OSWALD ROBERT DONALDSON is currently employed as a Broker and/or Investment Adviser at COMMONWEALTH FINANCIAL NETWORK located at 700 N. CENTRAL AVE., #570, Suite 910, GLENDALE, CA, 91203.
OSWALD ROBERT DONALDSON has worked at COMMONWEALTH FINANCIAL NETWORK since March 17, 2003
Disclosure History
OSWALD ROBERT DONALDSON has 2 Disclosure Event(s).
Date: February 24, 2014 Category: Customer Dispute Allegations: THE SUIT IN QUESTION STEMS FROM AN INSURANCE PREMIUM THAT THE CUSTOMER PAID AND FOR WHICH THEY SUBSEQUENTLY CHANGED THEIR MIND AND SOUGHT RETURN OF FROM THE INSURANCE CARRIER. Damage Amount Requested: $60,000.00 Settlement Amount: $14,999.00 Broker Comment: THE CUSTOMER'S CHARGE WAS "CONVERSION", A MERITLESS COMPLAINT. ALL RECORDS SHOW THAT REGISTERED REPRESENTATIVE (RR), COULD NOT HAVE "CONVERTED" ANY FUNDS, GIVEN THAT RR AT NO POINT HAD CONTROL OF, ACCESS TO, NOR POSSESSION OF CUSTOMER FUNDS. THIS SUIT AROSE FROM THE ADULT CHILDREN OF A DECADE LONG CLIENT. THE CHILDREN HAD A VERY LIMITED PERSPECTIVE ON THEIR PARENTS' INVESTMENT PLANNING HISTORY AND POSSESSED VERY LIMITED INVESTMENT EXPERIENCE OF THEIR OWN. BY REVERSING THE PREMIUM PAYMENT IN QUESTION, THE CHILDREN EXPOSED THEIR PARENTS' ESTATES TO ESTATE TAXES THAT WOULD HAVE OTHERWISE BEEN PAID BY THE INSURANCE POLICY.".
Date: August 01, 1989 Category: Regulatory
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