SEAN MICHAEL FLYNN is currently employed as a Broker and/or Investment Adviser at NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC located at 11440 LAKE SHERWOOD N, STE D, BATON ROUGE, LA, 70816-0406.


Disclosure History

SEAN MICHAEL FLYNN has 1 Disclosure Event(s).

Date: March 24, 2017
Category: Customer Dispute
Allegations: Customer alleged variable annuity contracts were not suitable and is requesting the firm to waive back load surrender charges.
Damage Amount Requested: $11,158.22
Broker Comment: The firm's investigation regarding this matter found that the representative explained the contract features of the Variable Annuity including the withdrawal charges. The firm also found the customer was provided with an appropriate prospectus, the policy contract detailing the contract features, and confirmation and account summary statements. The customer signed the Policy Delivery Acknowledgment which explained the Right to Return provision which allowed for the contract to be returned within 10 days for a full refund of premium. The customer accepted the policy. According to the risk profile completed by the customer and the stated investment objectives, the contract appeared to be suitable for the customer. In addition, when the customer chose to allocate his funds to a fixed investment within the Variable Annuity, the representative explained the fixed rate and specified period for the investment. Based on the firm's thorough review of this matter, it found no evidence that would support waiving the surrender charges.

More Information

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