SPENCER LUND WESTON

SPENCER LUND WESTON is currently employed as a Broker and/or Investment Adviser at QUESTAR CAPITAL CORPORATION located at 3420 COACH LANE, SUITE 3, CAMERON PARK, CA, 95682.

SPENCER LUND WESTON has worked at QUESTAR CAPITAL CORPORATION since October 23, 2012

Disclosure History

SPENCER LUND WESTON has 2 Disclosure Event(s).

Date: September 26, 2016
Category: Customer Dispute
Allegations: ALLEGED UNSUITABILITY OF INVESTMENT.
Damage Amount Requested: $25,000.00
Broker Comment: AFTER MEETING WITH THE CLIENT AND PROVIDING BROKER DEALER APPROVED SALES MATERIAL, AND A FULL EXPLANATION OF THE PRODUCT FEATURES INCLUDING ALL FEES AND EXPENSES AND LIQUIDATION OPTIONS, THE CLIENT CHOSE TO PUT APPROXIMATELY 4% OF THEIR TOTAL INVESTIBLE ASSETS FOR THE ATTRACTIVE INCOME BENEFIT, AND DIVERSIFY THE PORTFOLIO INTO AN "ALTERNATIVE" INVESTMENT EQUIPMENT LEASING PROGRAM. THE CLIENT UNDERSTOOD THE ILLIQUIDITY AND 6-8 YEAR TIME COMMITTMENT, BUT CHOSE TO REQUEST A FULL REFUND AFTER 2 YEARS. INVESTMENT WILL END UP RETURNING APPROXIMATELY 70-85% OF THE ORIGINAL AMOUNT INVESTED.

Date: December 03, 2014
Category: Customer Dispute
Allegations: CLIENT FEELS THE ANNUITY SOLD TO HER WAS NOT SUITABLE IN SEPTEMBER 2011. SHE SEEKS TO GET OUT OF THE ANNUITY WITH NO SURRENDER CHARGE.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

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.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for SPENCER LUND WESTON, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.