R DAVID CANADAY is currently employed as a Broker and/or Investment Adviser at P.J. ROBB VARIABLE CORPORATION located at 21550 OXNARD STREET, WOODLAND HILLS, CA, 91367.
R DAVID CANADAY has worked at P.J. ROBB VARIABLE CORPORATION since April 03, 2013
Disclosure History
R DAVID CANADAY has 2 Disclosure Event(s).
Date: February 18, 1999 Category: Customer Dispute Allegations: CLIENT ALLEGED MISREPRESENTATION IN REGARD TOSALE OF LIFE INSURANCE POLICY Damage Amount Requested: $9,000,000.00 Settlement Amount: $450,000.00 Broker Comment: MERRILL LYNCH SETTLED THE MATTER FOR $450,000CLIENT FILED SUIT AGAINST R. DAVID CANADAY,MERRILL LYNCH AND CROW LIFE INSURANCE COMPANY. MERRILL LYNCHREVIEWED THE ALLEGATIONS, FACTS AND FILES AND PROVIDEDREPRESENTATION FOR CANADAY. THE CASE WAS SETTLED OVER ISSUESBROUGHT TO LIGHT IN A PRIOR CLASS ACTION SUIT AGAINST CROWNLIFE.
Date: February 05, 1987 Category: Customer Dispute Allegations: INADVERTANT SURRENDER OF AN ANNUITY POLICYWHICH WAS AN I.R.A. AMOUNT OF 21,342.00 Damage Amount Requested: $21,342.00 Settlement Amount: $21,342.00 Broker Comment: FIRM SETTLED WITH CLIENTS BY MAKING OFFER TO PAYTAX PENALTIES ON EARLY WITHDRAWAL OF IRA'S. MERRILL LYNCHSETTLED AND DID NOT ASK MR. CANADY TO CONTRIBUTE TO THESETTLEMENT. MERRILL LYNCH SETTLED FOR $21,342.00IN AN ESTATE PLANNING PROCESS A NUMBER OF LIFEINSURANCE POLICIES WERE CANCELLED. MY OFFICE INADVERTANTLYCANCELLED AN ANNUITY POLICY WHICH WAS AN IRA. THE [CUSTOMERS]RECEIVED A TAX & PENALTY NOTICE FOR PREMATURE IRA SURRENDER. BYMY SUGGESTION, THE FIRM CORRECTED THE ERROR BY REIMBURSING THECLIENT THE TAX PENALTIES. I AM UNAWARE OF THE FINAL DOLLARSETTLEMENT FIGURE.
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