JOHN MICHAEL QUELLO is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES FINANCIAL SERVICES, INC. located at 101 NORTH MAIN AVENUE, SUITE 201, SIOUX FALLS, SD, 57104.
JOHN MICHAEL QUELLO has worked at RAYMOND JAMES FINANCIAL SERVICES, INC. since November 21, 2013
Disclosure History
JOHN MICHAEL QUELLO has 2 Disclosure Event(s).
Date: May 10, 2011 Category: Customer Dispute Allegations: TIME FRAME: NOVEMBER 16, 2007THE CLIENT ALLEGES THAT THE FINANCIAL ADVISOR MISINFORMED HER AND HER MOTHER ABOUT THE POLICY FROM INCEPTION. THE ALLEGED DAMAGES ARE IN EXCESS OF $5000 Broker Comment: COMPLAINANT, WHO IS A NAMED BENEFICIARY OF THE ACCOUNT, STATES THAT THE ACCOUNT HOLDER/CLIENT ( MOTHER) PURCHASED AN ANNUITY TO HELP PROVIDE THE COMPLAINANT (HER DAUGHTER) WITH A LIFETIME INCOME UPON HER DEATH. THE CLIENT FELT THIS WOULD BE THE BEST INVESTMENT FOR HER TO PURCHASE TO MEET THE DAUGHTER'S LIFESTYLE NEEDS AND SPENDING HABITS. UPON THE CLIENT'S DEATH, THE BENEFICIARY DESIRED TO RECEIVE A LUMP-SUM DISTRIBUTION IN LIEU OF THE ANNUAL INCOME. HOWEVER, AS ESTABLISHED BY THE CLIENT (MOTHER) AND PER HER INSTRUCTIONS, THE ANNUITY DOES NOT ALLOW FOR THIS TYPE OF DISTRIBUTION.
Date: March 24, 1999 Category: Customer Dispute Allegations: CLIENT CONTENDS THAT SECURITIES MR. QUELLORECOMMENDED WERE INAPPROPRIATE GIVEN HIS OBJECTIVES, HIS SHORTTERM LIFE EXPECTANCY AND HIS NEED FOR MONEY WITHIN ONE YEAR.CLIENT ALSO ALLEGES UNAUTHORIZED TRADING. HE IS DEMANDING FULLREIMBURSEMENT OF LOSSES WHICH ARE APPROXIMATELY $7,000. Damage Amount Requested: $7,000.00 Broker Comment: NOT PROVIDEDNOT PROVIDED
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