MICHAEL RICHARD MAZZELLA is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 8985 EAST BELL ROAD, SCOTTSDALE, AZ, 85260.
MICHAEL RICHARD MAZZELLA has worked at LPL FINANCIAL LLC since April 10, 2017
MICHAEL RICHARD MAZZELLA has 7 Disclosure Event(s).
Date: December 05, 2014 Category: Customer Dispute Allegations: CLIENT ALLEGES SHE WAS PROMISED A CONTINUED $1200 A MONTH DISTRIBUTION FROM VA CONTRACTS WITH GUARANTEED LIVING BENEFIT RIDER
Date: June 08, 2012 Category: Customer Dispute Allegations: CLIENT CLAIMS REPRESENTATIVE SOLD THEM ANNUITIES AGAINST THEIR INSTRUCTIONS. Damage Amount Requested: $6,930.00
Date: December 13, 2011 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT HE WAS MISLED WHEN HE PURCHASED A VARIABLE LIFE INSURANCE POLICY FROM THE REPRESENTATIVE IN AUGUST 1993. NO SPECIFIC COMPENSATORY DAMAGES WERE ALLEGED.
Date: April 19, 2006 Category: Regulatory
Date: March 12, 2004 Category: Customer Dispute Allegations: CLIENT ALLEGES HE WAS TOLD THAT THE VARIABLE ANNUITY HE PURCHASED IN APRIL 2002 WAS GOVERNMENT INSURED AND 100% LIQUID. CLIENT FEELS HE WAS MISLED AND WOULD LIKE HIS MONEY BACK WITHOUT PENALTY. Damage Amount Requested: $9,500.49 Settlement Amount: $12,431.00
Date: September 18, 2001 Category: Customer Dispute Allegations: IT WAS ALLEGED MR. MAZZELLA GUARANTEED THE CUSTOMERS A 5-10% RETURN ON THEIR INVESTMENT WITHIN ONE YEAR AND THAT THE MUTUAL FUNDS THEY WERE SOLD WERE NOT SUITABLE. Damage Amount Requested: $49,280.45 Settlement Amount: $36,085.04 Broker Comment: SETTLEMENT WAS A BUSINESS DECISION BY THE FIRM AND DOES NOT REPRESENT AN ADMISSION OF WRONGDOING BY EITHER THE FIRM OR THE REPRESENTATIVE
Date: September 18, 2001 Category: Customer Dispute Allegations: CLIENT ALLEGES SHE WAS TOLD SHE WOULD HAVE ACCESS TO HER MONEY WITHOUT PENALTY AND THAT SHE WAS NOT TOLD THAT SHE COULD NOT WRITE OFF LOSSES IN HER ANNUITY. Damage Amount Requested: $23,741.75
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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.
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