Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Archie Hansley (Hansley), currently associated with Bankers Life Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hansley recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $26,613.00 on August 18, 2025.
Bankers Life and Casualty Company (BLC), an affiliated insurance company of Bankers Life Securities, Inc. (BLS), received a written complaint from a client and provided a copy to BLS on August 18, 2025. In the complaint, the client alleged that they were misled by their financial representative regarding the terms of three annuity contracts purchased through BLC in 2024. The client stated that they had requested investment products similar to those held with another firm, specifically a 401(k), Roth IRA, and savings account, but were instead sold annuity contracts. The client further alleged that they were not informed of the surrender charges associated with accessing their funds and is requesting that the annuities be canceled without surrender penalties. While the BLC annuities are not securities and were issued by BLC, the Firm is reporting this complaint because the annuities were funded by the recommendation to liquidate securities by a financial representative of the Firm.