Articles Tagged with Richard Wick

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Wick (Wick), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wick recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 05, 2025.

Customer alleged that the Representative misrepresented the terms of a variable universal life insurance policy that was issued in May 2024, including the frequency of premium payments and policy loan provisions. Customer further alleged that he did not authorize a policy loan that was taken from a different variable universal life insurance policy purchased in 2022 and was misled by the Representative to believe that the funds the customer received were a refund for an overpayment made related to the policy issued in May 2024, when in fact the funds were proceeds from the policy loan from the 2022 policy.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Wick (Wick), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wick 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 $111,584.00 on June 04, 2025.

Customer alleged that in or around February 2022, the Representative, in the sale of a variable universal life insurance policy, did not adequately explain how the policy worked and made untrue statements about the policy. Customer also alleged that after the policy was in place, the Representative misrepresented the policy’s value.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Wick (Wick), previously associated with Northwestern Mutual Investment Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Wick recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $83,000.00 on May 01, 2025.

The customer purchased four life insurance policies in or around October 2021, which included three variable universal life insurance policies. The customer alleges the Representative misrepresented the policies’ terms and the impact of loans on the policies; did not inform the customer of fees associated with the policies; and offered to reimburse the customer personally.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Wick (Wick), previously associated with Northwestern Mutual Investment Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Wick recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $300,000.00 on April 07, 2025.

Customer alleges that in or around May 2024 he agreed to purchase one non-variable life insurance policy and was misled by the Representative to believe that additional funds were going toward two different investments the Representative presented to the customer. Customer alleges that two additional life insurance policies were established instead, without the customer’s knowledge and consent. Customer believes that the Representative presented fabricated graphs, charts, and information showing accounts performing at certain growth rates.