TEENA ANN MILLDEBRANDT

TEENA ANN MILLDEBRANDT is currently employed as a Broker and/or Investment Adviser at CETERA ADVISOR NETWORKS LLC located at 7425 E STETSON DR, SCOTTSDALE, AZ, 85251.

TEENA ANN MILLDEBRANDT has worked at CETERA ADVISOR NETWORKS LLC since October 20, 2014

Disclosure History

TEENA ANN MILLDEBRANDT has 2 Disclosure Event(s).

Date: February 12, 2010
Category: Customer Dispute
Allegations: CUSTOMERS ALLEGE THE TWO VARIABLE ANNUITY UNIVERSAL LIFE CONTRACTS ISSUED IN SEPT. 2005 WERE NOT SUITABLE AS THERE WAS NO NEED FOR ADDITIONAL INSURANCE FOR EITHER OF THEM.
Damage Amount Requested: $80,281.44
Settlement Amount: $20,547.25

Date: September 18, 2009
Category: Customer Dispute
Allegations: CUSTOMERS ALLEGE THAT FR'S CONTINUOUS RECOMMENDATIONS OF MOVING FUNDS FROM ONE ANNUITY TO ANOTHER AND PURCHASING MORE INSURANCE THAN NEEDED HAS RESULTED IN SUBSTANTIAL COSTS, EXCESS TAX PAYMENTS AND SIGNIFICANT MARKET LOSSES. TWO VARIABLE ANNUITIES ISSUED JULY 2005, ONE VARIABLE ANNUITY ISSUED SEPT. 2006, ONE VARIABLE UNIVERSAL LIFE ISSUED JUNE 2005, ONE VARIABLE IMMEDIATE ANNUITY ISSUED JUNE 2005, ONE FIXED IMMEDIATE ANNUITY ISSUED JULY 2005. NO EVIDENCE FOUND TO SUPPORT CUSTOMERS ALLEGATIONS. CUSTOMER ACCEPTED OFFER OF A REFUND OF THE REMAINING NET PREMIUMS FROM THE IMMEDIATE VARIABLE ANNUITY ISSUED IN JUNE 2005. THE FIRM PAID THE DIFFERENCE BETWEEN THE COMMUTED VALUE AND THE NET REMAINING PREMIUMS.
Damage Amount Requested: $59,624.19
Settlement Amount: $46,187.45

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 TEENA ANN MILLDEBRANDT, click here.

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