Variable Annuites

Archive | Variable Annuites

Investors File Complaint Against Wells Fargo Clearing Services

October 19, 2021  |   Posted by :   |   Excessive Trading, Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors File Complaint Against Wells Fargo Clearing Services

Robert Nathan Schultz of Houston Texas a stockbroker formerly registered with Wells Fargo Clearing Services is referenced in a customer initiated investment related complaint on July 14, 2020, in which the customer requested $35,000.00 in damages founded upon allegations that they had been placed into aggressive investments by Schultz during the time that he was […]

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MML Stockbroker Barred By FINRA In Investigation

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   Comments Off on MML Stockbroker Barred By FINRA In Investigation

Robert Joseph Boyer III (also known as Bob Boyer) of Wayne Pennsylvania a stockbroker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he obstructed a FINRA investigation into a customer initiated investment related complaint regarding accusations […]

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Raymond James Accused Of Unauthorized Annuity Purchases

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading, Variable Annuites   |   Comments Off on Raymond James Accused Of Unauthorized Annuity Purchases

Shirley Ellen Washam (also known as Shirley Ellen Davis and as Shirley Ellen Mazzanti) of Little Rock Arkansas a stockbroker formerly registered with Raymond James Associates Inc. is referenced in a customer initiated investment related written complaint which was resolved for $45,000.00 in damages on December 9, 2020 founded on allegations of an unauthorized annuity […]

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Investors Accuse Pruco Securities Of Unsuitable Trading

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors Accuse Pruco Securities Of Unsuitable Trading

Michael John Libmann (also known as Mike Libmann) of Quincy Illinois a stockbroker currently registered with Pruco Securities LLC is the subject of a customer initiated investment related written complaint which was settled for $91,000.00 in damages supported by allegations that unsuitable transactions were made by Libmann when he was registered with Pruco Securities LLC. […]

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LPL Stockbroker Sanctioned By FINRA For Forgery

September 03, 2021  |   Posted by :   |   Forgery, Investment and Regulatory News, Variable Annuites   |   Comments Off on LPL Stockbroker Sanctioned By FINRA For Forgery

Joffre Salazar (also known as Jeff Salazar) of Staten Island New York a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Salazar forged signatures of customers on documents to effect […]

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Investors Accuse Woodbury Financial Of Misrepresentation

August 15, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities, Variable Annuites   |   Comments Off on Investors Accuse Woodbury Financial Of Misrepresentation

Adam S. Feierstein of Redondo Beach California a stockbroker formerly registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related complaint in which the customer requested more than $5,000.00 in damages supported by accusations of misrepresentations as it pertained to a variable annuity purchased by them when Feierstein was associated […]

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H. Beck Accused Of Misrepresentation

July 31, 2021  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News, Variable Annuites   |   Comments Off on H. Beck Accused Of Misrepresentation

Robert Willis Lester of Rockville Maryland a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related written complaint on October 16, 2019 where the customer requested $32,135.00 in damages founded on allegations that Lester made misrepresentations to the customer regarding the fees and risks relating to an annuity […]

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Farmers Financial Sanctioned For Failure To Supervise

July 12, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Mutual Fund Fraud, Variable Annuites   |   Comments Off on Farmers Financial Sanctioned For Failure To Supervise

Farmers Financial Solutions LLC a securities broker dealer headquartered in Westlake Village California has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that the securities broker dealer failed to supervise its mutual fund business and its variable universal life insurance business. Letter of Acceptance, Waiver and Consent No. 2017052173001 […]

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FINRA Sanctions LPL Stockbroker For Falsified Customer Documents

July 12, 2021  |   Posted by :   |   Forgery, Investment and Regulatory News, Variable Annuites   |   Comments Off on FINRA Sanctions LPL Stockbroker For Falsified Customer Documents

Eric Peter Burton of Orland Park Illinois a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Burton falsifying customers’ documents relating to variable annuity transactions that he effected. Letter of […]

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NYLife Stockbroker Barred In FINRA Investigation

July 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading, Variable Annuites   |   Comments Off on NYLife Stockbroker Barred In FINRA Investigation

Daniel E. Jossen (also known as Dan Jossen) of Bethesda Maryland a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Jossen failed to cooperate with FINRA’s requests when he was investigated by the regulator for unauthorized […]

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Investors Accuse Waddell Reed Of Unsuitable Investment Recommendations

July 07, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Unsuitable Investment Recommendations, Variable Annuites   |   Comments Off on Investors Accuse Waddell Reed Of Unsuitable Investment Recommendations

Chun Mei Zhu (also known as Ida Mei Zhu) of Bellevue Washington a stockbroker formerly registered with Waddell Reed is referenced in a customer initiated investment related written complaint on September 25, 2020 where the customer requested $26,774.00 in damages founded on allegations that they had been placed into an unsuitable Securian annuity when Zhu […]

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FINRA Sanctions UnionBanc For Failure To Supervise

June 12, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Variable Annuites   |   Comments Off on FINRA Sanctions UnionBanc For Failure To Supervise

UnionBanc Investment Services LLC a securities broker dealer headquartered in Glendale California has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings that UnionBanc failed to supervise its variable annuity transactions. Letter of Acceptance Waiver and Consent No. 2019062972401 (May 5, 2021). According to the AWC, between January of 2016 […]

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Investors Accuse MML Of Insurance Fraud

June 12, 2021  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors Accuse MML Of Insurance Fraud

Jeffrey Paul Weiner of Elmsford New York a stockbroker formerly registered with MML Investors Services LLC is referenced in a customer initiated investment related written complaint on February 14, 2021 in which the customer requested more than $5,000.00 in compensatory damages supported by allegations that Weiner made misrepresentations regarding a variable life insurance policy that […]

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ONESCO Sanctioned By FINRA For Failure To Supervise

May 15, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Variable Annuites   |   Comments Off on ONESCO Sanctioned By FINRA For Failure To Supervise

ON Equity Sales Company Inc. (ONESCO) a securities broker dealer headquartered in Cincinnati Ohio has been censured and fined $275,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that ONESCO failed to supervise sales of variable annuities resulting in a stockbroker having made unsuitable recommendations to customers of the firm. Letter of Acceptance Waiver […]

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FINRA Sanctions Triad Advisors For Failure To Supervise

March 08, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Mutual Fund Fraud, Variable Annuites   |   Comments Off on FINRA Sanctions Triad Advisors For Failure To Supervise

Triad Advisors LLC a securities broker dealer headquartered in Atlanta Georgia has been censured and fined $150,000.00 by Financial Industry Regulatory Authority (FINRA) based on findings of Triad’s failure to supervise its stockbrokers’ transactions resulting in unsuitable trades being effected in customers’ accounts. Letter of Acceptance Waiver and Consent No. 2017052330501 (Feb. 9, 2021). According […]

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Investors Accuse Cantella Of Unauthorized Annuity Purchases

March 08, 2021  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors Accuse Cantella Of Unauthorized Annuity Purchases

James Ernest Joly of East Greenwich Rhode Island a stockbroker currently registered with Cantella Co. Inc. is the subject of a customer initiated investment related complaint on April 21, 2020 where the customer sought $13,000.00 in damages supported by allegations of Joly causing an inappropriate asset transfer into an annuity. Joly has been identified in […]

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Investors File Arbitration Claim Against Lincoln Investment Planning For Fake Annuities

February 16, 2021  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors File Arbitration Claim Against Lincoln Investment Planning For Fake Annuities

Lester William Burroughs (also known as Chad Burroughs) of Torrington Connecticut a stockbroker formerly registered with Lincoln Investment Planning LLC has been referenced in a customer initiated investment related complaint on October 13, 2020 where the customer requested $126,380.00 in damages supported by allegations that the stockbroker concealed the surrender penalty on an annuity that […]

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M Holdings Stockbroker Accused Of Elder Trafficking

February 16, 2021  |   Posted by :   |   Elder Financial Abuse, Forgery, Investment and Regulatory News, Stockbroker Theft, Variable Annuites   |   Comments Off on M Holdings Stockbroker Accused Of Elder Trafficking

Dean Harrison Grant of Milledgeville Georgia a stockbroker formerly registered with M Holdings Securities Inc. is the subject of a customer initiated investment related written complaint on August 12, 2019 where the customer requested compensatory damages founded on accusations that the customer had not been apprised of important investment information from Grant when making an […]

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FINRA Sanctions AXA Stockbroker For Misrepresentation

February 16, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities, Variable Annuites   |   Comments Off on FINRA Sanctions AXA Stockbroker For Misrepresentation

Lisa Ann Brumm (also known as Lisa Ann Moon) of Portland Oregon a stockbroker formerly registered with AXA Advisors LLC has been fined $7,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she provided unsuitable recommendations to customers and made misrepresentations […]

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Investors File Arbitration Claim Against LPL For Suitability

January 19, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Variable Annuites   |   Comments Off on Investors File Arbitration Claim Against LPL For Suitability

Gilberto Briseno (also known as Gilbert Briseno) of Boutte Louisiana a former stockbroker and investment adviser representative of LPL Financial is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages estimated to exceed $5,000.00 founded on allegations that the customer received unsuitable investment recommendations from Briseno concerning […]

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JP Morgan Stockbroker Sanctioned For Providing Unsuitable Investment Advice

January 19, 2021  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   Comments Off on JP Morgan Stockbroker Sanctioned For Providing Unsuitable Investment Advice

Paul Rifaat Zakhary of Ocala Florida a stockbroker formerly registered with JP Morgan Securities LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Zakhary provided unsuitable investment recommendations to customers of JP Morgan and he neglected to […]

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Cadaret Grant Sued By Investors For Suitability

January 19, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Variable Annuites   |   Comments Off on Cadaret Grant Sued By Investors For Suitability

Lee Evan Rosenberg of Boca Raton Florida a stockbroker and investment adviser representative of Cadaret Grant Co. Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $51,370.67 in damages based upon allegations that Rosenberg sold the customer a variable annuity that was unsuitable when Rosenberg […]

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Investors Accuse NYLife Of Misrepresentation

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors Accuse NYLife Of Misrepresentation

Janine Marie Ruland (also known as Janine Marie Roupe and as Janine Salvadalena) a stockbroker currently registered with NYLife Securities Inc. is referenced in a customer initiated investment related written complaint on September 29, 2020 in which the customer sought more than $5,000.00 in damages founded on allegations that the customer had been provided with […]

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FINRA Sanctions Ameriprise Stockbroker For Unauthorized Trading

January 03, 2021  |   Posted by :   |   Elder Financial Abuse, Investment and Regulatory News, Unauthorized Trading, Variable Annuites   |   Comments Off on FINRA Sanctions Ameriprise Stockbroker For Unauthorized Trading

Drew R. Mantel (also known as Drew R. Mentel) of Miamisburg Ohio a stockbroker formerly registered with Ameriprise Financial Services has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Mantel executed trades in customers’ accounts on an unauthorized […]

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Investors File Securities Arbitration Claim Against Merrill Lynch For Misrepresentation

December 22, 2020  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations, Variable Annuites   |   Comments Off on Investors File Securities Arbitration Claim Against Merrill Lynch For Misrepresentation

Francisco Javier Valenzuela of Tucson Arizona a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim where the customer requested $500,000.00 in damages founded on allegations that investment recommendations made to the customer were not suitable and that misrepresentations had been made by […]

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Ameriprise Accused Of Supposedly Selling Stock Without Authorization

December 22, 2020  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading, Variable Annuites   |   Comments Off on Ameriprise Accused Of Supposedly Selling Stock Without Authorization

Anthony John Leopizzi of White Plains New York a stockbroker currently registered with Ameriprise Financial Services is the subject of a customer initiated investment related written complaint which was settled on July 20, 2020 for $27,586.23 in damages based upon allegations of stock being sold from the customer’s Ameriprise Financial Services account without the customer’s […]

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New England Securities Accused Of Annuity Fraud

December 22, 2020  |   Posted by :   |   Forgery, Investment and Regulatory News, Variable Annuites   |   Comments Off on New England Securities Accused Of Annuity Fraud

Charles Jonathan Evan of Wellesley Massachusetts a stockbroker formerly registered with New England Securities and MML Investors Services is the subject of a customer initiated investment related written complaint on September 4, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been provided with misrepresented information in regards to […]

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Investors File FINRA Securities Arbitration Claim Investacorp For Unsuitable Alternative Investments

December 07, 2020  |   Posted by :   |   Alternative Investments, Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors File FINRA Securities Arbitration Claim Investacorp For Unsuitable Alternative Investments

Jonathan David Cummings of Hurst Texas a stockbroker of Investacorp Inc. and investment adviser representative of Investacorp Advisory Services Inc. has been referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages supported by allegations that the customer had been placed into alternative investments including real estate investment trusts and […]

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Investors Bring Arbitration Claim Against Gradient For Annuity Transactions

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Variable Annuites   |   Comments Off on Investors Bring Arbitration Claim Against Gradient For Annuity Transactions

Glenn Patrick Lattz of Lady Lake Florida a stockbroker formerly registered with Gradient Securities LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $65,000.00 in damages supported by allegations that the customer’s annuity accounts had been liquidated which resulted in undue losses and penalties. Financial Industry Regulatory Authority […]

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Investors Accuse Equitable Advisors Of Misrepresentation

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors Accuse Equitable Advisors Of Misrepresentation

Douglas Eugene Keller (also known as Donald Eugene Savery) of Red Bank New Jersey a stockbroker formerly registered with Equitable Advisors (also known as AXA Advisors) is referenced in a customer initiated investment related written complaint on August 10, 2020 in which the customer sought $100,000.00 in damages supported by accusations that misrepresentations had been […]

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