RICHARD HENRY GIBBS

RICHARD HENRY GIBBS is currently employed as a Broker and/or Investment Adviser at PRUCO SECURITIES, LLC. located at 214 N. WASHINGTON STREET, ROME, NY, 13440.

RICHARD HENRY GIBBS has worked at PRUCO SECURITIES, LLC. since February 06, 2002

Disclosure History

RICHARD HENRY GIBBS has 1 Disclosure Event(s).

Date: November 30, 2007
Category: Customer Dispute
Allegations: 10/27/11 - ADDITIONAL ALLEGATIONS WERE RECEIVED ON 10/27/11 ALLEGING THE REP DID NOT FULLY DISCLOSE ALL THE FACTS REGARDING THE GUARANTEES AND RISKS OF THE POLICY. REGARDING THE PURCHASE OF VARIABLE LIFE INSURANCE POLICIES, THE CLIENT ALLEGED MISREPRESENTATION REGARDING PREMIUMS.
Broker Comment: THIS CONCERNS A POLICY INCLUDED IN THE CLASS OF POLICIES THAT WAS THE SUBJECT OF A NATIONWIDE CLASS ACTION SETTLEMENT IN WHICH PRUDENTIAL, ITS INSURANCE AFFILIATES AND PERSONNEL WERE RELEASED CONCERNING LIFE INSURANCE SALES PRACTICES. THE CLASS ACTION SETTLEMENT REMEDIATION PROCESSES FOR ADDRESSING CLAIMS FOR POLICIES INCLUDED IN THE CLASS HAVE CONCLUDED. BECAUSE THE COMPANY AND THE REPRESENTATIVE(S) WERE RELEASED FROM ANY FURTHER LIABILITY OR OBLIGATION WITH RESPECT TO CLAIMS LIKE THOSE MADE BY THE POLICYHOLDER, THE COMPANY IS NOT REVIEWING THIS INQUIRY AND IS MAKING NO FINDING OR FURTHER FILING REGARDING THIS INQUIRY.

More Information

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