMENT OF INSURANCE Allegations: MR. GIELAU IMPROPERLY HAD HIS NON-LICENSED SALES ASSISTANT SIGN AS AGENT OF RECORD ON A VARIABLE ANNUITY FORM Resolution: Order SanctionDetails: Sanctions: Suspension SanctionDetails:Registration Capacities Affected: INSURANCE Duration: 5 DAYS Start Date: 7/15/2013 End Date: 7/19/2013 Broker Comment: CALIFORNIA DEPARTMENT OF INSURANCE SUSPENDED MR. GIELAU WITHOUT HEARING FOR A PERIOD OF 5 DAYS COMMENCING ON JULY 15, 2013 THROUGH JULY 19, 2013. MR. GIELAU REPORTED THIS SUSPENSION TO FORTUNE FINANCIAL ON MAY 13, 2015.
Date: December 03, 2012 Category: Regulatory
Date: February 17, 2012 Category: Employment Separation After Allegations Firm Name: FINANCIAL WEST GROUP Termination Type: Permitted to Resign Allegations: ALLOWED AN UNREGISTERED ASSISTANT TO SIGN AN INSURANCE DOCUMENT THOUGH THE ASSISTANT WAS NOT PROPERLY LICENSED TO DO SO.
Date: January 28, 2010 Category: Regulatory
Date: September 11, 2009 Category: Regulatory Initiated By: STATE OF INDIANA DEPARTMENT OF INSURANCE Allegations: MR GIELAU"S TERMINATION FROM THRIVENT FOR CAUSE AS DESCRIBED IN THE FINRA REGULATORY ACTION DRP Resolution: Order SanctionDetails: Sanctions: Civil and Administrative Penalty(ies)/Fine(s) SanctionDetails: Amount: $1,500.00 Broker Comment: REPRESENTATIVE WAS NOT REGISTERED WITH A BD AT THE TIME OF THE FINAL ORDER AND HAD BRAIN SURGERY BETWEEN THE TIME HE WAS DISCHARGED FROM THRIVENT AND HIRED BY TORREY PINES 8 MONTHS LATER. MR. GIELAU DID NOT INTENTIONALLY NOT REPORT; IN FACT,HE WORKED WITH THE TORREY PINES BD IN PREPARING HIS U-4 FILING FOR TORREY PINES. A RECENT FINRA AUDIT OF HIS OFFICE BROUGHT THIS ERROR TO LIGHT AND THE INTENTION OF THIS FILING IS TO UPDATE MR. GIELAU'S U-4 TO REFLECT THE INDIANA FINAL ORDER.
Date: July 07, 2009 Category: Employment Separation After Allegations Firm Name: BROKER DEALER FINANCIAL SERVICES CORP Termination Type: Discharged Allegations: THRIVENT INVESTMENT MANAGEMENT HAS ALLEGED GIELAU VIOLATED THE TERMS OF HIS FINANCIAL ASSOCIATE AGREEMENT BY SOLICITING THRIVENT CLIENTS, ALLEGED USE OF 'CONFIDENTIAL BUSINESS INFORMATION' AND ALLEGED USE OF CUSTOMER INFORMATION WITHOUT THE CUSTOMER'S PRIOR CONSENT IN ACCORDANCE WITH REGULATION S-P.
Date: July 06, 2009 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT RR'S MISMANAGEMENT OF ACCOUNT OPENED NOVEMBER 2005 AND HIS FAILURE TO FOLLOW INSTRUCTIONS IN JULY 2008 RESULTED IN MARKET LOSS IN THE ACCOUNT. FIRM FOUND THAT RR DELAYED MAKING TRADES CUSTOMER REQUESTED. FIRM REIMBURSED CLIENT FOR A PORTION OF THE MARKET LOSS AND MANAGEMENT FEES. Damage Amount Requested: $120,956.85 Settlement Amount: $68,368.14
Date: March 13, 2009 Category: Employment Separation After Allegations Firm Name: THRIVENT INVESTMENT MANAGEMENT INC Termination Type: Discharged Allegations: SEE INTERNAL REVIEW DRP. Broker Comment: DURING AN INTERNAL AUDIT, IT WAS DISCOVERED MR. GIELAU'S SALES ASSISTANT HAD USED CLIENT SIGNATURES "MULTIPLE TIMES" TO PREVENT DELAYS IN PAPERWORK PROCESSING. SHE STATES MR. GIELAU DID NOT AUTHORIZE NOR WAS HE AWARE SHE WAS DOING SO, AND SHE FURTHER STATES SHE NEVER SAW MR. GIELAU DO SUCH ACTION. MR. GIELAU HAS NOT BEEN PROVIDED WITH ANY NOTICE FROM THIRVANT OR CLIENTS AS TO UNACCEPTABLE SALES PRACTICES AND DENIES THEIR VAGUE, UNSUBSTANTIATED CLAIM.
Date: November 05, 2008 Category: Civil Bond Disposition: Revoked Payout Detail: N/A
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