POONUM VASISHTH

POONUM VASISHTH is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 1301 A STREET, SUITE 300, TACOMA, WA, 98402.

POONUM VASISHTH has worked at MORGAN STANLEY since December 10, 2010

Disclosure History

POONUM VASISHTH has 2 Disclosure Event(s).

Date: September 30, 2014
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES VARIABLE ANNUITY PURCHASED IN 2007 WAS MISREPRESENTED. COMPENSATORY DAMAGES NOT SPECIFIED BUT REASONABLY BELIEVED THAT CUSTOMER SEEKS OVER $5,000 IN DAMAGES.
Broker Comment: CLAIM HAS BEEN DENIED. FIRM'S INVESTIGATION CONCLUDED THAT TRANSACTION WAS FULLY DISCUSSED, DOCUMENTED AND AUTHORIZED. CUSTOMER INVESTED A TOTAL OF $110,853, AND RECEIVED A TOTAL OF $106,065 IN DISTRIBUTIONS AND SURRENDER, SO ACTUAL INVESTMENT LOSS WAS $4,788. PRODUCT HAD BEEN PURCHASED TO PROVIDE LIFETIME INCOME OF 6% OF AT LEAST HER INITIAL INVESTMENT, WHICH CUSTOMER HAD BEEN RECEIVING BEFORE SHE SURRENDERED THE CONTRACT IN 2011 WITHOUT SPEAKING WITH REPRESENTATIVE ABOUT THE CONSEQUENCES OF THAT.

Date: March 18, 2011
Category: Customer Dispute
Allegations: CUSTOMER ALLEGED THAT RECOMMENDATION TO EXCHANGE VARIABLE ANNUITY IN AUGUST 2010 WAS UNSUITABLE AND SOUGHT TO HAVE TRANSACTION REVERSED.

More Information

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