Travis Lynn Riggs, of Bentonville, Arkansas, a stockbroker registered with Equitable Advisors LLC, was the subject of a customer initiated investment related complaint that was settled on June 1, 2023, for $23,732.11 in damages based upon allegations that Riggs charged excessive fees in connection with their investment account when Riggs was associated with Equitable Advisors LLC.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Riggs is referenced in three other customer initiated investment related disputes concerning Riggs’s conduct while associated with securities broker dealers. On June 8, 2022, a customer initiated investment related FINRA securities arbitration claim involving Riggs’s conduct was settled for $50,000.00 in damages based upon allegations that Riggs made unsuitable recommendations and failed to properly inform the customer about risks of investing in real estate securities during the time that Riggs was associated with AXA Advisors LLC. FINRA Arbitration No. 20-00406.
On March 22, 2022, an investment related FINRA securities arbitration claim involving Riggs’s conduct was settled for $42,500.00 in damages based upon allegations that Riggs provided unsuitable advice to the customer regarding their individual retirement account when Riggs was associated with Equitable Advisors LLC. FINRA Arbitration No. 20-04208.
Riggs was also referenced in an investment related complaint that was settled on November 8, 2023, for $28,023.88 in damages based upon allegations that Riggs charged fees higher than what was originally agreed upon during the time that Riggs was associated with Equitable Advisors LLC.
Riggs was associated with Equitable Advisors LLC in Bentonville, Arkansas from January 23, 2001, to May 3, 2023.
