Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Zagoria (Zagoria), previously associated with Equitable Distributors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Zagoria recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on March 01, 2022.
[REDACTED] ([REDACTED]) alleges that representatives of MML assured him there would be no tax liability incurred from the transactions involving the exchange of multiple Equitable Financial variable annuities. [REDACTED] alleges that Michael Zagoria (Zagoria), as an “Equitable Subject Matter Expert”, “described the product and process to effect the change”, and “confirmed there would be no tax liability created by the change.” The exchange resulted in a tax liability to [REDACTED] and his spouse, [REDACTED]