Winston Wade Turner of Sarasota Florida is a former Pruco Securities LLC stockbroker who is the subject of a customer initiated investment related arbitration claim in which the customer sought $111,000.00 in damages based upon allegations that Turner (1) effected transactions in the customer’s account which were not suitable (2) converted the customer’s funds (3) churned the customer’s investment portfolio (4) and defrauded the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02904 (Oct. 30, 2017).
FINRA Public Disclosure reveals that since Turner has been barred by FINRA for defrauding investors, he has been referenced in eleven more customer initiated investment related disputes containing accusations of his improper conduct. In particular, on November 18, 2016, a customer initiated investment related complaint involving Turner’s conduct was settled for $16,710.84 in damages supported by allegations that the customer was placed into an inappropriate variable annuity contract.
Thereafter, a customer filed an investment related arbitration claim concerning Turner’s activities where the customer alleged that Turner placed unsuitable mutual fund, insurance and variable annuity transactions; churned the customer’s investment portfolio; converted the customer’s assets and committed fraud between 2012 and 2015. FINRA Arbitration No. 17-00674 (Mar. 20, 2017). Moreover, a customer filed an investment related arbitration claim concerning Turner’s activities in which the customer requested $600,000.00 in damages founded on accusations of conversion and suitability relating to the customer’s variable annuity. FINRA Arbitration No. 17-02303 (Aug. 28, 2017).
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
