MIKE ALAGHEMAND

MIKE ALAGHEMAND is currently employed as a Broker and/or Investment Adviser at U.S. BANCORP INVESTMENTS, INC. located at 23131 BOTHELL EVERETT HIGHWAY, STE A, BOTHELL, WA, 98021.

MIKE ALAGHEMAND has worked at U.S. BANCORP INVESTMENTS, INC. since November 13, 2002

Disclosure History

MIKE ALAGHEMAND has 1 Disclosure Event(s).

Date: May 07, 2009
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES THAT HE ASKED BROKER TO SET-UP VARIABLE ANNUITY CONTRACT EXACTLY THE SAME AS THE FIRST VARIABLE ANNUITY CONTRACT WITH REGARDS TO THE PRINCIPAL GUARANTEE.
Damage Amount Requested: $18,865.70
Broker Comment: REP'S COMMENT: THE CLIENT UNDERSTOOD THE DIFFERENCE BETWEEN OPTION 1 AND OPTION 2 INSIDE THE TRUE RETURN RIDER IN ALLSTATE VARIABLE ANNUITY CONTRACT, AND THE CLIENT DECIDED ON OPTION 2 FOR THE SECOND POLICY SINCE THE CLIENT HAD OPTION 1 IN THE FIRST POLICY. I ASKED THE CLIENT TO ADD THIS PREMIUM TO THE FIRST CONTRACT WHICH HAS OPTION 1, BUT THE CLIENT SAID NO, THE CLIENT WANTED DIFFERENT CONTRACTS WITH A DIFFERENT TRUE RETURN OPTION. WITH THE MARKET BEING DOWN SO MUCH IN THE LAST 18 MONTHS I FEEL THE CLIENT HAS HAD A CHANGE OF HEART. I DISCUSSED THESE TWO OPTIONS IN DETAIL WITH THE CLIENT WHEN THE CLIENT PURCHASED THE FIRST ALLSTATE VARIABLE ANNUITY POLICY IN 2004, AND A SECOND TIME IN 2005 WHEN THE CLIENT PURCHASED A SECOND POLICY.

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