SANDRA LEE MOERMAN is currently employed as a Broker and/or Investment Adviser at KESTRA INVESTMENT SERVICES, LLC located at 6100 STADIUM DR, KALAMAZOO, MI, 49009.
SANDRA LEE MOERMAN has worked at KESTRA INVESTMENT SERVICES, LLC since April 18, 2016
SANDRA LEE MOERMAN has 2 Disclosure Event(s).
Date: September 01, 2010 Category: Customer Dispute Allegations: THE CLIENTS WERE SOLD A 20 ENDOWMENT POLICY WHICH WAS TO BE PAID UP IN TWENTY YEARS, BUT NOW THEY STILL HAVE TO PAY INTO THE POLICY TO KEEP IT IN FORCE. THE 20 YEAR ENDOWMENT POLICY, HOWEVER, WAS CONVERTED TO A WESTERN RESERVE LIFE PURE PROTECTOR POLICY WHEN THE AGENT, NOW DECEASED, TRANSFERRED TO WESTERN RESERVE LIFE. WESTERN RESERVE LIFE DISCONTINUED WRITING THE PURE PROTECTOR POLICY AND ALLOWED AGENTS TO REWRITE THEM AS VUL POLICIES. REPRESENTATIVE SANDRA MOERMAN REWROTE THE POLICY AS A VUL IN SEPTEMBER, 1990. Damage Amount Requested: $15,090.72 Broker Comment: THE COMPLAINT WAS DENIED AS BEING WITHOUT MERIT.
Date: March 11, 2003 Category: Customer Dispute Allegations: REGARDING VARIABLE ANNUITIES PURCHASED BY CUSTOMER SINCE 1997, CUSTOMER ALLEGES BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT, FRAUDULENT MISREPRESENTATION, NEGLIGENT MISREPRESENTATION, AND VIOLATION OF MICHIGAN SECURITIES ACT. DAMAGES UNSPECIFIED, BUT BELIEVED TO BE IN EXCESS OF $25K. Settlement Amount: $200,000.00 Broker Comment: LITIGATION SETTLED ON 11/15/05 FOR $200,000.
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