Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Bilitz (Bilitz), currently associated with Vanderbilt Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bilitz 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 $8,489.81 on March 08, 2024.
The client alleged the recommendation and sale of the RiverSource Multi-Index Universal Insurance Policy by the advisor was unsuitable based on her needs and resources in June 2023 and he misrepresented the purchase of a new AIG SunAmerica Variable Annuity as a continuation of her deceased husband’s annuity in August 2023.