JOE J SHOEMAKER

JOE J SHOEMAKER is currently employed as a Broker and/or Investment Adviser at NYLIFE SECURITIES LLC located at 501 GARDEN AVE, BUTTE, MT, 59701.

JOE J SHOEMAKER has worked at NYLIFE SECURITIES LLC since September 27, 1982

Disclosure History

JOE J SHOEMAKER has 2 Disclosure Event(s).

Date: December 21, 2007
Category: Customer Dispute
Allegations: WITH REGARD TO THE PURCHASE OF TWO VARIABLE ANNUITY POLICIES IN OR AROUND JUNE OF 2007, THE CUSTOMERS ALLEGE THAT THESE ANNUITY POLICIES ARE WITH A NINE YEAR CONTRACT AND REMEMBERS STATING TO THE RR THAT THEY WANTED TO BE MORE AGGRESSIVE IN THE MUTUAL FUND ACCOUNTS FOR THE NEXT FIVE YEAR PERIOD AND THIS WAS NOT THE PLAN THAT THEY AGREED ON.
Settlement Amount: $118,141.87
Broker Comment: BASED ON THE COMPANY'S GOOD FAITH ESTIMATE IT WAS DETERMINED THAT THE COMPENSATORY DAMAGES COULD BE MORE THAN $5,000.

Date: October 01, 2001
Category: Customer Dispute
Allegations: WITH REGARD TO A TRADITIONAL WHOLE LIFE INSURANCE POLICY PURCHASED IN SEPTEMBER 1971, THE CUSTOMER ALLEGES SOME CHECKS GIVEN TO ME FOR PREMIUM PAYMENTS WERE NOT APPLIED TO THE POLICY. PLAINTIFFS SEEK UNSPECIFIED ACTUAL AND PUNITIVE DAMAGES.
Settlement Amount: $30,000.00
Broker Comment: THE MATTER WAS SETTLED THROUGH A SETTLEMENT AGREEMENT AND RELEASE WITH PLAINTIFFS IN THE AMOUNT OF $30,000.00 WHICH WAS PAID BY MR. SHOEMAKER'S ERRORS AND OMISSIONS INSURANCE CARRIER.

More Information

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