SCOTT TRAVIS SNELLING is currently employed as a Broker and/or Investment Adviser at KESTRA INVESTMENT SERVICES, LLC located at 119 Old State Rd, Ellisville, MO, 63021.
SCOTT TRAVIS SNELLING has worked at KESTRA INVESTMENT SERVICES, LLC since October 12, 2017
SCOTT TRAVIS SNELLING has 4 Disclosure Event(s).
Date: October 11, 2016 Category: Customer Dispute Allegations: Attorney for client alleging unsuitable variable annuity investment.
Date: December 15, 2014 Category: Financial Type: Compromise Disposition: Direct Payment Procedure Broker Comment: This settlement was initiated and paid during divorce proceedings."
Date: September 17, 2008 Category: Customer Dispute Allegations: POLICY OWNER CLAIMS HE WAS NOT MADE AWARE OF THE 5-YEAR NO LAPSE PROVISION WHEN HE PURCHASED HIS POLICY ON 7/27/03, THAT IT WAS AN INAPPROPRIATE PRODUCT FOR HIM AND NOW POLICY HAS LAPSED. Damage Amount Requested: $17,000.00
Date: December 22, 2004 Category: Customer Dispute Allegations: ALLEGES RECOMMENDATION TO PURCHASE TWO WHOLE LIFE INSURANCE POLICIES ON OR ABOUT 11/27/2003 WITH ANNUAL PREMIUMS TOTALING $60000.00 BASED ON CLIENT'S STATED RETIREMENT OBJECTIVES. Damage Amount Requested: $60,000.00 Broker Comment: THE CUSTOMER COMPLAINT WAS BASED ON A RECOMMENDATION I WAS NOT INVOLVED IN. MY ONLY CONTACT WITH THE CLIENT WAS ONE OF THE INITIAL MEETINGS IN WHICH I HELPED EXPLAIN TO THE WASKOWS HOW HER PENSION OFFERED A PARTIAL LUMP SUM OPTION, AND THE DIFFERENT JOINT & SURVIVOR OPTIONS THAT SHE HAD TO CHOOSE FROM. IN DISCUSSING THE LUMP SUM, WE ONLY DISCUSSED INVESTMENTS IN GENERAL, SPENDING MOST OF OUR TIME ON THE DIFFERENCE BETWEEN MUTUAL FUNDS AND VARIABLE ANNUITIES. THERE WAS NO SPECIFIC RECOMMENDATION MADE WHATSOEVER. THE WASKOWS WERE REFERRED BY DAVE WORLEY TO PENSION ADVISORS AND JOHN BROOKS OVER A MONTH LATER, AND THEIR COMPLAINT REVOLVED AROUND WHAT WAS RECOMMENDED AND IMPLEMENTED FROM THAT MEETING FORWARD.I WAS NOT A PARTICIPANT IN ANY FURTHER MEETING, NOR WAS I INCLUDED ON ANY CODING OF COMMISSIONS ON THE PRODUCTS IMPLEMENTED FOR THE WASKOWS. AS FOR THE COMPLAINT, THE CURRENT STATUS THAT I WAS MADE AWARE OF IS AS FOLLOWS: THE WASKOWS MET WITH SEVERAL REPS INVOLVED ON THE CASE, ALONG WITH LEGAL REPRESENTATION FROM BOTH SIDES. IT IS MY UNDERSTANDING THAT NO LAWSUIT WILL BE BROUGHT, AND THAT THE CLIENTS ARE CONSIDERING CONTINUING WITH THE PLAN ORIGINALLY RECOMMENDED BY OUR OTHER REPS.
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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