JOSEPH LAWRENCE HARKINS is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 12700 BLACK FOREST LN, STE 310, WOODBRIDGE, VA, 22192-5306.
JOSEPH LAWRENCE HARKINS has worked at AMERIPRISE FINANCIAL SERVICES, INC. since January 20, 2017
Disclosure History
JOSEPH LAWRENCE HARKINS has 1 Disclosure Event(s).
Date: December 20, 1994 Category: Customer Dispute Allegations: THE LAWSUIT WHICH NAMED PRUCO & JOSEPHHARKINS AS DEFENDANTS, ALLEGED, AMONG OTHER THINGS,MISREPRESENTATION, FRAUD, BREACH OF FIDUCIARY DUTY & VIOLATIONOF THE STATE UNFAIR INSURANCE PRACTICE ACT & THE UNFAIR TRADE.PRACTICE & CONSUMER PROTECTION LAW IN CONNECTION WITHREPRESENTATIONS MADE REGARDING THE BENEFICIARY DESIGNATION &SURRENDER CHARGES FOR A VARIABLE APPRECIABLE LIFE (VAL) POLICYSOLD IN 1989. COMPENSATORY DAMAGES IN EXCESS OF $50,000 WEREALLEGED. Damage Amount Requested: $143,405.00 Settlement Amount: $143,405.00 Broker Comment: THE MATTER WAS SETTLED BY PRUCO WITHOUTADMISSION OF LIABILITY OR WRONGDOING BY RESCINDING THE VALPOLICY & IN CONSIDERATION OF PAYMENT OF $143,405.I BELIEVE THE LAWSUIT WAS A RESULT OF A CHANGE INPLANNING STRATEGY BY THE CLIENTS NEW ADVISOR/COUNSEL. IBELIEVE MY RECOMMENDATIONS TO THE CLIENT WERE SUITABLE BASED ONTHE INFORMATION THEY PROVIDED ME & THEIR STATED OBJECTIVES ATTHE TIME. THE LAWSUIT WAS INITIATED AFTER I LEFT PRUCO. THEDECISION TO SETTLED THE SUIT WAS SOLEY PRUCO'S & I WAS NOTREQUIRED TO MAKE ANY SETTLEMENT PAYMENTS TO THE CLIENTS.
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