Brian Robert Bates of Chandler Arizona a stockbroker currently associated with BBVA Securities Inc. has been referenced in a customer initiated investment related written complaint on February 7, 2020 in which the customer requested more than $5,000.00 in damages supported by allegations that misrepresentations had been made by Bates concerning insurance protections on a structured certificate of deposit that had been sold to the customer when Bates was employed by BBVA Securities.
Bates has been identified in two additional customer initiated investment related disputes concerning accusations of his misconduct when he was employed by BBVA Compass Investment Solutions Inc. and Chase Investment Services Corp (now known as JP Morgan Securities LLC). Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer initiated investment related complaint involving Bates’ conduct was settled to resolve allegations of misrepresentation with respect to the customer’s managed account investments at Chase Investment Services Corp.
Bates has also been identified in a customer initiated investment related complaint on May 2, 2017 where the customer sought $11,000.00 in damages founded on accusations that the customer was provided with misrepresented information relating to the variable annuity that Bates sold while employed by BBVA Compass Investment Solutions. The claim also alleges that a variable annuity failed to be suitable for the customer.
FINRA Public Disclosure also confirms that Bates was terminated by JP Morgan Securities while he was subject of an internal probe focused on his failure to make it known that he was appointed as a fiduciary for a JP Morgan Securities customer.
