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FINRA Broker Allegations

Allegations against: Harold Douglas Mccoy

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Representative for texas state resident states in writing that the fa's withdrawal of $40k in 2007 from customer's variable annuity was unsuitable. Representative states the withdrawal created a tax liability of $12,700. Customer further questions suitability of early cd surrenders, and requests compensation for all penalties. Damages are estimated to be approximately $15,000.

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