Category: Variable Annuities
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
Erez Law is currently investigating Money Concepts Capital Corp. broker Ray Reese (CRD# 1694620) regarding variable annuity loses. Reese has been registered with Money Concepts Capital Corp. in Farmington, Missouri since 1997. Reese has been the subject of five customer … Continue reading
There are options for clients of FSC Securities Corporation broker Frank Briseno III (CRD# 1177246) who suffered investment losses. Briseno has been registered with FSC Securities Corporation in Metairie, Louisiana since 2004. Briseno has been the subject of three customer … Continue reading
Were you the victim of Western International Securities, Inc. broker Thomas Swan (CRD# 1698430)? Swan has been registered with Western International Securities, Inc. in Ventura, California since 2008. Swan has been the subject of two customer complaints between 2002 and … Continue reading
In December 2020, FINRA sanctioned Transamerica Financial Advisors, Inc. $8.8 million for supervisory violations related to variable annuities, mutual funds and 529 plans; this includes $4.4 million in restitution to 2,400 customers and a $4.4 million fine. According to FINRA, … Continue reading
Erez Law is currently investigating former Kestra Investment Services, LLC broker Donald Padilla (CRD# 3053711) regarding variable annuities investment losses. Padilla was registered with National Securities Corporation in Alhambra, California from April to September 2018. Previously, he was registered with … Continue reading
Did you suffer variable annuity investment losses due to recommendations by Liberty Partners Financial Services, LLC broker John Davenport (CRD# 1448999)? He has been registered with Liberty Partners Financial Services, LLC in Norwalk, Connecticut since 2016. In January 2019, FINRA … Continue reading
Barred former Securities America, Inc. and First Allied Securities, Inc. broker Jaime Westenbarger (CRD# 4625703) faces multiple customer complaints for investment losses. Westenbarger was registered with Securities America, Inc. in Grand Rapids, Michigan from 2016 to 2019, when he was … Continue reading
Erez Law is currently investigating former Securities America, Inc. and Brecek and Young broker Matthew Baltz (CRD# 2635133) regarding variable annuity losses. Baltz has been registered with Cambridge Investment Research, Inc. in Auburn, California from 2014 to 2017. Previously, Baltz … Continue reading
Erez Law is currently investigating former MML Investors Services, LLC broker Charles Evan (CRD# 836083) regarding investment losses. Evan was registered with MML Investors Services, LLC in Wellesley, Massachusetts from 2017 to 2019, when he was terminated regarding, “Terminated in … Continue reading