Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cody Smith (Smith), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Smith 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 $5,000.00 on August 02, 2022.
Customer alleges that in or around April 2021, the Representative failed during the sales process to provide him with a satisfactory understanding of the variable universal life insurance policy purchased. Customer believed he was purchasing an investment that that he could pull his funds from at any time and alleges he was not aware of charges associated with the policy.