Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Hays (Hays), previously associated with Cuso Financial Services, L.p., has at least one disclosable event. These events include one customer complaint, alleging that Hays 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 $7,370.04 on June 08, 2023.
The client alleges he didn’t receive his full principle back when he free looked a variable annuity contract. After firm investigation, it was determined the contract was subject to market value adjustment, which accounted for the difference at the time of free look. The client requested compensation in the difference in amount.