MELVIN LEE GROSS is currently employed as a Broker and/or Investment Adviser at LINCOLN FINANCIAL SECURITIES CORPORATION located at 4848 Loop Central Drive, SUITE 1005, HOUSTON, TX, 77081.
MELVIN LEE GROSS has worked at LINCOLN FINANCIAL SECURITIES CORPORATION since April 24, 2009
Disclosure History
MELVIN LEE GROSS has 2 Disclosure Event(s).
Date: August 18, 2005 Category: Customer Dispute Allegations: CUSTOMER ALLEGES RR MISREPRESENTATIONS AND OMISSIONS REGARDING A VUL POLICY IN A 419 PLAN. Damage Amount Requested: $938,000.00 Settlement Amount: $25,000.00
Date: April 18, 1995 Category: Customer Dispute Allegations: FAILURE TO FILE WAIVER OF PREMIUM ON A JACKSON NATIONAL LIFE POLICY KNOWING PAUL REVERE DISABILITY POLICY WAS PAYING ON ITS POLICY PER LOSS OF INCOME UNDER ITS DEFINITION. Damage Amount Requested: $16,000.00 Settlement Amount: $35,000.00 Broker Comment: SETTLEMENT WAS ECONOMIC IN NATURE NOT BASED ONPROBABLE NEGLIGENCE ON MY PART-$17,500 COVERED BY MALPRACTICE INSURANCE. SETTLED OUT OF COURT. NO LIMITS OR CONDITIONS RESULTED FROM SETTLEMENT. MUTUAL RELEASE AND SETTLEMENT AGREEMENT SIGNED BY CLIENT, MYSELF AND JACKSON NATIONAL LIFE.
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