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
Disclosure History
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 THE COMPLAINT WAS WITHDRAWN.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
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 THEODORE MAYNARD DEMARS, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.