WILLIAM BRUCE FLOYD is currently employed as a Broker and/or Investment Adviser at INFINEX INVESTMENTS, INC. located at 214 E. Stuart Ave, Lake Wales, FL, 33853.
WILLIAM BRUCE FLOYD has worked at INFINEX INVESTMENTS, INC. since July 12, 2011
WILLIAM BRUCE FLOYD has 2 Disclosure Event(s).
Date: October 04, 2012 Category: Customer Dispute Allegations: CLIENT ALLEGES PRODUCT, AND SPECIFICALLY SUB ACCOUNT ALLOCATION, WAS NOT CONSISTANT WITH OBJECTIVES AND RISK TOLERANCE. CLIENT IS SEEKING PENALTY-FREE SURRENDER. Damage Amount Requested: $9,650.00 Broker Comment: REP COMMENT - - I MADE FULL AND EXTENSIVE DISCLOSURE OF ALL FEES, CHARGES, INVESTMENT RISK, RIDERS AND POSSIBLE NEGATIVE OUTCOMES FROM THE INVESTMENT INTO THE ANNUITY. THE CLIENT'S CASH POSITION, ON HIS OVERALL PORTFOLIO WAS INCREASED AND THE FUNDS THAT WERE PLACED IN THE ANNUITY WERE TAKEN FROM MUTUAL FUNDS THAT HAD MORE RISK THAN THE INVESTMENT ALLOCATION IN THE ANNUITY. THE CLIENT MADE A SIGNIFICANT PROFIT IN THE ANNUITY AND HAD THE INCOME STREAM HE DESIRED AND THE ADDITIONAL SECURITY OF THE INCOME RIDER.
Date: August 13, 2009 Category: Customer Dispute Allegations: CUSTOMER ALLEGES RR MISPRESENTATED THE TERMS OF FIXED ANNUITY PURCHASED IN AUGUST 2007. Damage Amount Requested: $40,000.00 Settlement Amount: $17,184.36 Broker Comment: SETTLEMENT INVOLVED NO MONETARY PAYMENT BY FIRM OR RR. NEW YORK LIFE ACCELERATED REMAINING PAYMENTS TO CUSTOMER, CUSTOMER SURRENDERED CONTRACT AND RECEIVED PAYMENT APPROXIMATELY IN THE AMOUNT OF $17,184.36
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