Tag Archives: VALIC Financial Advisors Inc.

Valic Stockbroker Barred By In Selling Away Investigation

Antonio Gutierrez Puente (also known as Tony Puente) of Miami Florida a stockbroker formerly employed by Valic Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Puente failed to comply with FINRA’s requests during the time that the stockbroker was under […]

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VALIC Financial Fires Stockbroker For Sales Practices

December 21, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Brett Andrew Laferrera of Birmingham Alabama a stockbroker formerly registered with VALIC Financial Advisors Inc. has been terminated from the firm on January 4, 2016 while under VALIC’s internal investigation for possible sales practice violations and violations of the firm’s code of conduct. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Laferrera has been […]

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VALIC Financial Fires Stockbroker For Selling Away

Richard Channing Hawkes, of Orange, California, a stockbroker employed with VALIC Financial Advisors, Inc., has been fired on May 4, 2016, founded on accusations that he effected investment transactions involving products that had not been approved for sale by the firm, violating the firm’s policies regarding selling away. This is not the first time that […]

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Valic Financial Advisors Sued By Customer For Misrepresentation

Mamta Rai, a stockbroker formerly registered with Valic Financial Advisors, Inc., has been named in a customer initiated investment related written complaint on April 27, 2016, in which the customer requested $45,000.00 in damages based upon allegations that Rai misrepresented the returns that the customer would be guaranteed pursuant to her variable annuity investment. Financial […]

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VALIC Financial Advisors Fined For Failure To Supervise

December 07, 2016  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

VALIC Financial Advisors, Inc., headquartered in Houston, Texas, was censured and fined $1,750,000.00 in damages by Financial Industry Regulatory Authority (FINRA) after consenting to findings that, inter alia, the firm failed to supervise its variable annuities business, and failed to create supervisory protocols pertaining to multiple share classes of variable annuities. Letter of Acceptance, Waiver […]

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