Date: October 03, 2016 Category: Customer Dispute Allegations: Customer claims the RR did not disclose the sales charges, surrender charge period, the fees and expenses and the free look provision associated with the VA contact and he was not aware of nor did he request the riders associated with the contact. He alleges the VA contract does not meet his liquidity requirements. He does not recall receiving any written projections or brochure regarding the product. Damage Amount Requested: $40,252.00 Settlement Amount: $14,000.00 Broker Comment: The Firm initially denied the complaint in October 2016. The customer requested FINRA Mediation in January 2017. In order to amicably resolve this matter the Firm agreed to the settlement.
Date: June 30, 2016 Category: Financial Type: Compromise Disposition: Satisfied/Released
Date: April 05, 2012 Category: Judgment / Lien Judgment/Lien Amount: $18,398.55 Judgment/Lien Type: Tax Broker Comment: I WAS PAYING OFF AN INCORRECT 2007 RETURN. IT WAS FIXED AFTER BEING AUDITED BY IRS. BUT IN THE MEAN TIME FEES AND PENALTIES ADDED UP ON THE 2010 TAXES DUE. I AM ON A PYAMENT PLAN WITH THE IRS TO PAYOFF THE AMOUNT ASAP.
Date: September 30, 2003 Category: Customer Dispute Allegations: CUSTOMER WAS SOLD A VARIABLE CONTRACT FOR MORE INSURANCE. CLIENT WAS PLACED IN A FIXED ACCOUNT FOR CASH ACCUMMULATION. ALL ITEMS OF SALE WERE EXPLAINED TO HER DAUGHTER WHO IS AN ATTORNEY. Damage Amount Requested: $5,868.59 Settlement Amount: $7,796.60
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