MATTHEW JOHN MUNDY is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 3910 S ALMA SCHOOL RD STE 8, CHANDLER, AZ, 85248-4498.
MATTHEW JOHN MUNDY has worked at LPL FINANCIAL LLC since March 08, 2016
MATTHEW JOHN MUNDY has 3 Disclosure Event(s).
Date: November 12, 2014 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT FUNDS FROM AN IRA WERE USED TO INVEST IN A NON-QUALIFIED VARIABLE ANNUITY RESULTING IN SIGNIFICANT TAX LIABILITIES Damage Amount Requested: $33,489.00
Date: August 14, 2011 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES THAT THE RR MISREPRESENTED THE PURCHASE OF THE VARIABLE ANNUITY IN JUNE 2010. Broker Comment: A LETTER OF EXPLANATION WAS SENT TO THE CUSTOMER REGARDING THE TRANSACTION IN QUESTION.
Date: April 09, 2009 Category: Customer Dispute Allegations: WITH REGARD TO THE PURCHASE OF TWO VARIABLE LIFE INSURANCE POLICIES IN OR AROUND DECEMBER OF 2006, THE CUSTOMERS ALLEGE THAT THE AGENT NEGLECTED TO INFORM THEM OF THE NEGATIVE ASPECTS OF THE POLICIES AND THAT THEIR TIME AND MONEY HAS BEEN WASTED. Damage Amount Requested: $7,069.71 Settlement Amount: $7,069.71 Broker Comment: ALLEGED DAMAGES: [SPOUSE] $2827.88 + [CUSTOMER] $4241.83 = $7069.71......SETTLEMENT TOTAL: [SPOUSE] $2827.88 + [CUSTOMER] $4241.83 = $7069.71......ADDITIONAL POLICY CASH SURRENDER VALUE AFTER DAMAGES: [SPOUSE] $4101.32 + [CUSTOMER] $6151.97 = $10253.29......COMBINED REQUESTED DAMAGES $7069.71 + ADDITIONAL REMAINING POLICY CASH SURRENDER VALUE $10,253.29 = TOTAL POLICY CASH SURRENDER VALUE AT TIME OF CANCELLATION OF $17,323......AS A RESULT OF THE [CUSTOMERS] COMPLAINT, REQUEST TO CANCEL THEIR POLICIES, AND STATED DAMAGES OF $2827.88 FOR [SPOUSE] AND $4241.83 FOR [CUSTOMER][COMBINED TOTAL FOR BOTH POLICIES OF $7069.71], NEW YORK LIFE WAIVED THE EARLY SURRENDER CHARGES REVEALING THE TOTAL POLICY CASH ACCUMULATION VALUES. THESE VALUES WERE $6929.20 FROM [SPOUSE'S] POLICY AND $10,393.80 FROM [CUSTOMER'S] POLICY FOR A TOTAL OF $17,323. THIS PRODUCED AN ADDITIONAL $10,253.29 AFTER THE COMBINED REQUESTED AMOUNT OF $7069.71, $2827.88 FOR [SPOUSE] AND $4241.83 FOR [CUSTOMER], WAS SATISFIED.
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