Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth Davis (Davis), currently associated with Capital Investment Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Davis 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 $13,000.00 on September 02, 2025.
The client believed that the registered representative failed to inform him that the cash value of a Variable Universal Life contract was being reduced to cover premiums. As a result, the prior cash values were exhausted, and a policy lapse was imminent. The client claimed that, had he been aware, he would have surrendered the policy and received the cash value. Effective date of policy was 12/22/1998. The representative’s current firm, Capital Investment Group, Inc., was not a party to the complaint, as the contract was sold at the representative’s prior firm.