Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ryan Cockrum (Cockrum), currently associated with State Farm Vp Management Corp., has at least one disclosable event. These events include one customer complaint, alleging that Cockrum 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 $12,973.00 on June 16, 2022.
The client alleges the financial advisor did not make him aware of any tax implications from moving funds from a 529 plan account to a joint account. The client alleges the financial advisor did not explain that the funds were being removed from the education accounts.