SHAWN DAVID MORIN is currently employed as a Broker and/or Investment Adviser at MML INVESTORS SERVICES, LLC located at 302 MOUNTAIN VIEW DRIVE SUITE 201, COLCHESTER, VT, 05446.
SHAWN DAVID MORIN has worked at MML INVESTORS SERVICES, LLC since March 25, 2017
Disclosure History
SHAWN DAVID MORIN has 5 Disclosure Event(s).
Date: May 02, 2016 Category: Customer Dispute Allegations: The customer maintains that her variable annuity purchased in or around May 2013 was an unsuitable recommendation. It was her understanding that she could access her funds at any time without incurring surrender charges associated with the policy. Damage Amount Requested: $6,974.44 Settlement Amount: $11,119.97 Broker Comment: The company determined that the matter was not substantiated against the RR. In the interest of good customer relations and to resolved any misunderstanding that may have occurred, the company rescinded the policy.
Date: November 24, 2014 Category: Customer Dispute Allegations: THE CUSTOMERS ALLEGE THAT THEY WERE NOT MADE AWARE OF THE FRONT-END SALES CHARGES OF TWO MUTUAL FUNDS PURCHASED IN JANUARY AND JULY OF 2014 WHEN THE RECOMMENDATIONS WERE MADE TO TRANSFER FUNDS FROM A VARIABLE ANNUITY POLICY. THE CUSTOMERS ARE REQUESTING THAT THE PROCEEDS BE RESTORED RETROACTIVELY TO THEIR VARIABLE ANNUITY POLICY WITHOUT PENALTY. Damage Amount Requested: $7,145.65 Settlement Amount: $7,372.23
Date: January 08, 2013 Category: Customer Dispute Allegations: THE CUSTOMERS ALLEGE THAT THE FOUR VARIABLE ANNUITY POLICIES PURCHASED IN APRIL 2010 WERE NOT SUITABLE FOR THEM AND WERE MISREPRESENTED AS THEIR ONLY INVESTMENT OPTION WITH THE COMPANY. Damage Amount Requested: $14,662.65 Settlement Amount: $14,962.65
Date: February 23, 2011 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT THE RR DID NOT INFORM HIM OF THE TAX LIABILITY ASSOCIATED WITH THE WITHDRAWAL OF FUNDS FROM HIS VARIABLE ANNUITY POLICY IN DECEMBER 2010, WHICH HAS RESULTED IN TAX PENALTIES. Damage Amount Requested: $36,000.00 Settlement Amount: $55,763.00
Date: January 29, 2009 Category: Customer Dispute Allegations: WITH REGARD TO A VARIABLE ANNUITY PURCHASED IN JANUARY 2008, CUSTOMER ALLEGES THAT AGENT NEVER MENTIONED THEIR ANNUITY CONTRACT WAS LOCKED IN FOR SIX YEARS. CUSTOMER MAINTAINS IF THEY HAVE KNOWN ABOUT THIS INFORMATION THEY WOULD NOT HAVE AGREED TO A SIX YEAR OBLIGATION. Damage Amount Requested: $5,072.68
More Information
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