Steven Glenn Crawford of Glen Allen Virginia a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint on August 18, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon allegations that the customer was placed in a variable annuity between June 12, 2016 and August 18, 2017 that was not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Crawford has been identified in three additional customer initiated investment related disputes containing accusations of his misconduct while employed with LPL Financial LLC, Jefferson Pilot Securities Corporation and Lincoln Financial Securities Corporation.
In particular, on November 29, 2006, a customer filed an investment related complaint involving Crawford’s activities in which the customer requested $30,055.00 in damages based upon allegations that a variable life insurance product had been misrepresented by Crawford; the customer was apparently not made aware that there could be increases in the premiums of the insurance product.
On June 21, 2011, another customer filed an investment related complaint concerning Crawford’s conduct where the customer sought $9,500.00 in damages supported by accusations that Crawford placed an inappropriate real estate investment trust transaction in the customer’s individual retirement account.
Thereafter, a customer filed an investment related civil action involving Crawford’s activities in which the customer requested $622,903.05 in damages founded on allegations that Crawford induced the customer’s variable universal life insurance contract purchase by misrepresenting the terms and conditions of the policy. Civil Action No. CL18000319-00 (Apr. 17, 2018). According to the customer, Crawford stated that there would be no significant change in the insurance premiums over the policy’s lifetime.
Apparently, the policy’s premiums had increased in 2016 which resulted in the policy lapsing.
Crawford’s registration with LPL Financial LLC has been terminated as of December 12, 2017. Since November 20, 2017, he has been employed by Kestra Invetment Services LLC.
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