Category: Unsuitable Investments

Transamerica Financial Advisors

In December 2021, FINRA sanctioned Transamerica Financial Advisors $8.8 million over unsuitable sales of mutual funds, variable annuities, and 529 savings plans. The settlement included $4.4 million restitution and a $4.4 million fine to 2,400 affected customers. FINRA found that … Continue reading

Jeffrey Broten

Erez Law is currently investigating former National Securities Corporation and First Standard Financial Company LLC broker Jeffrey Broten (CRD# 1006678) regarding suitability concerns. Broten has been registered with Newbridge Securities Corporation in Morristown, New Jersey from August to December 2019 … Continue reading