Steven Christopher Lovell of Columbus, Ohio, a stockbroker registered with Key Investment Services LLC, was the subject of a customer initiated investment related complaint that was settled on March 17, 2023, for compensation based upon allegations that Lovell made omissions of material fact about the surrender charges on variable annuities during the time that Lovell was associated with Key Investment Services LLC.
This is not the first time that Lovell has been referenced in a customer initiated investment related dispute concerning Lovell’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Lovell was also referenced in a customer initiated investment related complaint filed on October 2, 2020, in which the customer requested compensation based upon allegations that Lovell made misrepresentations of material fact about the riders on variable annuities when Lovell was associated with Key Investment Services LLC.
Lovell was also referenced in a customer initiated investment related complaint filed on February 2, 2021, in which the customer requested $5,139.72 in damages based upon allegations that Lovell made misrepresentations in connection with the sale of indexed annuities.
Lovell was associated with Key Investment Services LLC as a stockbroker and investment advisor representative until September 14, 2022. He has been associated with Morgan Stanley as a stockbroker and investment advisor representative since September 2, 2022.
