RedFlags, Allegations and Complaints against RoseMarie Demmer
Disclosure #1 for RoseMarie Demmer
-
- eventDate: 11/26/2010
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Denied
- Disclosure Detail :: Allegations: 3/1/10-11/26/10; THE CLIENT ALLEGED THAT SHE WAS NOT ADVISED THAT THERE WOULD BE APPROXIMATELY $5000.00 IN COMMISSIONS TO PURCHASE THE MUTUAL FUNDS IN HER IRA ACCOUNT. THE CLIENT ALSO STATED THAT SHE WAS NOT TOLD OF AN $85.00 COMMISSION TO PURCHASE SHARES OF JNJ STOCK.
- Damage Amount Requested: $5,000.00
- Arbitration Docket Number:
- Broker Comment: THE CLIENT AUTHORIZED THE MUTUAL FUND TRADES THAT TOOK PLACE IN HER ACCOUNT ON 4/15/2010. THE FA ADVISED THAT ALL OF THE FEES AND COMMISSIONS WERE DISCLOSED ON THESE TRADES AND THE CLIENT RECEIVED THE TRADE CONFIRMATIONS DISCLOSING THE COMMISSIONS AT THAT TIME. THE AMOUNT OF COMMISSIONS THAT THE CLIENT WAS CHARGED WAS SIGNIFICANTLY LESS THAN THE $5,000.00 REFERENCED IN HER LETTER. THE CLIENT SIGNED THE TRANSFER ON DEATH AGREEMENT ON 3/24/10. THIS DOCUMENT STATED THAT THE CLIENT REVIEWED THE AGREEMENT AND HAD RETAINED A COPY FOR HER REGARDS. THE AGREEMENT COVERED ALL OF THE FEES ASSOCIATED WITH THE ACCOUNT. THE TOD ACCOUNT HAS NOW BEEN CLOSED. AS FOR THE PAYOUTS ON HER FATHER’S ESTATE, THERE WAS A PRUDENTIAL NOTE WITH AN ESTATE FEATURE. THE NOTE WAS REDEEMED AT FULL FACE VALUE IN MAY 2010 AND THE DISTRIBUTIONS WERE PAID OUT TO THE HEIRS AT THAT TIME. THE CLIENT’S REQUEST FOR REIMBURSEMENT WAS DENIED.
Should I file a FINRA complaint against brokers like RoseMarie Demmer?
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.
Update – 2022.11.15If you have suffered investment losses that may have been caused by RoseMarie Demmer’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today!
Frequently Asked Questions About RoseMarie Demmer
What is RoseMarie Demmer’s Central Registration Depository (CRD) Number?
Which firm is RoseMarie Demmer associated with?
EDWARD JONES
Where is RoseMarie Demmer located?
325A S. MAIN ST, WEST BEND, WI, 53095
Where can I find more details about RoseMarie Demmer’s Investment Firm?
Visit https://brokercheck.finra.org/firm/summary/250 to read a detailed report for EDWARD JONES
Are there any disclosures, allegations or complaints filed against RoseMarie Demmer?
Where can I download a detailed FINRA report for RoseMarie Demmer?
Is it safe to do business with RoseMarie Demmer?
We’re not sure. Please research RoseMarie Demmer’s disclosures, allegations and complaints before taking a decision
Originally reported on November 16, 2022 @ 12:38 am
The views and opinions expressed in these articles are those of the source BrokerAudit.com and do not necessarily reflect the official position of ‘Skeptic Files’, which shall not be held liable for any inaccuracies presented. The information provided within this article is for general informational purposes only. While we try to keep the information up-to-date and correct, there are no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information in this article for any purpose.
This article is syndicated automatically through a third-party agency from BrokerAudit.com.
To view the original article at BrokerAudit.com, you can visit https://www.brokeraudit.com/rosemarie-demmer-edward-jones/.
