Nathan Thomas Koenig, of Perrysburg, Ohio, a stockbroker previously registered with The Huntington Investment Company, has been named in a customer initiated investment related written complaint on April 4, 2016, in which the customer requested $14,461.87 in damages based upon allegations that Koenig misrepresented a variable annuity, and omitted that the customer would forego guaranteed returns on a certificate of deposit in making the variable annuity purchase.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Koenig has been named in six additional customer initiated investment related disputes containing allegations of his misconduct while employed with The Huntington Investment Company. Particularly, on August 13, 2013, a customer initiated investment related written complaint regarding Koenig’s activities was resolved for $20,195.62 in damages based upon allegations that Koenig omitted information concerning the principal risks pertaining to unit investment trusts. Subsequently, on January 13, 2016, a customer initiated investment related written complaint regarding Koenig’s activities was resolved for $21,804.00 in damages based upon allegations that Koenig made misrepresentations to the customer concerning variable annuities issued by Jackson National.
On February 1, 2016, a customer initiated investment related complaint regarding Koenig’s activities was resolved for $21,884.93 in damages based upon allegations that Koenig falsely stated that the customer would be provided a guaranteed stated rate of return on a variable annuity. Further, on February 16, 2016, a customer initiated investment related complaint involving Koenig’s conduct was settled for $22,102.35 in damages based upon allegations that Koenig made misstatements to the customer concerning a market linked certificate of deposit, and effected the purchase of a product which contained a seven-year commitment which the customer was not apprised of.
On March 1, 2016, a customer initiated investment related complaint regarding Koenig’s conduct was settled for $28,438.39 in damages based upon allegations that Koenig made unsuitable investment recommendations to the customer regarding the surrender of a fixed annuity to purchase a variable annuity investment, when the fixed annuity paid over four percent in annual interest on a guaranteed basis. Additionally, on March 1, 2016, a customer initiated investment related complaint involving Koenig’s conduct was settled for $30,519.04 in damages based upon allegations that Koenig omitted that the customer would incur a surrender penalty associated with a variable annuity, and made misrepresentations to the customer regarding the guarantees associated with the annuity.
Koenig’s registration with The Huntington Investment Company was terminated on July 17, 2015, based upon allegations that Koenig settled complaints away from the firm and without notifying the firm concerning them, which was a violation of Huntington Investment Company’s policies. Moreover, Koenig was fined and suspended by FINRA for settling a customer’s complaint away from his firm. Letter of Acceptance, Waiver and Consent, No. 2015046234801 (Nov. 22, 2016).
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