Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joshua Sievers (Sievers), currently associated with Bankers Life Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Sievers 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 $36,325.56 on December 05, 2025.
Bankers Life Securities, Inc. (BLS) received a complaint on December 5, 2025. In the complaint, the client alleged that the terms of an annuity purchased through the firm's insurance affiliate, Bankers Life and Casualty Company (BLC), were misrepresented, specifically regarding the surrender period and associated penalties. The client expressed dissatisfaction with the service and annuity performance and requested that the surrender penalty be waived. While the BLC annuities are not securities and were issued by BLC, the Firm is reporting this complaint because the annuities were funded by the recommendation to liquidate securities by a financial representative of the Firm.