STEVEN MICHAEL SISLO is currently employed as a Broker and/or Investment Adviser at CADARET, GRANT & CO., INC. located at 217 W. EMBARGO STREET, ROME, NY, 13440.
STEVEN MICHAEL SISLO has worked at CADARET, GRANT & CO., INC. since January 13, 1998
STEVEN MICHAEL SISLO has 1 Disclosure Event(s).
Date: December 19, 1997 Category: Employment Separation After Allegations Firm Name: EQ FINANCIAL CONSULTANTS, INC. Termination Type: Discharged Allegations: ALLEDGED PAYMENT OF CLIENT PREMIUM WITH PERSONAL FUNDSAND UNADMITTED REPLACEMENT ACTIVITY. Broker Comment: WHEN EQUITABLE DISCONTINUED THEIR INCENTIVE LIFE, A UNIVERSAL VAR. LIFE PRODUCT, EQUITABLE & I DISAGREED ON THE VALUE OF THEIR NEWER VAR. LIFE PRODUCT. I ONLY WROTE 3 OF THE NEWER POLICIES BEFORE I STOPPED WRITING PERMANENT LIFE INSURANCE ALTOGETHER (BOTH WHOLE LIFE & VAR. LIFE). I WAS VOCAL IN MY DISPUTE ABOUT THE NEW PRODUCT. I COULD NOT RECOMMEND THE NEW PRODUCT WITH ITS EXPENSES AND ITS HARD TO UNDERSTAND PRODUCT DETAILS. A WHILE LATER ONE OF MY CLIENTS RECEIVED A SURPRISE LAPSE NOTICE ON THEIR NEWER POLICY. NO ONE THOUGHT IT WOULD LAPSE BUT THE TABULAR ACCOUNT VALUE WAS NOT SUFFICIENT TO COVER THE MORTALITY CHARGE. MY CLIENT COMPLAINED, ANGRY AT ME, ANGRY AT EQUITABLE. EARLIER I HAD LOANED THIS CLIENT MONEY TO COVER A PREMIUM. EQUITABLE HANDLED HIS COMPLAINT BY OFFERING A DIFFERENT POLICY OR A REFUND. CIENT CHOSE A REFUND. EQUITABLE ACCUSED ME OF UNADMITED REPLACEMENT AND I DISAGREED. THEN THEY DISCHARGED ME.
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