Bradley Scott Ford of Evansville Indiana a stockbroker currently registered with USA Financial Securities Corporation is referenced in a customer initiated investment related written complaint on April 4, 2018 in which the customer alleged that Ford failed to accurately represent the terms and conditions of fixed indexed annuities resulting in customers incorrectly concluding that their invested assets were liquid and able to be accessed without the imposition of a penalty.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Ford is referenced in seven more customer initiated investment related disputes pertaining to accusations of Ford’s misconduct while employed with USA Financial Securities Corporation and Intersecurities, Inc. Specifically, on June 19, 2002, a customer initiated investment related complaint involving Ford’s activities was resolved for $15,000.00 in damages founded on allegations that Ford failed to execute upon the customer’s instructions relating to mutual fund investments.
On April 28, 2003, another customer filed an investment related complaint concerning Ford’s conduct where the customer sought $62,595.00 in damages based upon accusations that the customers acted upon faulty advice from Ford in making the decisions to sell securities from their investment portfolios, causing the customers to incur undue tax consequences. Then, on October 10, 2007, a customer filed an investment related complaint regarding Ford’s activities in which the customer requested $112,000.00 in damages supported by allegations that the customer was placed into annuities that were not appropriate for the customer.
Additionally, on May 24, 2012, a customer initiated investment related complaint involving Ford’s conduct was settled to resolve accusations that Ford misrepresented the features of a life insurance policy purchased by the customer. Further, on June 30, 2015, a customer filed an investment related complaint concerning Ford’s conduct alleging that account documentation containing forged customer signatures had been furnished to the firm to effect transactions in the customer’s account.
Ford has thrice been subject of regulatory actions containing allegations of his misconduct in the securities industry. Particularly, he was ordered by the Indiana Secretary of State Securities Division to cease and desist committing violations of Indiana’s Uniform Securities Act based upon Ford allegedly disseminating misleading advertising material to the investor public while associated with Vineyard Financial. Case No. 200508 (Oct. 25, 2001).
The Indiana Department of Insurance subsequently fined Ford $27,500.00 based upon finding Ford to have made misrepresentations in the solicitation of equity indexed annuities. Case Nos. 333-AG07-1105-286 and 6066-AG07-1105-287 (Oct. 16, 2008). Subsequently, Ford was ordered by the Kentucky Department of Insurance to pay a $5,000.00 fine based upon finding that Ford made misrepresentations concerning insurance contracts. Case No. 2009-0158 (Sept. 1, 2009).
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