Berge Avedisian (CRD #: 2750210), a broker registered with Avantax Investment Services, is facing a new client dispute involving a variable annuity, according to his BrokerCheck record, accessed on October 28, 2020. There is one other client dispute on his record — concerned investors should keep reading. On August 31, 2020, a client alleged that…

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Ida Zhu (CRD #: 4863613), a broker and an investment adviser registered with LPL Financial, has an investor complaint related to annuity switching, according to her BrokerCheck record, accessed on October 14, 2020. Annuity switching can result in unnecessary fees and financial losses for the client. Annuities often come with substantial commissions, which may tempt…

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Variable annuities are complicated, and many financial advisors believe they are too complex to suit most investor’s needs. These investments are contracts with insurance companies that are set up similarly to mutual funds — they comprise a bundle of securities that will hopefully perform well enough to generate interest. When a variable annuity starts making…

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Good financial advisors help investors steer their savings toward reliable investments. These securities may not offer spectacular rates of return, but they do offer what most investors want: A reliable way to generate more money without much interference or insider knowledge. You’ve probably heard the saying, “Scared money doesn’t make money.” A more pragmatic take…

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David Wilson (CRD #: 4766367), a broker and an investment adviser registered with Merrill Lynch, Pierce, Fenner, & Smith Incorporated, is facing multiple investor allegations regarding his failure to provide accurate and complete information, according to his BrokerCheck record, accessed on September 23, 2020. Investors are collectively seeking a total of $547,924. On July 23,…

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David Taddeo (CRD #: 1163829), a broker registered with LPL Financial LLC, has a new disclosure on his Broker Check record — a client allegation that he misrepresented the terms of a variable annuity, according to his Broker Check record, accessed on September 21, 2020. He has several other settled client disputes that involve variable…

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Eric Tom (CRD #: 1890823), a broker registered with MML Investors Services LLC, is the subject of multiple customer complaints including one that settled for over $100,000, according to his BrokerCheck record, accessed on September 22, 2020. Many of these complaints allege sales practice violations made in connection with variable annuity and life insurance policies.…

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Dennis Haywood (CRD#: 5850275), a registered representative with Crown Capital Securities, L.P. (CRD#: 6312) in Land O’ Lakes, Florida, is currently involved in three pending customer disputes over unsuitable investment recommendations, according to his BrokerCheck record accessed on May 27, 2020. The investments at issue are variable annuities, Real Estate Investment Trusts, and Business Development…

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