Complaint Review: PNC Investments - Somers Point New Jersey
- PNC Investments PO Box 608 Somers Point, New Jersey USA
- Phone:
- Web:
- Category: Brokerage Companies
PNC Investments deceptively sold me a Unit Investemtn trust with guaranteed 5% return but it was not. Linwood New Jersey
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I was refered to PNC investments by PNC bank for investment advice on a large sum of money. I did not want the risk of the stock market and wanted reasonable interest 4-5% with low risk. They sold me a Unit investment trust that was supposed to give me a 5% tax free return. The trust ended up being no different that a volatile stock which dropped in value by 20% in a matter of months. They were not honest with their 5% guarentee on my money. Somehow the bankers have there definition of what a 5% return means. Despite all this money loss , PNC Investemnt gladly accepted their 5% commision. I would not recommend PNC Investments for your hard earned money. Next time I will try (((competitor's name redacted))).
This report was posted on Ripoff Report on 03/18/2014 05:01 AM and is a permanent record located here: https://www.ripoffreport.com/reports/pnc-investments/somers-point-new-jersey-08244/pnc-investments-deceptively-sold-me-a-unit-investemtn-trust-with-guaranteed-5-return-but-1131438. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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