Report: #389643

Complaint Review: Principal Financial Group - Nationwide

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Ripoff Report is Xcentric Ventures

Submitted: Mon, November 10, 2008
Updated: Mon, November 10, 2008
Reported By: — Westerville Ohio

Author Confirmed

Why?

Principal Financial Group www.principal.com Nationwide U.S.A.

Phone: 800-9863343
Web:
Category: Financial Services

Principal Financial Group Refusal to transfer assets between funds 711 High Street IA Nationwide

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In early October Principal Financial Group suspended moving assets from their Real Estate 401K fund. They e-mailed investors at 9:00pm for that move they made at midnight that same night -- obviously the short notice and timing prevented anyone not online in that short timeframe from being able to react before they blocked any future moves.

If you're considering investing with Principal, please be forewarned about their unethical practices.

Anonymous
Westerville, Ohio
U.S.A.

This report was posted on Ripoff Report on 11/10/2008 09:39 AM and is a permanent record located here: https://www.ripoffreport.com/reports/principal-financial-group/nationwide/principal-financial-group-refusal-to-transfer-assets-between-funds-711-high-street-ia-nati-389643. 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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