Posts Tagged ‘variable annuity’
Feng Luo Facing a New Investor Dispute for Over $400,000
Feng Luo (CRD #: 5508192), a broker registered with Transamerica Financial Advisors, has a new investor dispute on her BrokerCheck record, accessed on January 8, 2020. On October 23, 2020, clients alleged that Feng Luo made misrepresentations and omitted facts during a sales presentation regarding unsuitable insurance products. The clients further alleged that Luo fraudulently…
Read MoreLouis Wargo is the Subject of an Investor Dispute Regarding Alternative Investments
Louis Wargo (CRD #: 1416101), a broker registered with FSC Securities Corporation, has a new client dispute on his record, according to his BrokerCheck record, accessed on December 11, 2020. This is the third customer complaint on his record. On September 24, 2020, a client alleged that his account was over-concentrated in alternative investments. Alternative…
Read MoreBrett Hartvigson: Investor Alleges Alternative Investments Resulted in Losses of $580,000
Brett Hartvigson (CRD #2263087), a broker registered with Independent Financial Group, is facing client allegations of over-concentration of alternative investments, according to his BrokerCheck record, accessed on December 14, 2020. There are several other disclosures on Mr. Hartvigson’s record that are described in further detail below. On September 17, 2020, a client alleged that Brett…
Read MoreSouth Carolina Investment Adviser William Johnson Faces Investor Dispute Over $200,000
William Johnson (CRD #: 3174473), a South Carolina broker registered with Cadaret, Grant & Co., has a new dispute with an investor, according to his BrokerCheck record, accessed on November 30, 2020. There is a similar disclosure regarding unsuitable, risky investments on his record — investors should examine what may be a pattern of unsuitable…
Read MoreGlendale, California FA William Foster Involved in $426,000 Dispute Over Variable Annuity
William Foster (CRD#: 2096122), a registered representative with Ameriprise Financial Services, Inc. of Glendale, California, is currently involved in a customer dispute over a variable annuity, according to his BrokerCheck report accessed on October 24, 2019. In a complaint filed on September 23, 2019, a client “alleged his advisor misrepresented the returns he could expect…
Read MoreLeon Almeida of MML Investors Services, LLC Involved in Pending Dispute Over Variable Annuity
Leon Almeida (CRD#: 5645472), a registered representative with MML Investors Services, LLC in Paramus, New Jersey, is currently involved in a customer dispute. According to Leon Almeida’s BrokerCheck record accessed on September 24, 2019, a client alleges that Leon Almeida sold him a variable annuity but misrepresented it. The client, who filed the complaint on…
Read MoreCustomer’s Annuity Complaint Involving Jim King Mui of Purshe Kaplan Settles for $50,000
Jim King Mui (CRD#: 1007131), a registered representative with Purshe Kaplan Sterling Investments in Boca Raton, Florida, has been involved in a recent dispute involving unsuitability, according to his BrokerCheck record accessed on August 23, 2019. His firm, Purshe Kaplan Sterling, recently settled a customer complaint in which a client alleged that their advisor “made…
Read MoreRick Latta of Kovack Securities Inc. Involved in Customer Dispute Regarding Annuity Allocations
Rick Latta (CRD#: 1532421), a 33-year veteran of the securities industry whose experience spans seven firms, is involved in customer dispute regarding annuity allocations and allegations that his investment strategy is too conservative. He is currently registered with Kovack Securities Inc. of Weston, Florida, according to his BrokerCheck report accessed on July 31, 2019. On…
Read MoreKevin Farrow Facing Misrepresentation Allegations
Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 1, 2016 indicate that Florida-based International Assets Advisory broker/adviser Kevin Farrow has received resolved or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Farrow (CRD# 4840279). Kevin…
Read MoreShaun Murphy Has Regulatory Sanction
Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 1, 2016 indicate that former Massachusetts-based Investors Capital broker Shaun Murphy is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints…
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