MARY PHILLIPS ROSS is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 1200 HOWARD BLVD, MOUNT LAUREL, NJ, 08054.
MARY PHILLIPS ROSS has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since November 18, 2008
Disclosure History
MARY PHILLIPS ROSS has 3 Disclosure Event(s).
Date: October 29, 2010 Category: Customer Dispute Allegations: NEW JERSEY CLIENT ALLEGES THAT ANNUITIES RECOMMENDED BETWEEN AUGUST 2005 AND JANUARY 2009 DID NOT FIT HER INVESTMENT NEEDS AND REQUESTS RETURN OF HER ORIGINAL PREMIUMS AS A RESULT. THE COSTS OF SUCH RECESSION ARE REASONABLY ESTIMATED AS IN EXCESS OF $5,000.00. Broker Comment: COMPLAINT WITHDRAWN BY CLIENT ON NOVEMBER 29, 2010.
Date: June 08, 2009 Category: Customer Dispute Allegations: PENNSYLVANIA CLIENT VERBALLY ALLEGED ON JUNE 8, 2009 THAT HER FORMER FINANCIAL CONSULTANT, MS. MARY ROSS, DESCRIBED THE VARIABLE ANNUITIES SHE RECOMMENDED BETWEEN OCTOBER 2000 AND JUNE 2008 AS LIQUID AND GUARANTEED TO GENERATE SUFFICIENT INCOME UPON RETIREMENT, BUT THAT NEITHER HAS PROVEN TO BE CORRECT. CLIENTS HAVE MADE NO SPECIFIC COMPENSATION DEMAND, HOWEVER LOSS IS REASONABLY ESTIMATED AS IN EXCESS OF $5,000. Damage Amount Requested: $125,000.00 Settlement Amount: $80,000.00 Broker Comment: CLAIM SETTLED 1/22/2010 IN THE INTEREST OF CUSTOMER RELATIONS AND TO AVOID POTENTIALLY TIME CONSUMING AND COSTLY LITIGATION, WITHOUT ADMITTING LIABILITY, IN THE AMOUNT OF $80,000.
Date: May 19, 2009 Category: Customer Dispute Allegations: NEW JERSEY CLIENTS ALLEGE THAT THEIR FORMER FINANCIAL CONSULTANT, MS. MARY ROSS, DESCRIBED THE VARIABLE ANNUITIES SHE RECOMMENDED BETWEEN OCTOBER OF 2000 AND APRIL 2008 AS LIQUID AND GUARANTEED TO GENERATE SUFFICIENT INCOME UPON RETIREMENT, BUT THAT NEITHER HAS PROVEN TO BE CORRECT. CLIENTS HAVE MADE NO SPECIFIC COMPENSATION DEMAND; HOWEVER, LOSS IS REASONABLY ESTIMATED AS IN EXCESS OF $5,000. Damage Amount Requested: $125,000.00 Settlement Amount: $80,000.00 Broker Comment: SETTLED IN THE INTEREST OF CUSTOMER RELATIONS AND TO AVOID POTENTIALLY TIME CONSUMING AND COSTLY LITIGATION, WITHOUT ADMITTING LIABILITY, IN THE AMOUNT OF $80,000.
More Information
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