Everett Bryant Ellis (also known as Rett Ellis) of Gulf Breeze, Florida, a stockbroker formerly registered with BBVA Securities Inc., is referenced in a customer initiated investment related complaint on March 3, 2022, where the customer requested $100,000.00 or more in damages based upon accusations that Ellis made unsuitable recommendations in connection with the recommendation and sale of variable annuities when Ellis was associated with BBVA Securities Inc.
This is not the first time that Ellis has been referenced in a customer initiated investment related dispute concerning Ellis’ activities in the securities industry. FINRA Public Disclosure shows that Ellis is referenced in a customer initiated investment related complaint that was settled on June 2, 2008, for $9,334.85 in damages based upon allegations that Ellis made unsuitable transactions, including the liquidation of a variable annuity and purchase of tax-free mutual funds when Ellis was associated with Compass Brokerage Inc.
On October 22, 2013, another customer filed an investment related complaint involving Ellis’ conduct where the customer sought $9,092.34 in damages based upon accusations that Ellis made unsuitable transactions with regard to an exchange from a fixed to a variable annuity during the time that Ellis was associated with BBVA Compass Investment Solutions Inc.
Public Disclosure shows that Ellis was fined five thousand dollars and suspended for 15 days from associating with any FINRA member in any capacity based upon allegations that Ellis made unsuitable investment recommendations while he was registered with BBVA Compass Investment Solutions. Letter of Acceptance, Waiver, and Consent No. 2008014615501 (October 14, 2010).
Ellis’ registration with BBVA Securities Inc. was terminated on August 23, 2021. Ellis has been registered with Ameriprise Financial Services since September 13, 2021.