THOMAS JOSEPH RIVEST is currently employed as a Broker and/or Investment Adviser at VARIABLE INVESTMENT ADVISORS, INC. located at 4305 S. LOUISE AVE STE 101A, SIOUX FALLS, SD, 57106-3115.
THOMAS JOSEPH RIVEST has worked at VARIABLE INVESTMENT ADVISORS, INC. since December 12, 2003
Disclosure History
THOMAS JOSEPH RIVEST has 1 Disclosure Event(s).
Date: September 21, 1991 Category: Employment Separation After Allegations Firm Name: JOHN HANCOCK LIFE INSURANCE CO Termination Type: Voluntary Resignation Allegations: ALLEGED MISAPPROPRIATION OF FUNDS, NO ACTION EVER TAKEN OR PROVEN, NO SANCTIONS OR CUSTOMER COMPLAINTS. ONLY JOHN HANCOCK INTERNAL REVIEW. Broker Comment: I VOLUNTARILY RESIGNED AFTER BEING RECRUITED BY MET LIFE. WHEN I LEFT THERE WERE ALLEGATIOS OF MISAPROPRIATION OF FUNDS.I NEVER TOOK ANY FUNDS FROM ANY OF MY CLIENTS. OUR OFFICE WAS TOLD TO DRAW CHECKS FROM ONE (OLD) LIFE POLICY TO PAY FOR ANOTHER (NEW) POLICY. THIS WAS JOHN HANCOCKS MAMAGEMENT WAY OF WRITING NEW BUSINESS WITH OLD MONEY. IN ORDER TO AVOID REPLACEMENT THE ORIGINAL CHECKS WERE NOT TAKEN BUT DEPOSITING THEM AND SENDING A CASHIER CHECK OR MONEY ORDER WEERE ACCEPTED. THE MAJORITY OF REPS WERE TOLD BY MANAGEMENT TO DO SO. I WAS SINGLED OUT, ONLY AFTER AN INTERNAL AUDIT, AND AFTER I LEFT THE COMPANY, BECAUSE A LAWSUIT FILED AGAINST JOHN HANCOCK NOT AGAINST ME THE REP. I WENT TO WORK FOR MET LIFE AT THAT TIME. ACCORDING TO NASDRR DISCLSURE THE STATUS ARE EITHER CLOSED OR NOT PROVIDED. ACTION DATE SEPT. 12, 1991. THE INFORMATION ON CRD#1329799 IS NON-DISCLOSED ON ANY CURRENT FORM. I WAS UNDER THE ASSUMPTION THAT THE INFORMATION CONTAINED WITHIN THIS OCCORRENCE DOESNOT REQUIRE DISCLOSURE ON THE U-4, U-5, BD OR BDW. THIS INFORMATION IS BEING MAINTAINED ON THE CRD SYSTEM FOR HISTORICAL PURPOSES ONLY. NO ACTION OR SANCTIONS EVER OCCURED. I RESIGNED AND WENT TO WORK FOR METLIFE FOR THE NEXT 5 YEARS, BEFORE OPENING MY OWN LIFE INSURANCE AGENCY. I'VE CARRIED A NASD LICENSE SINCE 1984 TIL PRESENT, WITH OUT ANY CUSTOMER COMPLAINTS EVER BEING FILED. I FEEL THAT THE REPORTING BY JOHN HANCOCK WAS DONE IN A VENGFULL WAY.
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