THEODORE MAYNARD DEMARS is currently employed as a Broker and/or Investment Adviser at CROWN CAPITAL SECURITIES, L.P. located at 104 S FREYA SUITE 218, LILAC FLAG BLDG, SPOKANE, WA, 99202.
THEODORE MAYNARD DEMARS has worked at CROWN CAPITAL SECURITIES, L.P. since March 31, 2006
THEODORE MAYNARD DEMARS has 2 Disclosure Event(s).
Date: January 15, 2003 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT MR. DEMARS MISREPRESENTED THE RISKS OF AN AMERICAN SKANDIA VARIABLE ANNUITY AND PLACED HER IN UNSUITABLE SUB-ACCOUINTS. THE ANNUITY WAS PURCHASED IN FEBRUARY 2000. CUSTOMER ALLEGED THAT SHE DID NOT UNDERSTAND SHE WAS PURCHASING THE ANNUITY WHEN SHE SIGNED THE APPLICATION PAPERWORK AND IS SEEKING THE RETURN OF HER ORIGINAL PREMIUM. Damage Amount Requested: $59,000.00 Broker Comment: THE SETTLEMENT WAS MADE BETWEEN THE INSURANCE COMPANY ISSUING THE PRODUCT, AMERICAN SKANDIA, AND THE CLIENT. NEITHER MR. DEMARS NOR EQUITY SERVICES, INC. WERE A PARTY TO THE AGREEMENT. AMERICAN SKANDIA ADVISED THAT THE SETTLEMENT WAS SUBJECT TO A CONFIDENTIALITY CLAUSE AND COULD NOT REVEAL THE AMOUNT OF THE SETTLEMENT. MR. DEMARS WAS ASSESSED A COMMISSION CHARGEBACK OF BY AMERICAN SKANDIA, OF WHICH MR. DEMARS PAID $1,315.06 AND EQUITY SERVICES, INC. PAID 146.11.
Date: September 13, 2002 Category: Customer Dispute Allegations: THE CLIENT MISREAD THE COMPANY STATEMENT. SHE FELT HER INTEREST RATE WOULD BE 6% AND WHEN SHE COULDN'T FIND IT ON THE STATEMENT, WAS FRUSTRATED. WHEN IT WAS POINTED OUT TO HER WHERE TO FIND THE GUARANTEED 6% FIGURE ON THE STATEMENT, SHE WAS HAPPY AND SATISFIED. THE COMPLAINT WAS WITHDRAWN. Damage Amount Requested: $28,346.25
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