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  • Report:  #992810

Complaint Review: Merit Financial Sanata Monica

Merit Financial Sanata Monica Ted Root and Shawn Oesterrreichter Ripped off by Shawn Oestrreichter and Ted Root Santa Monica, California

  • Reported By:
    Steve — Fountain Valley California United States of America
  • Submitted:
    Mon, January 07, 2013
  • Updated:
    Mon, January 07, 2013
  • Merit Financial Sanata Monica
    1300 fourth Street Ste 303
    Santa Monica, California
    United States of America
  • Phone:
    800-555-2631
  • Category:

I called Merit financial to see what their commission rate for selling gold bullion. They donot like to call it a commission. I talk to Ted Root who promptly referred me to Shawn Oesterreichter who promptly said it would be smart to convert my gold bullion to gold Proof (which I found out later this was against company policy) Shawn was dishonest becuase he never told me what the commission to convert until after and the company had a false ceiling (called a spread) $200 above gold bullion price to sell gold proofs. After the transaction was made Shawn charged 55% to convert. I feel he misslead me so he could make a excessive commission at my expense.

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