Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Chastain (Chastain), previously associated with Cuna Brokerage Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Chastain 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 $11,312.00 on September 06, 2023.
Client alleges he should have been invested in the S&P 500 and was told his annuity investments were protected against loss. It was found that a guaranteed minimum accumulation benefit form was completed for the variable annuity contract, but was never submitted to the annuity carrier for processing.