ROBERT CALVIN JOHNSON is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 419 RIVERWOOD DR STE 102, STE 102, BISMARCK, ND, 58504.
ROBERT CALVIN JOHNSON has worked at SECURITIES AMERICA, INC. since May 06, 2011
Disclosure History
ROBERT CALVIN JOHNSON has 2 Disclosure Event(s).
Date: October 10, 2011 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT AGENT REPRESENTED THAT THE INITIAL AND QUARTERLY PREMIUMS WOULD BE ADEQUATE TO KEEP IN FORCE HIS 1993 VARIABLE LIFE INSURANCE POLICY. HE SUBSEQUENTLY REDUCED THE FACE AMOUNT OF THE POLICY TWO TIMES AND THE PROJECTION STILL SHOWS THAT THE POLICY WILL TERMINATE IN 25 OR 26 YEARS. CLIENT IS REQUESTING AN INVESTIGATION OF THIS MATTER. DAMAGES UNSPECIFIED. Broker Comment: THE PRIOR FIRM FOUND NO BASIS TO THE CUSTOMER'S ALLEGATIONS.
Date: May 02, 2007 Category: Customer Dispute Allegations: CLIENT ALLEGES MISREPRESENTATION IN THE SALE OF A 2007 BROKERAGE ACCOUNT. CLIENT ALLEGES HE WAS INFORMED BY BOTH AGENTS THAT THERE WOULD BE NO UPFRONT FEES ON HIS NEW INVESTMENTS. CLIENT IS REQUESTING FOR THE EXPENSE OF THE SALES LOAD AMOUNT RETURNED TO HIS ACCOUNT. Damage Amount Requested: $10,112.00 Settlement Amount: $13,550.08 Broker Comment: THE PARTIES AGREED TO THE REFUND OF THE SALES LOADS INCURRED IN THE PURCHASE OF FIVE CLASS A MUTUAL FUNDS. LOSS TO FIRM: $10,112.00. ON 9/25/07 AN AMENDMENT WAS MADE TO THE INITIAL SETTLEMENT TO INCLUDE AN ADDITIONAL PAYMENT OF $3438.08 FROM THE FIRM TO THE CUSTOMER, WHICH REPRESENTED REIMBURSEMENT FOR THE FEDERAL AND STATE TAX CONSEQUENCES INCURRED FROM A REFUND OF THE SALES LOADS. TOTAL LOSS TO FIRM: $13,550.08.
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