MICHAEL JAMES DEL RE

MICHAEL JAMES DEL RE is currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH, INC. located at 612 WHEELERS FARMS RD, MILFORD, CT, 06461.

MICHAEL JAMES DEL RE has worked at CAMBRIDGE INVESTMENT RESEARCH, INC. since September 27, 2007

Disclosure History

MICHAEL JAMES DEL RE has 1 Disclosure Event(s).

Date: February 09, 2010
Category: Customer Dispute
Allegations: CLIENT ALLEGES THAT THE RR MISREPRESENTED A VA PRODUCT AND GUARANTEED THAT THE PRODUCT WOULD DOUBLE AFTER 10 YEARS.
Damage Amount Requested: $208,963.50
Settlement Amount: $14,900.00
Broker Comment: THE PERFORMANCE RIDER IN QUESTION WAS A NO COST FEATURE WHICH WAS EXPLAINED TO THE CLIENT ON SEVERAL OCCASIONS BOTH AT RR'S OFFICE AND WITH VICE PRESIDENTS OF THE INSURANCE COMPANY AT THE COMPANY'S HOME OFFICE. THE EXPLANATION OF THE RIDER WAS ALSO REVIEWED IN THE PROSPECTUS WITH CLIENT. THE SERIES OF MEETINGS DEMONSTRATED A MORE THAN REASONABLE EFFORT BY MYSELF & THE INSURANCE COMPANY TO CLARIFY ANY MISUNDERSTANDING OF THE RIDER THAT THE CLIENT MIGHT HAVE HAD.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for MICHAEL JAMES DEL RE, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.