JEFFREY ALLEN SHANK

JEFFREY ALLEN SHANK is currently employed as a Broker and/or Investment Adviser at ANDOVER ADVISORY GROUP located at 451 ANDOVER STREET, SUITE G4, NORTH ANDOVER, MA, 1845.

JEFFREY ALLEN SHANK has worked at ANDOVER ADVISORY GROUP since April 07, 2014

JEFFREY ALLEN SHANK is also currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. located at 354 MERRIMACK STSTE 303, LAWRENCE, MA, 01842 since July 04, 2014

JEFFREY ALLEN SHANK is also currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH, INC. located at 354 MERRIMACK STSTE 303, LAWRENCE, MA, 01843 since July 04, 2014

Disclosure History

JEFFREY ALLEN SHANK has 1 Disclosure Event(s).

Date: June 10, 1996
Category: Customer Dispute
Allegations: CLIENT STATED THAT HE "WAS NOT MADE AWARE OFTHE ISSUE OF SURRENDER CHARGES"
Damage Amount Requested: $10,000.00
Settlement Amount: $10,000.00
Broker Comment: NO ACTION WAS WARRANTED. THE CLIENT PURCHASED A VARIABLE WHOLE LIFE INSURANCE POLICY THAT WAS ISSUED AS THE RESULT OF A CONVERSION FROM A TERM INSURANCE POLICY. DUE TO UNFORSEEN CIRCUMSTANCES,THE CLIENT WAS UNABLE TO FULLY FUND THE PURCHASE. HE REQUESTED THAT THE COMPANY REVERSE THE ORIGINAL TRANSACTION AND WAIVE THE SURRENDER CHARGES. THE ISSUING COMPANY COMPLIED WITH HIS REQUEST. A REPORT OF THECOMPLAINT WAS MADE TO THE NASD AND AN INQUIRY WAS MADE. THISINQUIRY RESULTED IN NO ACTION BEING TAKEN OR WARRANTED.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for JEFFREY ALLEN SHANK, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.