RAYMOND JON TEN HOOPEN

RAYMOND JON TEN HOOPEN is currently employed as a Broker and/or Investment Adviser at AXA ADVISORS, LLC located at 1000 WOODBURY ROAD, SUITE 300, WOODBURY, NY, 11797.

RAYMOND JON TEN HOOPEN has worked at AXA ADVISORS, LLC since August 27, 1986

Disclosure History

RAYMOND JON TEN HOOPEN has 2 Disclosure Event(s).

Date: November 09, 2009
Category: Customer Dispute
Allegations: CUSTOMERS ALLEGE UNSUITABILITY AND MISREPRESENTATION IN CONNECTION WITH THE PURCHASE OF A VARIABLE LIFE INSURANCE POLICY DURING 1999 AND QUALCOMM SECURITIES DURING 2000. CUSTOMERS FURTHER ALLEGE UNAUTHORIZED TRADING OF SECURITIES IN SUB-ACCOUNTS. DAMAGES OF AT LEAST $500,000 ARE BEING SOUGHT.
Damage Amount Requested: $500,000.00
Broker Comment: I AM SIGNING THIS AMENDED FORM U4, PER FINRA REGULATIONS REGARDING ANY ALLEGED COMPLAINT AND SUBSEQUENT ACTIONS INVOLVING A REGISTERED REPRESENTATIVE. HOWEVER, I DO NOT AGREE. ALSO, THE LETTER OF COMPLAINT THAT MENTIONS ME IS COMPLETELY INACCURATE AND FALSE BECAUSE I WAS NEVER INVOLVED IN ANY MEETING OR DISCUSSION WITH THEM REGARDING THEIR LIFE INSURANCE POLICY OR STOCK PURCHASE.THE FIRM HAS FOUND NO BASIS TO THE CUSTOMER'S COMPLAINT.

Date: October 20, 2009
Category: Customer Dispute
Allegations: ATTORNEY ALLEGES THAT THE PURCHASE OF A VARIABLE ANNUITY WAS NOT A SUITABLE INVESTMENT BECAUSE THE PRODUCT DID NOT OFFER THE OPPORTUNITY TO INVEST IN NONPROPRIETARY PRODUCTS, IT HAD SURRENDER CHARGE SCHEDULES THAT WERE LONGER AND HIGHER THAN OTHERS IN THE MARKET AND THE SURRENDER CHARGES WERE NOT ADEQUATELY DISCLOSED. CLIENT IS REQUESTING THE ABILITY TO TRANSFER THE PLAN INVESTMENTS TO A MORE SUITABLE INVESTMENT PLATFORM WITHOUT THE IMPOSITION OF A WITHDRAWAL CHARGE. DAMAGES UNSPECIFIED.
Broker Comment: THE FIRM FOUND NO BASIS TO THE CUSTOMER COMPLAINT.

More Information

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