Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Lear (Lear), currently associated with Private Client Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lear 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 $56,581.00 on May 11, 2026.
Clients allege that in August of 2025 they were advised to complete a 1035 exchange of life insurance policies without being properly informed of the tax and Social Security consequences and are seeking reimbursement for all taxes related to the transaction and compensation for the anticipated reduction of future Social Security benefits.