Posts Tagged ‘variable annuities’
Jeffrey Gundrum Racks up 6th Investor Dispute Regarding Variable Annuities
Jeffrey Gundrum (CRD #: 1819476), a broker registered with Equitable Advisors, has had a sixth dispute regarding variable annuities denied by his firm, according to his BrokerCheck record, accessed on March 29, 2021. If you want to know more about what you can do when a firm denies your dispute, keep reading. On February 17,…
Read MoreAlan Katz: Subject of FINRA Investigation and Regulatory Action
Alan Katz (CRD #: 2166004), a broker registered with Buckman, Buckman & Reid in Staten Island, New York, is the subject of a FINRA investigation, according to his BrokerCheck record, accessed on March 8, 2021. Katz also offers advisory services through Comprehensive Wealth Management Group. On December 18, 2020, FINRA initiated an investigation into Alan…
Read MoreMitchell Griffin Faces Second Dispute Regarding Misrepresentation
Mitchell Griffin (CRD #: 3129686), a broker registered with LPL Financial, is facing allegations that he misrepresented an investment, according to his BrokerCheck record, accessed on March 8, 2021. On December 17, 2020, investors alleged that Mitchell Griffin informed them that a variable product would have a guaranteed return. Variable products have many complexities…
Read MorePaz Chandra: Investor Alleges Losses of $100,000
Paz Chandra (CRD #: 2405701), a broker registered with Royal Alliance Associates, is facing investor allegations of unsuitable investments, according to her BrokerCheck record, accessed on March 3, 2021. This is her second investor dispute. On December 31, 2020, an investor alleged that that Paz Chandra recommended unsuitable alternative investments. This activity allegedly took place…
Read MoreFINRA’s 2021 Exam Priorities Still Focus on Variable Annuities
FINRA recently issued its 2021 Report on FINRA’s Examination and Risk Monitoring Program. This annual report reviews emerging investment risks, as well as areas where FINRA plans to step up their enforcement efforts. As in previous years, the regulator is focusing on variable annuities as well as other historically problematic areas. These topics will be…
Read MoreLarry Hancock Facing Allegations of Unsuitable, High-Risk Investments
Larry Hancock (CRD #: 1514911), an investment adviser registered with Proactive Retirement Solutions in Issaquah, Washington, is involved in an investor dispute regarding unsuitable investments, according to his Investment Adviser Public Disclosure record, accessed on March 3, 2021. Hancock is also a formerly registered broker, most recently with Purshe Kaplan Sterling Investments. On December 30,…
Read MoreScott Babbitt Involved in a Dispute Regarding Variable Annuities
Scott Babbitt (CRD #: 4057681), a broker registered with Crown Capital Securities in San Diego, California, is involved in investor allegations of misrepresentation, according to his BrokerCheck record, accessed on February 19, 2021. On January 29, 2021, an investor alleged that Scott Babbitt misrepresented the features of a variable annuity and an alternative investment. Variable…
Read MoreStephen Nappo Suspended By FINRA Over Coffee Investment
Stephen Nappo (CRD #: 1691373), a broker registered with Cadaret, Grant, & Co, has been suspended by the Financial Industry Regulatory Authority (FINRA), according to his BrokerCheck record, accessed on January 27, 2021. Details regarding the allegations that led to his suspension are provided below. On December 4, 2020, Stephen Nappo entered into an Acceptance,…
Read MoreJennifer Scroggins Faces Allegations of Mispresenting Variable Annuities
Jennifer Scroggins (CRD #: 2343868), an investment adviser and broker registered with Royal Alliance Associates, is involved in a dispute with an investor who alleges misrepresentation, according to her BrokerCheck record, accessed on January 20, 2021. Scroggins is an investment adviser in San Antonio, Texas. On December 11, 2020, an investor alleged that Jennifer Scroggins…
Read MoreTimothy Pandekakes Suspended By FINRA
Timothy Pandekakes (CRD #: 4890164), a broker registered with American Portfolios Financial Services in Yonkers, NY, has been suspended by FINRA, according to his BrokerCheck record, accessed on January 21, 2021. Details about the allegations that led to his suspension are provided below. On December 9, 2020, Timothy Pandekakes entered into an Acceptance, Waiver, and…
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