Anthony Joseph Ferrara of St. Louis Park Minnesota a stockbroker formerly employed by Larson Financial Securities LLC is referenced in a customer initiated investment related written complaint on July 18, 2017 in which the customer requested unspecified damages based upon accusations that (1) omissions had been made to the customer regarding a variable universal life insurance policy purchased by the customer and (2) the insurance policy was not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Ferrara has been identified in three additional customer initiated investment related disputes containing allegations of his transgressions while employed with Larson Financial Securities LLC. In particular, on January 7, 2014, a customer filed an investment related complaint involving Ferrara’s conduct where the customer sought unspecified damages supported by accusations that inappropriate variable universal life insurance recommendations had been made to the customer.
Subsequently, a customer initiated investment related arbitration claim regarding Ferrara’s activities was resolved for $14,999.00 in damages founded on allegations of misrepresentations and omissions being made by Ferrara with regard to the variable universal life insurance purchased by the customer. FINRA Arbitration No. 15-03016 (Jan. 22, 2016). Then, a customer initiated investment related arbitration claim concerning Ferrara’s conduct was settled for $125,000.00 in damages based upon accusations that Ferrara: placed transactions in the customer’s account that were not suitable for the customer; misrepresented the products purchased by the customer; breached his fiduciary duties to the customer; negligently transacted in the customer’s account; and defrauded the customer. FINRA Arbitration No. 16-03746 (Aug. 10, 2017).
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