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Client alleges he was sold an unsuitable variable annuity in 2018. RR did not participate in the sales discussions for this product.
Broker Comment
The Firm found no basis to the customer complaint.
3/14/2016
Customer Dispute
Denied
Allegations
Client alleges the RR made unsuitable recommendations in the purchase of an annuity in 2015.
Broker Comment
The Firm found no basis to the customer complaint.
10/1/2009
Customer Dispute
Denied
Allegations
CLIENT ALLEGES THAT THE AGENT PROVIDED INCORRECT INFORMATION REGARDING HER VARIABLE ANNUITY AND IT WILL RESULT IN A SUBSTANTIAL TAX LIABILITY TO HER. CLIENT IS REQUESTING THE FIRM TO INVESTIGATE THIS MATTER. DAMAGES UNSPECIFIED.
Broker Comment
THE FIRM FOUND NO BASIS TO THE CUSTOMER'S COMPLAINT.
A brokerage firm, also called a broker-dealer, is in the business of buying and selling securities – stocks, bonds, mutual funds, and certain other investment products – on behalf of its customer (as broker), for its own bank (dealer), or both. Individuals who work for broker-dealers - the sales personnel are commonly referred to as brokers.
IA
Investment Adviser
An investment adviser is paid for providing advice about securities to clients. In addition, some investment advisers manage investment portfolios and offer financial planning services.
Disclosures
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.