RITA ELLEN GIBSON

RITA ELLEN GIBSON is currently employed as a Broker and/or Investment Adviser at HORNOR, TOWNSEND & KENT, INC. located at 601 UNIVERSITY AVE #140, SACRAMENTO, CA, 95825.

RITA ELLEN GIBSON has worked at HORNOR, TOWNSEND & KENT, INC. since June 19, 1989

Disclosure History

RITA ELLEN GIBSON has 1 Disclosure Event(s).

Date: March 04, 1998
Category: Customer Dispute
Allegations: CLAIMANTS ALLEGED THAT THEY HAD PLACED LIFEINSURANCE ON [CUSTOMER], WHO SUBSEQUENTLY SUFFERED A HEARTATTACK THAT THEY HAD BECAME UNINSURABLE. DEFENSE WAS THAT[SPOUSE] HAD CANCELLED UNDERWRITING IN PROGRESS BYWRITTEN CANCELLATION. CASE SETTLED ON A COST OF DEFENSE BASIS.CLAIM OF $63,000 WAS PAID. SPLIT 50/50 BETWEEN RITA GIBSON &PENN MUTUAL
Damage Amount Requested: $63,000.00
Settlement Amount: $63,000.00
Broker Comment: $63,000 AS A RESULT OF NEGOTIATED SETTLEMENT[SPOUSE] CANCELLED UNDERWRITING BYWRITTEN NOTIFICATION TO AGENT, BUT CARRIER FAILED TO RETURNINITIAL PREMIUM. [SPOUSE] CLAIMED THAT CANCELLATION PERTAINEDTO OTHER POLICIES AND SOUGHT DAMAGES FOR "FAILURE TO INSURE"DESPITE FAILING TO PROCEED WITH UNDERWRITING AND ABSENCE OFDELIVERY OF ANY POLICY.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for RITA ELLEN GIBSON, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.