James Taylor Davis, of Lexington, Kentucky, a stockbroker registered with Northwestern Mutual Investment Services LLC, was the subject of a customer initiated investment related complaint filed on February 13, 2024, in which the customer requested $24,266.86 in damages based upon allegations that Davis made unsuitable investment recommendations and made misrepresentations of material fact in connection with the sale of variable life insurance policies when Davis was associated with Northwestern Mutual Investment Services LLC. This complaint was denied.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Davis is referenced in three other customer initiated investment related disputes concerning Davis’s conduct while associated with securities broker dealers. On May 10, 2021, a customer initiated investment related complaint involving Davis’s conduct was settled for $25,000.00 in damages based upon allegations that Davis made omissions of material fact concerning two variable universal life insurance policies. According to the complaint, the customers were not aware that their contracts were active.
On March 23, 2022, a different customer initiated investment related complaint involving Davis’s conduct was settled for $33,179.00 in damages based upon allegations that Davis failed to fully explain the terms of the variable universal life insurance policy that was purchased by the customer when Davis was associated with Northwestern Mutual Investment Services LLC.
Davis was also referenced in a customer initiated investment related complaint filed on August 14, 2023, in which the customer requested $8,060.00 in damages based upon allegations that Davis provided inaccurate information about life insurance policies. The customer withdrew the complaint.
Davis was associated with Northwestern Mutual Investment Services LLC in Lexington, Kentucky from December 13, 2017, to June 21, 2024.
