Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Johnson Andrews (Andrews), previously associated with Cetera Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Andrews 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 $300,000.00 on June 14, 2021.
The claimant alleges that she told a Rep to treat funds in her mother’s account as an inherited fund and invest speculatively for faster growth. Upon her mother’s passing, she assessed the investment returns and is unhappy with the investments chosen. Client alleges TIAA used the wrong date for the cost basis resulting in significant capital gains.