JOHN EDWARD GIROUARD is currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH, INC. located at 1000 POTOMAC STREET N.W., SUITE 300, WASHINGTON D.C., DC, 20007.
JOHN EDWARD GIROUARD has worked at CAMBRIDGE INVESTMENT RESEARCH, INC. since August 02, 2010
Disclosure History
JOHN EDWARD GIROUARD has 1 Disclosure Event(s).
Date: January 25, 2016 Category: Customer Dispute Allegations: Clients allege that RR advised client to liquidate retirement account to purchase home resulting in tax consequences. Damage Amount Requested: $140,000.00 Settlement Amount: $56,000.00 Broker Comment: Per advisor, client was unable to furnish all statements on all accounts to advisor. Client believed client owned nonqualified annuities which was incorrect. Client needed cash for down payment on new home and surrendered annuities immediately following placing offers on potential properties. Client claims advisor did not explain taxation, although there is email correspondence proving that advisor did discuss tax issues regarding the liquidation of certain accounts. Advisor denied the Clients' complaint, and specifically denies that he failed to advise Client of tax implications of liquidating accounts and investments. Specific written and oral communications in April and June 2015, show that advisor and his agents advised Clients of tax issues regarding the "busting" of clients' IRA (April 2015)and replies from the Clients confirm they were advised and understood tax issues. Advisor was not part of any settlement and did not contribute in any way.
More Information
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