RONALD GAHLEONG KAM is currently employed as a Broker and/or Investment Adviser at FIRST ALLIED SECURITIES, INC. located at 1600 KAPIOLANI BLVD, SUITE #1408, HONOLULU, HI, 96814.
RONALD GAHLEONG KAM has worked at FIRST ALLIED SECURITIES, INC. since December 03, 2007
Disclosure History
RONALD GAHLEONG KAM has 1 Disclosure Event(s).
Date: June 11, 2012 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT HER MARCH 2001 PURCHASE OF A NATIONWIDE VARIABLE UNIVERSAL LIFE POLICY WAS UNSUITABLE, WHERE SHE DID NOT UNDERSTAND THIS WAS A SECURITIES PRODUCT AND DID NOT UNDERSTAND THE POSSIBLE LOSSES OR RISKS. CUSTOMER SEEKS REIMBURSEMENT OF FUNDS PAID TO NATIONWIDE, WHICH TOTAL $34,071.79. REPRESENATIVE DENIES ALL ALLEGATIONS, AND MAINTAINS THAT HE PROVIDED CUSTOMER WITH A SUITABLE AND APPROPRIATE RECOMMENDATION FOR THE PURCHASE OF THIS POLICY, AS IT MET WITH HER STATED INVESTMENT OBJECTIVES AND DESIRES TO PURCHASE INSURANCE AND PROVIDE A DEATH BENEFIT TO HER CHILDREN UPON HER PASSING. REPRESENTATIVE FURTHER MAINTAINS THAT HE PROVIDED CUSTOMER WITH COMPLETE AND ACCURATE INFORMATION CONCERNING THIS PRODUCT, INCLUDING ITS TERMS, FEATURES, BENEFITS, CONDITIONS, AND INVESTMENT RISKS, AND THAT CUSTOMER MADE A FULLY-INFORMED DECISION. Damage Amount Requested: $25,000.00
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