STEVEN WAYNE STREMICK is currently employed as a Broker and/or Investment Adviser at SAGEPOINT FINANCIAL, INC. located at 1155 13TH AVENUE SOUTH, FARGO, ND, 58103-4135.
STEVEN WAYNE STREMICK has worked at SAGEPOINT FINANCIAL, INC. since October 31, 2008
Disclosure History
STEVEN WAYNE STREMICK has 3 Disclosure Event(s).
Date: April 29, 2013 Category: Customer Dispute Allegations: CUSTOMER ALLEGED INVESTMENT IN REIT IN AUGUST 2005 WAS MISREPRESENTED. Broker Comment: THIS CLAIMANT PURCHASED A REIT IN 2005 AND WAS EXTREMELY PLEASED WITH THE PRODUCT. SHE THEN MOVED HER ACCOUNT TO ANOTHER BROKER/DEALER IN 2007. HOWEVER, WITH THE SYSTEMIC COLLAPSE OF THE REAL ESTATE MARKET IN 2008, THIS CLAIMANT NOW SUDDENLY DISLIKED THE PRODUCT AND ASSERTED THAT SHE DID NOT UNDERSTAND THE RISK OF THE REAL ESTATE MARKET. I HAVE VEHEMENTLY DENIED ALL ALLEGATIONS THAT I DID NOT PROPERLY PRESENT THE POTENTIAL RISKS OF REAL ESTATE. ON PAGE 4 OF THE SUBSCRIPTION AGREEMENT THE LANGUAGE CLEARLY STATES THAT THIS WAS A SPECULATIVE INVESTMENT INVOLVING A SUBSTANTIAL DEGREE OF RISK OF LOSS OF THE CLAIMANT'S ENTIRE INVESTMENT. I INTEND TO FIGHT THIS CLAIM UNTIL IT IS DROPPED OR DISMISSED.
Date: June 23, 2004 Category: Customer Dispute Allegations: ALLEGES REGISTERED REPRESENTATIVE SOLD EATON VANCE TAX MANAGED GROWTH CLASS C SHARES ON 02/13/2003 WITHOUT HER AUTHORIZATION RESULTING IN A LOSS OF $6098.67; CLIENT WROTE A CHECK FOR $15000.00 AGAINST HER BROKERAGE ACCOUNT BUT WAS UNAWARE HER MARGIN AGREEMENT WAS NOT IN EFFCT. RR STATES HE WAS UNABLE TO CONTACT THE CLIENT AND SOLD SHARES TO HONOR HER CHECK WHICH THE CLIENT WROTE TO PURCHASE A HOUSE. FIRM LATER REVERSED LIQUIDATION OF $15,000.00 IN SHARES AND IMPLEMENTED MARGIN ON HER ACCOUNT; WILL RESTORE REMAINING 45 SHARES, PENDING SIGNED RELEASE FROM CLIENT. Damage Amount Requested: $6,098.67 Broker Comment: THE EVENTS THAT LEAD UP TO THE COMPLAINT INVOLVED A B/D BACKOFFICE OPERATIONAL ERROR THAT RESULTED IN THE FIRM'S FAILURE TO SET UP THE ACCOUNT FOR MARGIN DESPITE THE FACT THAT A SIGNED MARGIN AGREEMENT HAD BEEN SUBMITTED ON THREE OCCASIONS.
Date: November 07, 1997 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT MR. STREMICK GAVE HIMMISINFORMATION REGARDING BSX STOCK. CLIENT FURTHER ALLEGES ANUNAUTHORIZED BY FOR PHILLIP MORRIS. DATE AND DAMAGES NOTSPECIFIED. Settlement Amount: $1,920.00 Broker Comment: PAINE WEBBER SETTLED THIS CLAIM FOR $1,920.00NOT PROVIDED
More Information
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