STEPHEN SHEEHAN MCGUIRK is currently employed as a Broker and/or Investment Adviser at MML INVESTORS SERVICES, LLC located at 6 CORPORATE DRIVE, SHELTON, CT, 06484.
STEPHEN SHEEHAN MCGUIRK has worked at MML INVESTORS SERVICES, LLC since March 25, 2017
Disclosure History
STEPHEN SHEEHAN MCGUIRK has 6 Disclosure Event(s).
Date: November 16, 2011 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE THAT THE REPRESENTATIVE'S REPRESENTATION THAT TWO VARIABLE LIFE INSURANCE POLICIES WERE A COLLEGE SAVINGS PLAN COMPARABLE TO THE IRS 529 COLLEGE SAVINGS PLAN WAS FALSE AND MISLEADING. THE POLICIES WERE PURCHASED IN MARCH 2004. CLAIMANT'S HAVE ALLEGED DAMAGES AS NOTED BELOW. Damage Amount Requested: $96,000.00 Settlement Amount: $25,000.00 Broker Comment: THE CASE WAS SETTLED WITHOUT THE ADMISSION OF ANY WRONGDOING ON MY PART. THE DECISION WAS MADE BY THE PARTIES INVOLVED TO SETTLE THE DISPUTE IN ADVANCE OF THE HEARING TO AVOID THE INHERENT COSTS AND RISKS ASSOCIATED WITH LITIGATION.
Date: November 02, 2011 Category: Customer Dispute Allegations: CLAIMANT ALLEGED THAT DURING THE PERIOD OF AUGUST 2007 THROUGH EARLY 2009 THE RESPONDENT FAILED TO FOLLOW THE REQUESTS AND INSTRUCTIONS OF THE CLAIMANT TO MOVE MONEY IN THE VARIABLE ANNUITIES INTO MORE CONSERVATIVE AND SAFER ACCOUNTS. CLAIMANT HAS ALLEGED DAMAGES AS NOTED BELOW. Damage Amount Requested: $48,000.00 Settlement Amount: $30,000.00 Broker Comment: THE CASE WAS SETTLED WITHOUT THE ADMISSION OF ANY WRONGDOING ON MY PART. THE DECISION WAS MADE BY THE PARTIES INVOLVED TO SETTLE THE DISPUTE IN ADVANCE OF THE HEARING TO AVOID THE INHERENT COSTS AND RISKS ASSOCIATED WITH LITIGATION.
Date: October 19, 2009 Category: Customer Dispute Allegations: CLAIMANT ALLEGED THE REPRESENTATIVE MADE UNSUITABLE RECOMMENDATIONS IN CONNECTION WITH TRANSACTIONS IN THE VARIABLE ANNUITY, DURING THE PERIOD OF AUGUST 2007 THROUGH AUGUST 2008. CLAIMANT HAS ALLEGED DAMAGES AS NOTED BELOW PLUS INTEREST, COSTS AND OTHER FEES. Damage Amount Requested: $106,712.07 Settlement Amount: $63,500.00 Broker Comment: THE CASE WAS SETTLED WITHOUT THE ADMISSION OF ANY WRONGDOING ON MY PART. THE DECISION WAS MADE BY THE PARTIES INVOLVED, TO SETTLE THE DISPUTE INADVANCE OF THE HEARING TO AVOID THE INHERENT COSTS AND RISKS ASSOCIATED WITH LITIGATION.
Date: March 26, 2007 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT AGENTS DID NOT HAVE HIS BEST INTEREST WHEN THEY SOLD HIM A VARIABLE ANNUITY CONTRACT IN DECEMBER OF 2004. Damage Amount Requested: $13,422.38
Date: May 09, 2006 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE THAT MR. MCQUIRK IMPROPERLY INVESTED $50,000 INTO VARIABLE UNIVERSAL LIFE INSURANCE POLICIES THAT WWERE PURCHASED IN MARCH OF 2004. Damage Amount Requested: $50,000.00 Settlement Amount: $25,000.00 Broker Comment: October 16, 2015 amendment under Occurrence 1305552 appears to be a duplicate because the settlement was reported on amendment of 5/15/2013 under Occurrence 1591368.RESTORING PREVIOUS COMPLAINT REPORTED ON U4 OF MAY/JUNE 2006 PER DISCLOSURE LETTER OF 11/29/11.
Date: April 19, 2005 Category: Customer Dispute Allegations: CLIENT ALLEGES UNAUTHORIZED TRANSACTIONS WERE CONDUCTED IN HER ACCOUNT IN NOV 2001 AND FEB 2002. CLIENT BELIEVES REP MAY HAVE ACCEPTED INSTRUCTIONS FROM HER EX-HUSBAND. IS REQUESTING REIMBURSEMENT FOR THOSE TRADES. Damage Amount Requested: $29,000.00 Broker Comment: REVIEW DOES NOT SUPPORT ALLEGATIONS.
More Information
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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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