SCOTT THOMAS PENNING is currently employed as a Broker and/or Investment Adviser at NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC located at 5251 W 116TH PL STE 300, LEAWOOD, KS, 66211.
SCOTT THOMAS PENNING has worked at NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC since November 10, 1994
Disclosure History
SCOTT THOMAS PENNING has 4 Disclosure Event(s).
Date: October 06, 2005 Category: Customer Dispute Allegations: CLIENTS ALLEGETHEY WERE SOLD VARIABLE LIFE INSURANCE POLICIES BASED ON MISREPRESENTATIONS OF PRODUCT COSTS AND FEATURES. Damage Amount Requested: $47,898.30 Settlement Amount: $25,000.00 Broker Comment: CIVIL LITIGATION NAMING REPRESENTATIVE, AGENCIES, FIRM, AND INSURANCE COMPANY AS DEFENDANTS SETTLED PER AGREEMENT OF ALL PARTIES. REPRESENTATIVE EXPRESSLY DENIED LIABILITY. REPRESENTATIVE CONTRIBUTED $1,000 OF TOTAL SETTLEMENT OF $25,000.
Date: April 21, 2004 Category: Customer Dispute Allegations: IN AN ORAL COMPLAINT CUSTOMER ALLEGES THAT THE REPRESENTATIVE MISREPRESENTED CERTAIN ELEMENTS OF A VARIABLE INSURANCE POLICY HE PURCHASED. Settlement Amount: $647,720.00
Date: October 02, 2003 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE REPRESENTATIVE MISREPRESENTED THE FEATURES OF THE VARIABLE LIFE POLICY SOLD TO THEM. Damage Amount Requested: $75,000.00 Settlement Amount: $9,000.00 Broker Comment: OF THE $9000 SETTLEMENT, $6000 IS ALLOTTED TO CLARKE AND $3000 TO RAYMOND. PENNING CONTRIBUTED $333.34 PER COMPLAINANT.
Date: February 27, 2003 Category: Customer Dispute Allegations: CUSTOMER ALLEGES REPRESENTATIVE MISREPRESENTED THE FEATURES OF THE VARIABLE LIFE POLICY SOLD TO HIM. Damage Amount Requested: $75,000.00 Settlement Amount: $9,000.00 Broker Comment: NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY CONCLUDED ITS INVESTIGATION, FINDING NO EVIDENCE TO SUPPORT THE CLIENT'S ALLEGATIONS.
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