JIM DWAYNE BLOUNT

JIM DWAYNE BLOUNT is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 6576 LYNCHS PRAIRIE CV, STE A, SPRINGDALE, AR, 72762.

JIM DWAYNE BLOUNT has worked at LPL FINANCIAL LLC since November 16, 2001

Disclosure History

JIM DWAYNE BLOUNT has 1 Disclosure Event(s).

Date: July 27, 2012
Category: Customer Dispute
Allegations: THE CLAIMANT ALLEGES THAT MR. BLOUNT FAILED TO ADVISE HER THAT A HARTFORD VARIABLE ANNUITY THAT SHE OWNED HAD A DEATH BENEFIT. THE CLAIMANT ALLEGES THAT SHE LIQUIDATED THE ANNUITY POLICY AT MR. BLOUNT'S RECOMMENDATION, NOT REALIZING THAT THE POLICY HAD A DEATH BENEFIT, AND LOSS THE DEATH BENEFIT.
Damage Amount Requested: $90,000.00
Settlement Amount: $37,500.00
Broker Comment: THIS ARBITRATION PROCEEDING WAS SETTLED AS A BUSINESS DECISION TO AVOID THE COST OF PROLONGED LITIGATION. IT WAS SETTLED WITHOUT ANY ADMISSION OF LIABILITY WHATSOEVER ON THE PART OF THE FINANCIAL ADVISOR WHO CONTINUES TO DENY ANY WRONGDOING IN CONNECTION WITH THE ALLEGATIONS MADE BY THE CLAIMANT.

More Information

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