Bankers Life Securities

Broker Richard George in Bankers Life Securities, INC. Firm Has Customer Complaint

February 23, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard George (George), currently associated with Bankers Life Securities, INC., has at least 8 disclosable events. These events include 8 customer complaints, alleging that George recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 06, 2021.

Client alleged unsuitability with respect to investment in advisory- 01/02/2018 to 07/20/2019.

There are Recent Customer Complaints with Broker Glenn Flessas in Firm Bankers Life Securities, INC.

February 20, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Glenn Flessas (Flessas), currently associated with Bankers Life Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Flessas recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $11,634.00 on April 26, 2021.

In a written complaint received on April 26, 2021, addressed to Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Firm, client alleged that he was not aware of restrictions pertaining to access of the money used to fund a Premium Bonus Indexed Annuity (PBIA) which was purchased from BLC in October of 2020 and requested a full refund. BLC determined that the PBIA was consistent with the client’s stated financial goals, but released the full amount back to the client without penalty. While the annuity sold to client was not a security and was issued by BLC, the Firm is reporting this complaint because the source of funding for the BLC annuity came from the sale of securities recommended by a registered representative of this Firm.

There are Recent Customer Complaints with Broker Myles Easter in Firm Bankers Life Securities, INC.

February 16, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Myles Easter (Easter), currently associated with Bankers Life Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Easter recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $50,000.00 on May 17, 2021.

In a Statement of Claim for Arbitration filed with FINRA and received by Bankers Life Securities, Inc. (Firm) on May 17, 2021, client named the financial representative, Myles Easter, as a Respondent and alleged that Mr. Easter made misrepresentations to induce the client to surrender two annuities, sold to the client by another firm, in order to purchase two Guaranteed Lifetime Income Annuities (GLIAs) issued by Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Firm in December of 2018 . Client stated that BLC refunded the entire amount used to purchase the BLC GLIAs in September of 2019, but that once the client reinvested into new annuities with another outside institution, he lost many of the features of the previously held annuities and the policies provided less income and the client suffered lost opportunity damages. While the GLIAs sold to client were not securities and were issued by BLC, the Firm is reporting this arbitration because the source of funding for the GLIAs came from the sale of securities recommended by a registered representative of the Firm.

Broker Joshua Sievers in Bankers Life Securities, INC. Firm Has Customer Complaint

February 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joshua Sievers (Sievers), currently associated with Bankers Life Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Sievers recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $36,325.56 on December 05, 2025.

Bankers Life Securities, Inc. (BLS) received a complaint on December 5, 2025. In the complaint, the client alleged that the terms of an annuity purchased through the firm's insurance affiliate, Bankers Life and Casualty Company (BLC), were misrepresented, specifically regarding the surrender period and associated penalties. The client expressed dissatisfaction with the service and annuity performance and requested that the surrender penalty be waived. 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.

Broker Mark Feliciano in Bankers Life Securities, INC. Firm Has Customer Complaint

January 28, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Feliciano (Feliciano), currently associated with Bankers Life Securities, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Feliciano recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 10, 2021.

In a written complaint, dated March 11, 2021, addressed to Bankers Life and Casualty Company (BLC) an affiliated insurance company, clients expressed dissatisfaction with the performance of the Bonus Indexed Annuities (PBIAs) purchased from BLC in November of 2019. BLC denied the complaint based on the performance of the PBIAs as consistent with the client’s allocation decisions. On August 10, 2021, clients requested reconsideration of BLC’s determination. BLC determined to settle with the clients for $25,000, although the annuities were suitable at the time they were sold. The financial representative did not contribute nor was he asked to contribute to the settlement with this complainant. The complainants previously filed a separate complaint as to this financial representative involving different issues, but as the settlement was over $15,000 required a separate disclosable filing. While the annuities sold to the clients are not securities and were sold by BLC, the Firm is reporting this complaint because the source of funding for the BLC annuities recommended by a financial representative of the Firm.

Broker Primo Bushati in Bankers Life Securities, INC. Firm Has Customer Complaint

January 28, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Primo Bushati (Bushati), currently associated with Bankers Life Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Bushati recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $179,000.00 on August 11, 2021.

The Firm received a letter, dated August 5, 2021, from an attorney representing clients of the Firm, addressed to Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Firm and the Florida Department of Financial Services. The letter was sent in response to BLC’s disposition of a previous complaint in which BLC found the clients’ allegations to be without merit and denied the clients’ request for reimbursement and cancellation of annuities purchased from BLC. The August 5th letter reiterates prior allegations and includes new allegations that a Financial Representative (FR) of the Firm used a withdrawal request, previously signed by the client, in order to process another withdrawal from the client’s BLC fixed annuity, requested later the same year. The letter does not allege that the FR used the previously signed form in order to cause any harm to the client. The FR acknowledged his use of a previously-signed form in order to process the withdrawal request, but claimed he did so in order to satisfy an urgent need of the client for funds at a time when the client was inaccessible due to the COVID-19 pandemic and the client residing in a nursing home. BLC settled the complaint by releasing the clients from their annuities with a return of principal and waiver of $96,960 in surrender fees. Allegation Activity Date From December 1, 2019. Allegation Activity Date To August 11, 2021.

Broker Tarek Mohamed in Bankers Life Securities, INC. Firm Has Customer Complaint

January 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tarek Mohamed (Mohamed), previously associated with Bankers Life Securities, INC., has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Mohamed recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on December 29, 2021.

Mohamed was named a respondent in a FINRA complaint alleging that he failed to provide information and documents requested by FINRA during its investigation into the circumstances of his termination from his member firm. The complaint alleges that the firm filed a Form U5 disclosing that it terminated Mohamed for violating standard of conduct rules and firm policies related to his failure to disclose, and solicitation of investments in, an outside business activity. The Form U5 also disclosed a complaint filed on behalf of Mohamed\\u2019s client, alleging that he took $46,000 in client funds and deposited them into an account in the name of Mohamed\\u2019s company. The funds were delivered by the client in the form of two personal checks written to the company. Later the firm filed an amendment to the Form U5 disclosing that a second complaint was filed on behalf of Mohamed\\u2019s same client, alleging that he did not act in the client\\u2019s best interest when he sold financial products to the client. Later, the firm disclosed that it had settled the complaints by refunding $46,000 to the client and granting other relief. In response to FINRA\\u2019s request, Mohamed provided FINRA with a partial response from his email account. In a written statement, Mohamed admitted that he deposited $46,000 in client funds into his business account but asserted that he returned the funds in cash to the 78-year-old client (less a commission) to help the client. Mohamed provided a single company bank statement that showed the first deposit of $31,000 and a subsequent $29,000 cash withdrawal. However, Mohamed did not provide any other information or bank statements for any personal or business bank accounts, brokerage statements, or any business or personal tax returns that had been requested by FINRA. Mohamed later emailed another partial response. Specifically, Mohamed provided a narrative response to some questions posed by FINRA but that response was incomplete because Mohamed still did not provide any other information or bank statements for any personal or business bank accounts, brokerage statements, or any business or personal tax returns. Mohamed emailed a third partial response providing responsive company bank statements. One company statement showed deposit of the client\\u2019s $15,000 check without a corresponding large cash withdrawal. Subsequently, FINRA sent Mohamed a notice informing him that he was suspended from associating with any FINRA member and warning him that he would be automatically barred if he did not request termination of the suspension on grounds of full compliance. To date, Mohamed has not fully complied with FINRA\\u2019s requests and as a result he is currently suspended from associating in any capacity with any FINRA member. \, \,

There are Recent Customer Complaints with Broker Timothy Darnell in Firm Bankers Life Securities, INC.

December 19, 2025 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Timothy Darnell (Darnell) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Darnell was employed by Bankers Life Securities, INC. at the time of the activity. If you have been a victim of Darnell’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $350,000.00 on October 24, 2025.

The arbitration alleges the RR made unsuitable recommendations, alleges breach of fiduciary duty, negligence, misrepresentation, and selling away related to an alleged Ponzi scheme with First Liberty Building & Loan, LLC

There are Recent Customer Complaints with Broker August Ferretti in Firm Bankers Life Securities, INC.

December 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker August Ferretti (Ferretti), currently associated with Bankers Life Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Ferretti recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $9,174.00 on February 11, 2022.

In a written complaint received by the Firm on February 11, 2022, a client alleged she was unaware her IRA funds were used to purchase a Guaranteed Lifetime Income Annuity (GLIA) from Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Firm in October of 2021. Client stated that she wanted the funds invested in a managed advisory account and requested that the annuity purchase be voided and a transfer of the funds to an outside financial institution. BLC found that the annuity was suitable. BLC acknowledged that client’s request was outside of the policy’s free-look period but as an accommodation allowed client to free-look her annuity without the assessment of surrender charges. While the annuity sold to the client was not a security and was issued by BLC, the Firm is reporting this complaint because the source of funding for the annuity came from the sale of securities recommended by a financial representative of the Firm.

There are Recent Customer Complaints with Broker Daniel Corey in Firm Bankers Life Securities, INC.

December 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Corey (Corey), currently associated with Bankers Life Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Corey recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $22,253.00 on March 14, 2022.

In a written complaint received on March 14, 2022, addressed to Bankers Life and Casualty Company (BLC), an affiliated insurance company, clients alleged that their financial representative recommended they cancel their term life policies held with another financial institution and purchase whole life policies, funding premiums with withdrawals from their securities account with the Firm. Clients further allege their income was insufficient to fund the new premiums and requested their life insurance policies be cancelled and all money be refunded. Clients also alleged that their financial representative recommended the purchase of a Premium Bonus Indexed Annuity (PBIA) from BLC in February of 2020 comprising a high percentage of their liquid net worth and subject to high surrender charges. BLC found that the both the life insurance policies and the annuity were suitable recommendations and denied the complaint, but as an accommodation refunded the premiums paid into their life insurance policies minus the costs and expenses of the insurance over the period of time they were held via a settlement and release. The financial representative did not contribute nor was we asked to contribute to the settlement. While the life insurance policies and the annuity sold to the client were not securities and were issued by BLC, the Firm is reporting this complaint because the source of funding came from the sale of, or income generated by, securities and were recommended by a financial representative of the Firm.