Robert Paul Furrevig of Lanoka Harbor New Jersey is a stockbroker formerly registered with Invest Financial Corporation who is the subject of a customer initiated investment related complaint in which the customer requested $55,577.27 in damages based upon allegations that Furrevig had misrepresented the terms and conditions of a variable annuity.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Furrevig has been referenced in three additional customer initiated investment related disputes that pertain to accusations of Furrevig’s improper conduct while employed with Wachovia Securities LLC and Invest Financial Corporation. Specifically, on June 3, 2005, a customer initiated investment related complaint involving Furrevig’s conduct was resolved for $3,800.00 in damages supported by allegations that Furrevig botched a variable annuity transaction by effecting the purchase of the customer’s annuity through a withdrawal of funds rather than a 1035 Exchange, causing the customer to incur undue tax liability.
Thereafter, on July 24, 2014, a customer filed an investment related complaint pertaining to Furrevig’s conduct where the customer sought $5,600.00 in damages founded on accusations that Furrevig omitted information with regard to the expenses and fees on two variable annuities that the customer purchased. Furrevig has also been referenced in a customer initiated investment related written complaint on November 10, 2017 in which the customer requested $35,000.00 in damages based upon allegations that the customer was never provided a return on a government debt investment in July of 2017.
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