JEFFREY ALAN GREWE is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 3223 32ND AVE S STE 202, FARGO, ND, 58103.
JEFFREY ALAN GREWE has worked at SECURITIES AMERICA, INC. since October 29, 2015
Disclosure History
JEFFREY ALAN GREWE has 1 Disclosure Event(s).
Date: March 28, 2007 Category: Customer Dispute Allegations: CLIENTS ALLEGE THEY EXCHANGED TWO EXISTING VARIABLE LIFE INSURANCE POLICIES TO PURCHASE A 2006 TRADITIONAL LIFE INSURANCE POLICY BASED ON THE AGENT'S REPRESENTATION THAT ANY OPTIONAL PREMIUMS THAT WERE ADDED TO THE CONTRACT WOULD BE AVAILABLE IF NEEDED. CLIENTS ARE REQUESTING TO HAVE THE TRANSACTIONS REVERSED AND THE OLD POLICIES REINSTATED. Settlement Amount: $81,904.53 Broker Comment: THE FIRM AGREED TO CANCEL THREE OF THE POLICIES AS IF THEY HAD NEVER BEEN ISSUED, REVERSE THE SURRENDERS, AND REFUND PREMIUM PAYMENTS OF $27,764.30. AS A RESULT, THERE WAS A LOSS TO THE FIRM OF $81,904.53.
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