STONEY JAY LEE is currently employed as a Broker and/or Investment Adviser at BROKER DEALER FINANCIAL SERVICES CORP. located at STONE FINANCIAL SERVICES INC, 1561 E. ORANGETHORPE AVE. SUITE 215, FULLERTON, CA, 92831.
STONEY JAY LEE has worked at BROKER DEALER FINANCIAL SERVICES CORP. since May 08, 2008
Disclosure History
STONEY JAY LEE has 1 Disclosure Event(s).
Date: January 25, 2010 Category: Customer Dispute Allegations: CLIENT CLAIMS 2 AVIVA FIXED CONTRACTS, [ACCOUNT NUMBER] PURCHASED 12/12/07($356,391) AND [CONTRACT#] PURCHASED 9/17/2008 ($64,490) ARE UNSUITABLE NOW DUE TO HER CURRENT FINANCIAL SITUATIONS WHEN ROLLED FROM PREVIOUS 7-9 YR VARIABLE PRODUCT. WANTS CONTRACTS RESCINDED. AVIVA RESPONDED CONTRACTS ARE COVERED BY CLASS SETTLEMENT MDL1712 AND GAVE CLIENT INFORMATION AND WEBSITE. CLIENT INITIALLED ALL PAGES OF FIA CONTRACTS ACKNOWLEDGING SHE READ AND UNDERSTOOD. NOW CLAIMS IGNORANT OF FACTS. SHE RECEIVED $27,872 IN PREMIUM BONUS CREDITED AT SIGNING. Damage Amount Requested: $65,813.17 Broker Comment: MML REFERRED THE MATTER TO THE CLASS ACTION ADMINISTRATOR POLICY # [ACCOUNT NUMBER] IS ELIGIBLE FOR INCLUSION IN CASE # 04-2702, VARACALLO, ET AL V.S MASSACHUSETTS MUTUAL LIFE CO. ANY REMEMDY TO WHICH THE CLIENT IS ENTITILED WILL BE PROVIDED AS PART OF THE CLASS SETTLEMENT.
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