PAUL ALBERT MARRELLA is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES FINANCIAL SERVICES, INC. located at 1250 BROADCASTING ROAD, SUITE 102, WYOMISSING, PA, 19610.
PAUL ALBERT MARRELLA has worked at RAYMOND JAMES FINANCIAL SERVICES, INC. since January 12, 2001
Disclosure History
PAUL ALBERT MARRELLA has 1 Disclosure Event(s).
Date: July 08, 1998 Category: Customer Dispute Allegations: OMISSION OF FACTS REGARDING TERMINATION OFLIFE INSURANCE POLICY. DAMAGES NOT SPECIFIED. Damage Amount Requested: $105,000.00 Broker Comment: NOT PROVIDED[CUSTOMER] RETIRED FROM EDUCATION IN 1985 ANDCHOSE TO PROTECT HIS WIFE WITH A LIFE INSURANCE CONTRACT IN THE EVENT HE PREDECEASED HER. IN LATE 1997 [SPOUSE] DIED.SHORTLY THERE AFTER, I MET WITH [CUSTOMER] AND DISCUSSED HISOPTIONS. IT IS IMPORTANT TO NOTE THAT WHEN [SPOUSE] DIED,THE ORIGINAL PURPOSE OF PURCHASING THE CONTRACT WAS GONE ASWELL. THUS, HE CHOSE TO TERMINATE THE POLICY, ELIMNATE THEPREMIUM OBLIGATION AND TURNOVER THE SURRENDER VALUES TO HISCHILDREN. OBVIOUSLY, WE WERE NOT AWARE THAT HE HAD A BLOODDISORDER AT THAT TIME.
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