THOMAS COURTLAND RANSONE is currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH, INC. located at 416 W. Indian Ave, Folly Beach, SC, 29439.
THOMAS COURTLAND RANSONE has worked at CAMBRIDGE INVESTMENT RESEARCH, INC. since May 02, 2016
Disclosure History
THOMAS COURTLAND RANSONE has 10 Disclosure Event(s).
Date: January 03, 2002 Category: Customer Dispute Allegations: THE CLIENT ALLEGES A MOVE FROM MUTUAL FUNDS TO A VARIABLE ANNUITY IN SEPTEMBER 2000 WAS AN UNAUTHORIZED TRANSACTION AND THE FEES AND RISKS ASSOCIATED WERE NOT EXPLAINED. Damage Amount Requested: $49,470.40 Broker Comment: THE INVESTIGATION SHOWED THE CLIENT SIGNED AN APPLICATION ACKNOWLEDGING A CURRENT PROSPECTUS WAS RECEIVED, UNDERSTANDING THE VALUES MAY INCREASE OR DECREASE, THE CONTRACT ME HER FINANCIAL OBJECTIVES, AND AN UNDERSTANDING LEGAL OR TAX COUNCEL SHOULD BE CONSULTED. THE SUB-ACCOUNT WAS INVESTED IN THE ONE SELECTED BY THE CUSTOMER. A FREE LOOK WAS OFFERED TO THE CUSTOMER. QUARTERLY STATEMENTS WERE SENT. AND THE CUSTOMER COULD EXCHANGE SUB-ACCOUNTS AT ANY TIME. NO SALES PRACTICE VIOLATIONS FOUND.
Date: January 03, 2002 Category: Customer Dispute Allegations: THE CLIENT ALLEGES THAT ASSETS WERE MOVED FROM MUTUAL FUNDS INTO A VARIABLE ANNUITY WITHOUT CONSENT TO THE TRANSACTION Damage Amount Requested: $66,578.21 Broker Comment: THE APPLICATION WAS SIGNED ACKNOWLEDGING: CURRENT PROSPECTUS RECEIVED, UNDERSTANDING VALUES CAN INCREASE OR DECREASE, THE CONTRACT MET FINANCIAL OBJECTIVES. ADDITIONALLY ANOTHER DISCLOSURE WAS SIGNED ACKNOWLEDGING: A VARIABLE ANNUITY WAS BEING PURCHASED, SURRENDER CHARGES LAST FOR SEVERAL YEARS, THE INVESTMENTS MAY INCREASE OR DECREASE AND VARIABLE ANNUITIES WERE DESIGNED FOR LONG TERM INVESTORS. QUARTERLY STATEMENTS WERE MAILED TO THE CUSTOMER. AND THE CUSTOMER COULD RE-ALLOCATE HIS SUB-ACCOUNTS AT ANY TIME. THE CONTRACT WAS PROPERLY REPRESENTED AND DISCLOSED.
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