TODD EDWARD KIMPEL is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 21 Warden Run Rd STE 201, Wheeling, WV, 26003.
TODD EDWARD KIMPEL has worked at SECURITIES AMERICA, INC. since June 01, 2017
Disclosure History
TODD EDWARD KIMPEL has 4 Disclosure Event(s).
Date: September 15, 2004 Category: Customer Dispute Allegations: COUNSEL ALLEGES THAT THE CUSTOMER WAS LED TO BELIEVE THAT SHE WAS PURCHASING AN INVESTMENT/RETIREMENT PLAN IN 1987 AND THAT THE CASH VALUE WOULD BE GREATER AT CERTAIN TIME PERIODS THAN IT ACTUALLY WAS. DAMAGES ARE UNSPECIFIED, BUT BELIEVED TO BE MORE THAN $5000. Broker Comment: THE COMPLAINT IS PART OF A MULTI-PARTY, MULTI-JURISDICTIONAL, CLASS ACTION TYPE OF PROCEEDING WHICH SEEKS COMPENSATION FOR POLICIES ISSUED OVER THE LAST TWO DECADES. REP CATEGORICALLY DENIES ALLEGATIONS AND IS INFORMED THAT CLAIMANTS WERE ACTIVELY SOLICITED BY COUNSEL IN CLAIMANT ADVERTISING CAMPAIGN.
Date: September 15, 2004 Category: Customer Dispute Allegations: COUNSEL ALLEGES THAT THE CUSTOMER WAS LED TO BELIEVE THAT HER 1987 ISSUE LIFE INSURANCE POLICY WAS AN INVESTMENT/RETIREMENT PLAN IN WHICH THE CASH VALUE WAS REPRESENTED TO BE GREATER AT CERTAIN TIMES THAN IT ACTUALLY TURNED OUT TO BE. DAMAGES ARE UNSPECIFIED, BUT BELIEVED TO BE MORE THAN $5000. Broker Comment: THE COMPLAINT IS PART OF A MULTI-PARTY, MULTI-JURISDICTIONAL, CLASS ACTION TYPE OF PROCEEDING WHICH SEEKS COMPENSATION FOR POLICIES ISSUED OVER THE LAST TWO DECADES. REP CATEGORICALLY DENIES ALLEGATIONS AND IS INFORMED THAT CLAIMANTS WERE ACTIVELY SOLICITED BY COUNSEL IN CLAIMANT ADVERTISING CAMPAIGN.
Date: September 15, 2004 Category: Customer Dispute Allegations: COUNSEL ALLEGES THAT THE CUSTOMER WAS LED TO BELIEVE THAT THE INSURANCE POLICY SHE PURCHASED IN 1987 WAS LIKE AN INVESTMENT PLAN. ALSO THAT SHE WAS MISLED REGARDING THE POLICY'S CASH VALUE. DAMAGES ARE UNSPECIFIED, BUT BELIEVED TO BE MORE THAN $5000. Broker Comment: THE COMPLAINT IS PART OF A MULTI-PARTY, MULTI-JURISDICTIONAL, CLASS ACTION TYPE OF PROCEEDING WHICH SEEKS COMPENSATION FOR POLICIES ISSUED OVER THE LAST TWO DECADES. REP CATEGORICALLY DENIES ALLEGATIONS AND IS INFORMED THAT CLAIMANTS WERE ACTIVELY SOLICITED BY COUNSEL IN CLAIMANT ADVERTISING CAMPAIGN.
Date: February 02, 2004 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT REP MADE MISREPRESENTATIONS AS TO TERMS AND REQUIREMENTS OF VUL POLICIES, AND DID NOT KEEP HIM UPDATED AS TO CHANGING VALUES. CUSTOMER ALSO ALLEGES THAT REP FAILED TO PRESENT HIM WITH OPTION TO PURCHASE A SINGLE-PREMIUM WHOLE LIFE POLICY. REP DENIES ALL ALLEGATIONS AND MAINTAINS THAT HE PROVIDED CUSTOMER WITH NUMEROUS OPTIONS AND ILLUSTRATIONS AND THAT CUSTOMER KNEW AND UNDERSTOOD ALL INFORMATION BEFORE MAKING ANY INVESTMENT DECISIONS. ALLEGED COMPENSATORY DAMAGES NOT SPECIFIED, BUT BELIEVED TO BE GREATER THAN $5000.
More Information
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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.
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