THOMAS JOHN GIOIA

THOMAS JOHN GIOIA is currently employed as a Broker and/or Investment Adviser at AMERIPRISE FINANCIAL SERVICES, INC. located at 141 W FRONT ST, STE 160, RED BANK, NJ, 07701-6418.

THOMAS JOHN GIOIA has worked at AMERIPRISE FINANCIAL SERVICES, INC. since October 02, 1996

Disclosure History

THOMAS JOHN GIOIA has 1 Disclosure Event(s).

Date: November 19, 2008
Category: Customer Dispute
Allegations: THE CLIENTS ALLEGED IN 1997 THEY PURCHASED TWO ANNUITIES WHICH DID NOT MEET THEIR GOALS AND IN 2000 A VUL WAS SOLD AS A RETIREMENT VEHICLE.
Damage Amount Requested: $5,000.00
Broker Comment: THE FIRMS REVIEW FOUND THE 1997 POLICY APPEARED SUITABLE AS THE CLIENT HAD PROJECTED INSURANCE AND RETIREMENT INCOME SHORTAGE. THE PROPOSAL WAS FOR LIFE INSURANCE AND IF ADDITIONAL PREMIUMS WERE PAID AS A POTENTIAL INCOME SOURCE. THE CLIENT DID NOT PAY THE ADDITIONAL PREMIUMS. THE ANNUITIES WERE WITHIN THE CLASS ACTION SETTLEMENT AND THE CLIENTS RECEIVED THE COURT AWARDED RELIEF. WE SENT THE CLIENTS A LETTER WITH OUR FINDINGS.

More Information

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