RedFlag, Allegation and/or Complaint against BRANDON DALE GEISE
Disclosure #1 for BRANDON GEISE
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- Event Date: 3/16/2009
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Denied
- Disclosure Detail :: Allegations: I MET WITH [CUSTOMER AND [CUSTOMER IN JANUARY 2006 AND THEY WERE LOOKING FOR WHAT I COULD OFFER THEM IN THE FORM OF FIXED RATE AND VARIABLE ANNUITIES. [CUSTOMER AND [CUSTOMER HAD LOST A CONSIDERABLE AMOUNT OF MONEY IN THE ECONOMIC DOWNTURN OF 2000-2001 AND WANTED ONLY GUARANTEED MONIES. AFTER DISCUSSING ALL THE MONIES THEY HAD USING THE PRODUCT SUITABILITY INFORMATION FORM, AND THEY HAD A CONSIDERABLE AMOUNT IN ANNUITIES, THEY WANTED TO ROLL OVER [CUSTOMER’S OLD 401K PENSION PLAN INTO A SPECTRUM EDGE VA GMIB RIDER SINCE IT GAVE THE GAINS OF THE MARKET BUT A FLOOR OF 5%. THEY FULLY UNDERSTOOD THE RISKS, FEE AND EXPENSES OF THE ANNUITY AND WE USED THE ASSET ALLOCATOR TO DETERMINE WHAT WAS THE BEST INVESTMENT. THEY WERE AWARE THAT IF THE MARKET DID NOT OUT PERFORM THE 5% GUARANTEE THAT THEY WOULD HAVE TO ANNUITIZE. BUT MY ERROR AGAIN WAS THAT THEY TOOK AWAY THE UNDERSTANDING THAT IF THEY DID HAVE TO ANNUITIZE THAT THEY COULD RECEIVE FULL BENEFIT BACK IN 10 YEAR PERIOD CERTAIN. WHICH WAS INCORRECT.
- Damage Amount Requested: $10,325.00
- Arbitration Docket Number:
Should I file a FINRA complaint against brokers like BRANDON DALE GEISE?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
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Originally posted on November 17, 2022 @ 9:02 pm
