RENU KALLIANPUR is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 3 LEAR JET LN STE 200, Latham, NY, 12110.
RENU KALLIANPUR has worked at LPL FINANCIAL LLC since February 14, 2018
Disclosure History
RENU KALLIANPUR has 1 Disclosure Event(s).
Date: July 28, 2009 Category: Customer Dispute Allegations: CLIENTS ALLEGE THEY REPLACED THEIR EXISTING WHOLE LIFE INSURANCE POLICY WITH A NEW VARIABLE LIFE INSURANCE POLICY BASED ON THE AGENT'S REPRESENTATION THAT IT WOULD BE MORE BENEFICIAL SINCE IT WOULD PROVIDE A 12% RATE OF RETURN. CLIENTS ALLEGE THEY HAVE NOW LEARNED THAT THE CURRENT VARIABLE LIFE INSURANCE POLICY CASH VALUE HAS DIMINISHED TO THE POINT WHERE IT WILL SOON BE INSUFFICIENT TO CONTINUE COVERAGE FOR THE DEATH BENEFIT. CLIENTS ARE REQUESTING THE FIRM TO CONVERT THE POLICY BACK TO THE ORIGINAL WHOLE LIFE POLICY WITHOUT ANY FINANCIAL LOSS OR COVERAGE. DAMAGES UNSPECIFIED. Settlement Amount: $77,032.73 Broker Comment: THE FIRM FOUND NO BASIS TO THE CUSTOMER'S COMPLAINT. BASED UPON APPEAL RECEIVED OCTOBER 6, 2009, THE FIRM AGREED TO CANCEL THE VARIABLE LIFE INSURANCE POLICY AND RESTORE THE WHOLE LIFE POLICY. LOSS TO FIRM: $77,032.73
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