RedFlag, Allegation and/or Complaint against DAVID BRIAN FRANKEN
Disclosure #1 for DAVID FRANKEN
-
- Event Date: 10/6/1997
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Denied
- Disclosure Detail :: Allegations: COMPLAINT RECEIVED BY PAINEWEBBER CLIENTS ALLEGE THAT IF MISADVISED THEM WITH RESPECT TO THE TYPE OF INSURANCE, IF ANY, THEY SHOULD HAVE PROCURED.
- Damage Amount Requested: $42,368.34
- Arbitration Docket Number:
- Broker Comment: PAINEWEBBER DENIED THE CLAIM CUSTOMER AND CUSTOMER’S WIFE KNEW WHAT THEY WERE BUYING. THEY ALREADY OWNED A SIMILAR HARTFORD INSURANCE POLICY. THEY ALSO SHOPPED WITH OTHER LIFE AGENTS BEFORE MAKING THEIR FINAL DECISION. THEY REQUESTED AND WERE PROVIDED WITH A SPECIMEN OF THE HARTFORD POLICY BEFORE THE FINAL POLICY WAS ISSUED. CUSTOMER MET WITH AND OR SPOKE TO MYSELF, THE HARTFORD REPRESENTATIVE AND P.W. PERSONAL TRUST CONSULTANT BEFORE MAKING THE PURCHASE. WE DID NOTHING IMPROPER.
Should I file a FINRA complaint against brokers like DAVID BRIAN FRANKEN?
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.
Frequently Asked Questions About DAVID BRIAN FRANKEN
What is DAVID FRANKEN's Central Registration Depository (CRD) Number?
Which firm is DAVID BRIAN FRANKEN associated with?
Where is DAVID FRANKEN located?
Where can I find more details about DAVID FRANKEN's Investment Firm?
Are there any disclosures, allegations or complaints filed against DAVID BRIAN FRANKEN?
Where can I download a detailed FINRA report for DAVID FRANKEN?
Is it safe to do business with DAVID BRIAN FRANKEN?
All information displayed on this page is publicly available information under SEC guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by FINRA. BrokerAudit.com does not modify the data and makes no claims regarding its accuracy, nor will entertain any request to remove any entry. The inclusion of a person or entity in the BrokerAudit Database is not intended to suggest or imply that they have engaged in illegal or improper conduct related to FINRA. BrokerAudit.com intends to offer a platform where suspicious activities can be shared and discussed in a secure environment.
Originally reported on November 17, 2022 @ 9:03 pm
