Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Connor Furlan (Furlan), previously associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Furlan 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 $126,406.00 on April 21, 2021.
Client alleges representative did not follow instructions provided on January 6, 2020 and October 14, 2020 to process a 1035 exchange of an annuity. Instead, the annuity was liquidated and the cash proceeds were deposited to the client’s brokerage account, resulting in a tax liability of $126,406.