SEEMA SETHI is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 2900 ADAMS ST. STE A-370, RIVERSIDE, CA, 92504.
SEEMA SETHI has worked at LPL FINANCIAL LLC since October 29, 2007
SEEMA SETHI has 3 Disclosure Event(s).
Date: March 02, 2007 Category: Customer Dispute Allegations: THE CLIENT ALLEGED THE VARIABLE UNIVERSAL LIFE (VUL) POLICIES WERE UNSUITABLE INVESTMENT RECOMMENDATIONS. ALSO, THE CLIENT ALLEGED I PROVIDED GUARANTEED RETURNS. THE VUL'S WERE PURCHASED ON 01/28/04 TO 03/02/04. Damage Amount Requested: $12,856.00 Settlement Amount: $12,856.00 Broker Comment: THE FIRM FOUND THE POLICIES TO BE UNSUITABLE GIVEN THE CLIENTS FINANCIAL CONSIDERATIONS AND INSURANCE NEEDS. THE FIRM CANCELLED THE POLICIES WAIVED THE SURRENDER CHARGES AND RETURNED ALL PREMIUMS PAID.
Date: October 05, 2006 Category: Customer Dispute Allegations: CLIENT ALLEGED HER INVESTMENTS ARE NOT SUITABLE FOR HER INVESTMENT GOALS.THE LOSS OF OVERALL PORTFOLIO IS $5400.00 Damage Amount Requested: $5,400.00 Broker Comment: BASED ON A LACK OF INFORMATION FROM THE CLIENT WE WERE UNABLE TO REACH A CONCLUSION RELATED TO THE SUITABILITY OF THE REIT.
Date: January 31, 2006 Category: Customer Dispute Allegations: THE CLIENTS ALLEGED THE VUL POLICY I SOLD TO THEM IN 2003 WAS AN UNSUITABLE INVESTMENT. THEY REQUESTED THE WAIVER OF SURRENDER CHARGES. Damage Amount Requested: $12,345.00 Settlement Amount: $12,345.00 Broker Comment: THE FIRM FOUND THE CLIENTS UNDERSTOOD AND AGREED TO THE PURCHASE OF LIFE INSURANCE, HOWEVER, THE PURCHASE MAY NOT HAVE BEEN SUITABLE FOR THEM GIVEN THEIR EXPECTED SHORT TERM NEEDS FOR THE ASSETS TO FU ND THEIR CHILDRENS' EDUCATIONS. THE FIRM WAVIED THE CHARGES ON THE SURRENDER OF THE POLICY.
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