ORAL BEHUNIN is currently employed as a Broker and/or Investment Adviser at EDWARD JONES located at 761 SOUTH WOODRUFF, IDAHO FALLS, ID, 83401.
ORAL BEHUNIN has worked at EDWARD JONES since April 21, 1984
Disclosure History
ORAL BEHUNIN has 2 Disclosure Event(s).
Date: April 30, 2003 Category: Customer Dispute Allegations: ATTORNEY FOR CLIENT STATES THAT CLIENT HAS PAID IN MORE THAN $88,000 ON VARIABLE LIFE INSURANCE POLICY. ATTORNEY FURTHER STATES THAT THERE WILL BE ONLY $45,000 IN CASH VALUE LEFT AFTER ACCOUNTING FOR PREMIUMS, CHARGES AND MARKET LOSS. ATTORNEY CLAIMS THAT ONLY $10-20,000 OF THE LOSS IN A 14-MONTH PERIOD IS ATTRIBUTABLE TO MARKET LOSS. ATTORNEY ALSO STATES THAT A FINANCIAL PLANNER HAS DETERMINED THIS LIFE INSURANCE POLICY WAS NOT SUITABLE FOR CLIENT. CLAIMED LOSSES IN EXCESS OF $5,000. Damage Amount Requested: $5,000.00 Broker Comment: THE IR STATED HE WORKED WITH A REPRESENTATIVE FROM NEW ENGLAND LIFE ON THIS MATTER. THE IR STATED THE CLIENT WANTED TO REPLACE HIS NE LIFE POLICY AND IDS POLICY TO ACHIEVE GREATER RETURNS AND LEAVE MORE MONEY FOR HIS HEIRS. THE IR STATED HE AND THE NE LIFE REPRESENTATIVE PRESENTED THE CLIENT WITH SEVERAL OPTIONS AND THE CLIENT CHOSE TO 1035 EXCHANGE THE POLICIES AND COMBINE THE POLICIES INTO A NEW NE LIFE VUL POLICY. THE IR STATED HE AND THE NE LIFE REPRESENTATIVE REVIEWED THE IN-FORCE ILLUSTRATIONS WITH THE CLIENT AND THE CLIENT CHOSE TO INCREASE HIS DEATH BENEFIT TO $250,000 AND UTILIZE VARIOUS SUB-ACCOUNTS FOR THE CASH VALUE TO POSSIBLY INCREASE THE POLICY VALUE. THE NEW POLICY REQUIRED A $12,000 ANNUAL PREMIUM FOR FIVE YEARS TO KEEP THE NEW POLICY IN FORCE. NE LIFE PROVIDED THE APPLICATION AND DISCLOSURE DOCUMENTS THE CLIENT SIGNED, WHICH ACKNOWLEDGE HIS UNDERSTANDING OF THE VARIABLE SUB-ACCOUNTS AND THE FEES ASSOCIATED WITH THE NEW POLICY, IN ADDITION TO THE IR'S CLAIM HE PROVIDED FULL DISCLOSURE OF THE PRODUCT DURING THE PRESENTATION. CLAIM DENIED.
Date: February 25, 2003 Category: Customer Dispute Allegations: SON OF DECEASED CLIENT CLAIMS THAT THE IR AND A FORMER BRANCH OFFICE ADMINISTRATOR (BOA) DID NOT DISTRIBUTE THE FUNDS FROM THE DECEASED'S ACCOUNT PROPERLY AND, THEREFORE, MR. KELLER DID NOT GET HIS ONE-THIRD SHARE OF THE FUNDS IN THE ACCOUNT. FORMER BOA IS MARRIED TO IR AND IS A DAUGHTER OF THE DECEASED. ACCOUNT IN QUESTION WAS A JOINT ACCOUNT WITH THE MOTHER AND TWO DAUGHTERS, INCLUDING THE BOA. SON CLAIMS THAT IR AND BOA BACKDATED RECORDS AND FORGED THE MOTHER'S SIGNATURE SO THEY COULD KEEP MR. KELLER'S SHARE OF THE FUNDS. MR. KELLER FURTHER CLAIMS THAT THE IR, BOA AND THE OTHER SISTER CASHED APPROXIMATELY $85K IN STOCKS THROUGH THE FIRM AND MR. KELLER DID NOT GET HIS SHARE. REQUESTING HIS ONE-THIRD OF THE FUNDS PLUS INTEREST.CLAIM EXCEEDS $5,000 Damage Amount Requested: $28,305.00 Broker Comment: THE ACCOUNT IN QUESTION WAS CODED JOINT WITH RIGHTS OF SURVIVORSHIP, THEREFORE, UPON THE DEATH OF ONE ACCOUNT OWNER THE ASSETS IN THE ACCOUNT BELONGED TO THE SURVIVING OWNERS. MR. KELLER WAS NEVER AN OWNER ON THIS ACCOUNT. THE FIRM'S INVESTIGATION OF THIS MATTER DETERMINED THAT THE ALLEGATIONS OF FORGERY WERE UNFOUNDED. BASED ON OUR INVESTIGATION THERE DID NOT APPEAR TO BE ANY EVIDENCE THAT ACCOUNT DOCUMENTS WERE CREATED OR FORGED IN AN ATTEMPT TO NEGATE MR. KELLER'S PURPORTED CLAIM TO THE ASSETS IN QUESTION. IN FACT, THE FORMER BOA WAS NOT AFFILIATED WITH THE IR'S OFFICE DURING THE TIMEFRAME OF THE ALLEGATIONS MADE BY MR. KELLER. CLAIM DENIED.
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 ORAL BEHUNIN, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.