ROBERT MICHAEL SCOTT is currently employed as a Broker and/or Investment Adviser at AXA ADVISORS, LLC located at 2024 ARKANSAS VALLEY DR, SUITE 802, LITTLE ROCK, AR, 72212.
ROBERT MICHAEL SCOTT has worked at AXA ADVISORS, LLC since November 15, 1981
Disclosure History
ROBERT MICHAEL SCOTT has 1 Disclosure Event(s).
Date: March 15, 2005 Category: Customer Dispute Allegations: CLIENT ALLEGES HE WAS NOT MADE AWARE OF WITHDRAWAL PENALTIES REGARDING THE SALE OF HIS 2003 IRA ANNUITY CONTRACT. CLIENT ALLEGES THAT HE WAS TOLD BY THE COMPANY HE COULD NOT MAKE NEW CONTRIBUTIONS TO HIS EXISTING PLAN & IN ORDER TO MAKE FUTURE CONTRIBUTIONS, HE NEEDED TO SET UP A SIMPLE IRA. CLIENT ALLEGES THAT HAD HE HAD KNOWN THIS NEW ACCOUNT HAD A 6% WITHDRAWAL CHARGE ON FUNDS LESS THAN 6 YEARS OLD AND THAT HIS MONEY WAS NOT FULLY VESTED, HE WOULD NEVER EXCEPTED THE TERMS OF THIS ACCOUNT. CLIENT IS ASKING FOR THE MATTER TO BE INVESTIGATED. DAMAGES ARE UNSPECIFIED. Broker Comment: THE FIRM FOUND NO CONTRACTUAL BASIS TO WAIVE THE CONTINGENT WITHDRAWAL CHARGE ASSOCIATED WITH THE ANNUITY CONTRACT.
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