MICHAEL PETER RUBINO

MICHAEL PETER RUBINO is currently employed as a Broker and/or Investment Adviser at CENTAURUS FINANCIAL, INC. located at 625 EAST BIG BEAVER ROAD, SUITE #107, TROY, MI, 48083.

MICHAEL PETER RUBINO has worked at CENTAURUS FINANCIAL, INC. since September 05, 1997

Disclosure History

MICHAEL PETER RUBINO has 2 Disclosure Event(s).

Date: March 16, 2009
Category: Customer Dispute
Allegations: JANUARY 2007 PURCHASED VARIABLE ANNUITY POLICIES THAT WERE MISREPRESENTED AS TO LIQUIDITY.
Damage Amount Requested: $40,000.00

Date: January 21, 2005
Category: Customer Dispute
Allegations: IN FEBRUARY/MAY OF 2004 CUSTOMER PURCHASED A VARIABLE UNIVERSAL LIFE POLICY. CUSTOMER CLAIMS THE FACE AMOUNT OF THE POLICY WAS FAR IN EXCESS OF HER INSURANCE NEEDS. CUSTOMER CLAIMS SHE WAS INDUCED INTO PURCHASING THE POLICY AND DELIVERING THE FIRST PART OF THE PREMIUM OF $50,000 BY REPS REPRESENTATION THAT THE PRODUCTS WAS RETIREMENT SAVINGS PRODUCT.
Damage Amount Requested: $50,000.00
Broker Comment: COMPLETED A COMPREHENSIVE FINANCIAL ASSESSMENT INCLUDING BUT NOT LIMITED TO RETIREMENT PLANNING, ESTATE LIQUIDITY, FAMILY PROTECTION, TAX PLANNING, CASH ACCUMULATION, AND RISK ANALYSIS. DETERMINED THAT CLIENT NEEDED AND WANTED PERMANENT LIFE INSURANCE FOR HER FINANCIAL SITUATION, CLAIM DENIED.

More Information

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