STEPHEN CHARLES SAYERS

STEPHEN CHARLES SAYERS is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 16 TOWNE PLACE DR, STE 120, HENDERSONVILLE, NC, 28792-5892.

STEPHEN CHARLES SAYERS has worked at AMERIPRISE FINANCIAL SERVICES, INC. since April 25, 1986

Disclosure History

STEPHEN CHARLES SAYERS has 1 Disclosure Event(s).

Date: April 21, 2005
Category: Customer Dispute
Allegations: THE CLIENT'S DAUGHTERS ALLEGE THE IDS LIFE POLICY PURCHASED IN 1992 BY THEIR MOTHER WAS SOLD AS A WHOLE POLICY WITH A GUARANTEED PREMIUM AND DEATH BENEFIT. THEY ALSO ALLEGE THEY WERE NOT INCLUDED IN THE SALE OF A POLICY HELD AT LINCOLN FINANCIAL IN WHICH THEY ARE THE OWNERS OF THE CONTRACT EVEN THOUGH THEIR MOTHER PAYS THE PREMIUMS. THEREFORE, THEY REQUESTED RETURN OF ALL PREMIUMS PLUS INTEREST FOR BOTH POLICIES.
Damage Amount Requested: $58,542.06
Broker Comment: DOCUMENTS ON FILE CLEARLY STATED IT WAS NOT A WHOLE LIFE POLICY THAT THE PREMIUMS AND THE DEATH BENEFITS WERE NOT GUARANTEED. ADDITIONALLY, RECORDS SHOW THE OWNERS OF THE CONTRACTS WERE AWARE OF AND WERE INVOLVED WITH THE PUCHASE OF THE POLICY AT LINCOLN FINANCIAL.

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 STEPHEN CHARLES SAYERS, click here.

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