KYLE ANDREW EMERSON is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 16057 Kamana Rd, Suite A, Apple Valley, CA, 92307.
KYLE ANDREW EMERSON has worked at LPL FINANCIAL LLC since November 30, 2010
Disclosure History
KYLE ANDREW EMERSON has 4 Disclosure Event(s).
Date: July 16, 2010 Category: Customer Dispute Allegations: CLAIMANT ALLEGES, INTER ALIA, THAT IN DECEMBER 2003 THE FINANCIAL ADVISOR WAS NEGLIGENT WHEN HE FAILED TO LOOK IN A GUARENTEED 7% RATE OF RETURN FOR THE CLAIMANT'S ANNUITY. Damage Amount Requested: $340,000.00 Settlement Amount: $45,000.00
Date: May 14, 2010 Category: Customer Dispute Allegations: CA RESIDENTS FELL INSURANCE POLICY TERMS AND CONDITIONS WERE MISREPRESENTED. POLICY INCEPTIONS DATES ARE 6/15/09 TO 07/09/09. CLIENTS REQUEST RECISION OF POLICIES, WHICH DUE TO THE SHORT TIME THEY HAVE BEEN HELD, WOULD COST IN EXCESS OF $166,000 IN LOST PREMIUM AND SURRENDER CHARGES. Damage Amount Requested: $166,015.00 Broker Comment: THE TERMS AND CONDITIONS OF THE INSURANCE PRODUCTS WERE DISCLOSED IN THEIR ENTIRETY AND CLIENT PROVIDED WRITTEN ACKNOWLEDGEMENT OF ILLUSTRATIONS AND PROSPECTUS. THE CLAIM WAS DENIED IN ITS ENTIRETY.
Date: December 13, 2007 Category: Customer Dispute Allegations: CALIFORNIA STATE RESIDENTS STATE IN WRITING THEIR FA MISREPRESENTED THE TERMS OF THE ALLSTATE VARIABLE ANNUITY PURCHASED IN 4/06. CUSTOMERS CLAIM THEY REQUESTED A FIXED ANNUITY AND THEIR FA DISCLOSED THAT THEY WERE PURCHASING A FIXED ANNUITY. CUSTOMERS REALIZED IN 11/06 THAT THEIR FA HAD PURCHASED A VARIABLE ANNUITY BECAUSE THE VALUE OF THEIR INITIAL PREMIUM HAD DECLINED IN VALUE. CUSTOMERS HAVE REQUESTED REIMBURSEMENT FOR THEIR LOSSES AND WANT TO SURRENDER THE ANNUITY AT NO COST TO THEM. DAMAGES ARE CURRENTLY ESTIMATED TO BE APPROXIMATELY $50,000. Damage Amount Requested: $50,206.00 Broker Comment: THE CUSTOMER WAS PROVIDED WITH THE ACCURATE DISCLOSURE FORMS, WHICH WERE SIGNED BY CUSTOMER, STATING THE ANNUITY WAS VARIABLE AND SUBJECT TO MARKET FLUCTUATION. MOREOVER, CUSTOMER RECEIVED ACCOUNT STATEMENTS FOR APPROXIMATELY SIX MONTHS PRIOR TO COMPLAINT REFLECTING ANNUITY'S FLUCTUATING VALUE, AND FA IS CERTAIN HE DISCLOSED ALL MATERIAL FEATURES OF THE ANNUITY TO THE CUSTOMER, INCLUDING THAT IT WAS SUBJECT TO MARKET VOLATILITY. BASED ON THE FOREGOING, THE COMPLAINT IS DENIED.
Date: July 28, 2003 Category: Customer Dispute Allegations: CUSTOMER ASSERTS CLAIMS AND ALLEGES MISREPRESENTATION. Damage Amount Requested: $10,000.00
More Information
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