Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Gibbs (Gibbs), currently associated with J. Alden Associates, Inc., has at least 2 disclosable events. These events include one customer complaint, one tax lien, alleging that Gibbs 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 $93,560.00 on December 03, 2024.
The complainant alleges that in and/around late 2020, his registered representative, and the firm churned two of his variable universal life (vul) policies, which were issued on/or about april 5, 2012, and september 5, 2012, by taking out loans to fund a new vul policy. The complainant asserts a number of allegations against the firm relating to the vul policies, including a claim for damages.