Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ranjan Luthra (Luthra), previously associated with U.S. Bancorp Investments, INC., has at least one disclosable event. These events include one customer complaint, alleging that Luthra recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on March 05, 2021.
The complainant alleges that the rep misrepresented the variable life insurance policy that was sold to them in 2001, stating that they were told that the policy would cover the premiums after 10 years, however, premiums are still required, and they are increasing.