RHETT DOUGLAS BEDWELL is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 3718 S. Pinnacle Hills Pkwy., Ste. B, Rogers, AR, 72758.
RHETT DOUGLAS BEDWELL has worked at LPL FINANCIAL LLC since November 10, 2017
Disclosure History
RHETT DOUGLAS BEDWELL has 1 Disclosure Event(s).
Date: December 20, 2012 Category: Customer Dispute Allegations: ON SEPTEMBER 21, 2012 CLIENT CLAIMS THE PURCHASED ANNUITY CONTRACT IS NOT WHAT SHE EXPECTED AND CLAIMS SHE WAS TOLD THE AMOUNT SHE INVESTED WOULD NOT DECREASE. SHE HAS LEARNED THERE IS AN INCOME BENEFIT THAT WILL NOT GO DECREASE; HOWEVER, HER PRINCIPAL CAN DECREASE. CLIENT ALSO CLAIMS SHE DID NOT KNOW THE FEES WERE SO HIGH. CLIENT STATES SHE WANTED A SAFE INVESTMENT WITH NO RISK AND THE PURCHASED ANNUITY DOES NOT PROVIDE THAT. CLIENT WANTS HER INVESTED MONEY OUT OF THE ANNUITY SHE PURCHASED. Damage Amount Requested: $5,000.00 Broker Comment: RECORDS REFLECT THE ANNUITY WAS ISSUED SEPTEMBER 21, 2012 IN THE PRINCIPAL AMOUNT OF $207,000.00. CLIENT EXECUTED, ON SEPTEMBER 13, 2012, THE VARIABLE ANNUITY: PURCHASE IN A TAX QUALIFIED ACCOUNT/PLAN ACKNOWLEDGEMENT LETTER. CLIENT ACKNOWLEDGED, BY SIGNING THIS DOCUMENT, SHE WAS AWARE OF RISKS, FEES, WITHDRAWALS, EXPENSES AND THAT SHE RECEIVED THE PROSPECTUS, ETC. CLIENT ALSO SIGNED THE ANNUITY DELIVERY RECEIPT ON OCT 1, 2012 REFLECTING HER RECEIPT OF THE CONTRACT. WHILE THERE IS A RIGHT TO CANCEL PROVISION, CLIENT DID NOT REQUEST THE CANCELLATION OF THE CONTRACT WITHIN THE TIME SPECIFIED. CLAIM DENIED.
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