JOHN RUSSELL NICHOLS is currently employed as a Broker and/or Investment Adviser at THE LEADERS GROUP, INC. located at 26 W. DRY CREEK CIRCLE, SUITE 800, LITTLETON, CO, 80120-4475.
JOHN RUSSELL NICHOLS has worked at THE LEADERS GROUP, INC. since April 25, 2007
Disclosure History
JOHN RUSSELL NICHOLS has 4 Disclosure Event(s).
Date: September 30, 2002 Category: Customer Dispute Allegations: PLAINTIFFS ALLEGE THAT IN ORDER TO SELL VARIOUS TYPES OF LIFE INSURANCE POLICIES, DEFENDANTS USED A FRAUDULENT SCHEME WHICH INCLUDED MISREPRESENTATIONS CONCERNING THE PREMIUM PAYMENTS TO BE PAID ON SUCH POLICIES, AS WELL AS OMISSIONS AND CONCEALMENT OF MATERIAL FACT, DEFENDANTS ACTIONS ALLEGEDLY CONSTITUTED FRAUD, INTENTIONAL MISREPRESENTATION, FRAUDULENT INDUCEMENT, NEGLIGENT MISREPRESENTATION, BREACH OF DUTY TO DEAL IN GOOD FAITH AND SUITABILITY, DAMAGES ARE UNSPECIFIED. Settlement Amount: $10,000.00 Broker Comment: THIS LAWSUIT WAS RESOLVED AS PART OF THE SETTLEMENT OF A NUMBER OF LAWSUITS, CLAIMS AND THREATENED CLAIMS BY PRESENT AND FORMER POLICYHOLDERS IN MISSISSIPPI AGAINST THE EMPLOYING FIRM AND/OR ITS AFFILIATES AND CERTAIN OF ITS CURRENT AND FORMER REPRESENTATIVES. NO SPECIFIC PORTION OF THE TOTAL SETTLEMETN AMOUNT WAS ALLOCATED BY THE PAYING DEFENDANTS TO RESOLVE SPECIFIC ALLEGED CLAIMS IN WHICH THE REGISTERED REPRESENTATIVE WAS A NAMED PARTY. THE EMPLOYING FIRM BELIEVES THAT THE SETTLEMENT AMOUNT OF THIS LAWSUIT EXCEEDS $10,000. THE EMPLOYING FIRM AND ITS REGISTERED REPRESENTATIVES EXPRESSLY DENY ANY WRONGDOING OR LIABILITY IN CONNECTION WITH THESE CLAIMS.
Date: September 30, 2002 Category: Customer Dispute Allegations: PLAINTIFFS ALLEGE THAT, IN ORDER TO SELL VARIOUS TYPES OF LIFE INSURANCE POLICIES, DEFENDANTS USED SCHEME WHICH INCLUDED MISREPRESENTATIONS, OMISSIONS AND CONCEALMENT OF MATERIAL FACTS. DEFENDANTS ACTIONS ALLEGEDLY CONSTITUTED FRAUD, FRAUDULENT MISREPRESENTATION, FRAUDULENT INDUCEMENT, FRAUDULENT INDUCEMENT,FRAUDULENT CONCEALMENT, CONSPIRACY TO COMMIT FRAUD AND BREACH OF FIDUCIARY DUTY. DAMAGES ARE UNSPECIFIED. Settlement Amount: $10,000.00 Broker Comment: THIS LAWSUIT WAS RESOLVED AS PART OF THE SETTLEMENT OF A NUMBER OF LAWSUITS,CLAIMS AND THREATENED CLAIMS BY PRESENT AND FORMER POLICYHOLDERS IS MISSISSIPPI AGAINST THE EMPLOYING FIRM AND/OR ITS AFFILIATES AND CERTAIN OF ITS CURRENT AND FORMER REPRESENTATIVES. NO SPECIFIC PORTION OF THE TOTAL SETTLEMENT AMOUNT WAS ALLOCATED BY THE PAYING DEFENDANTS TO RESOLVE SPECIFIC ALLEGED CLAIMS IN WHICH THE REGISTERED REPRESENTATIVE WAS A NAMED PARTY. THE EMPLOYING FIRM BELIEVES THAT THE SETTLEMENT AMOUNT OF THIS LAWSUIT EXCEEDS $10,000. THE EMPLOYING FIRM AND ITS REGISTERED REPRESENTATIVES EXPRESSLY DENY ANY WRONGDOING OR LIABILITY IN CONNECTION WITH THESE CLAIMS.
Date: March 22, 2002 Category: Customer Dispute Allegations: PLAINTIFFS ALLEGE THAT, IN ORDER TO SELL VARIOUS TYPES OF LIFE INSURANCE POLICIES, DEFENDANTS USED A SCHEME WHICH INCLUDED MISREPRESENTATIONS CONCERNING THE PREMIUM PAYMENTS, OMISSIONS AND CONCEALMENT OF MATERIAL FACTS. DEFENDANTS ACTIONS ALLEGEDLY CONSTITUTED FRAUD, INTENTIONAL MISREPRESENTATION, FRAUDULENT INDUCEMENT, NEGLIGENT MISREPRESENTATION AND BREACH OF DUTY TO DEAL IN GOOD FAITH. DAMAGES ARE ALLEGED TO BE $5,000,000,000. PUNITIVE DAMAGES OF $150,000,000 ARE ALSO SOUGHT. Damage Amount Requested: $5,000,000,000.00 Broker Comment: THIS LAWSUIT WAS RESOLVED AS PART OF THE SETTLEMENT OF A NUMBER OF LAWSUITS, CLAIMS AND THREATENED CLAIMS BY PRESENT AND FORMER POLICYHOLDERS IN MISSISSIPPI AGAINST THE EMPLOYING FIRM AND/OR ITS AFFILIATES AND CERTAIN OF ITS CURRENT AND FORMER REPRESENTATIVES. NO SPECIFIC PORTION OF THE TOTAL SETTLEMENT AMOUNT WAS ALLOCATED BY THE PAYING DEFENDANTS TO RESOLVE SPECIFIC ALLEGED CLAIMS IN WHICH THE REGISTERED REPRESENTATIVE WAS A NAMED PARTY. THE EMPLOYING FIRM BELIEVES THAT THE SETTLEMENT AMOUNT OF THIS LAWSUIT EXCEEDS $10,OOO. THE EMPLOYING FIRM AND ITS REGISTERED REPRESENTATIVES EXPRESSLY DENY ANY WRONGDOING OR LIABILITY IN CONNECTION WITH THESE CLAIMS.
Date: December 19, 2001 Category: Customer Dispute Allegations: PLAINTIFS ALLEGE THAT, IN ORDER TO SELL VARIOUS TYPES OF LIFE INSURANCE POLICIES, DEFENDANTS USED A SCHEME WHICH INCLUDED MISREPRESENTATIONS, OMISSIONS AND CONCEALMENT OF MATERIAL FACTS. DEFENDANTS ACTIONS ALLEGEDLY CONSTITUTED FRAUD, FADULENT MISREPRESENTATION, FRAUDULENT INDUCEMENT, FRADULENT CONCEALMENT, CONSPIRACY TO COMMIT FRAUD AND BREACH OF FIDUCIARY DUTY. DAMAGES ARE UNSPECIFIED. Settlement Amount: $10,000.00 Broker Comment: THIS LAWSUIT WAS RESOLVED AS PART OF THE SETTLEMENT OF A NUMBER OF LAWSUITS, CLAIMS AND THREATENED CLAIMS BY PRESENT AND FORMER POLICYHOLDERS IN MISSISSIPPI AGAINST THE EMPLOYING FIRM AND/OR ITS AFFILIATES AND CERTAIN OF ITS CURRENT AND FORMER REPRESENTATIVES. NO SPECIFIC PORTION OF THE TOTAL SETTLEMENT AMOUNT WAS ALLOCATED BY THE PAYING DEFENDANTS TO RESOLVE SPECIFIC ALLEGED CLAIMS IN WHICH THE REGISTERED REPRESENTATIVE WAS A NAMED PARTY. THE EMPLOYING FIRM BELIEVES THAT THE SETTLEMENT AMOUNT OF THIS LAWSUIT EXCEEDS $10,000. THE EMPLOYING FIRM AND ITS REGISTERED REPRESENTATIVES EXPRESSLY DENY ANY WRONGDOING OR LIABILITY IN CONNECTION WITH THESE CLAIMS.
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