Articles Tagged with Valic Financial Advisors

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cory Davern (Davern), currently associated with Valic Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Davern 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 $235,000.00 on December 02, 2020.

Claimants allege registered representative provided unsuitable recommendations and misrepresented the associated risks, leading to inappropriate investments that resulted in lost capital.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Smith (Smith), currently associated with Valic Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Smith 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 $20,677.12 on April 20, 2020.

Client alleges she met with advisor on February 19th and requested he change her account allocations. Client further alleges this requested change was not made until February 25th causing her to incur losses.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Ryan (Ryan), currently associated with Valic Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Ryan 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 $50,000.00 on June 01, 2020.

Client did not take his annual annuity withdrawal after his registered representative allegedly advised him that the withdrawal could be deferred and is claiming a loss of $50,000.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marie Turino (Turino), currently associated with Valic Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Turino 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 $750,000.00 on June 03, 2020.

Complainant purchased a variable annuity in December of 2015, and alleges the registered representative misrepresented the product as a long term guaranteed retirement vehicle. Complainant claims the misleading information has led to significant losses within his annuity putting his retirement income in jeopardy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Hofmann (Hofmann), currently associated with Valic Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hofmann 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 $50,000.00 on December 29, 2020.

Client did not take his annual annuity withdrawal after the registered representative assigned to his account, not mr. Hofmann, allegedly advised him that the withdrawal could be deferred and is claiming a loss of $50,000.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Cleek (Cleek), currently associated with Valic Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cleek 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 $12,059.15 on January 08, 2021.

Clients allege they requested their registered representative move their accounts on October 20, 2020 to a short-term fixed interest fund. The requested transactions were not performed by the registered representative, causing their accounts to incur market losses.

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

FINRA BrokerCheck shows a settled customer complaint on April 05, 2021.

Clients alleged that RR misrepresented annuities and sold them unsuitable products, despite being aware of their health problems.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jay Friedman (Friedman), previously associated with Valic Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Friedman 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 $4,500.00 on September 13, 2021.

Client alleged her signature was forged and that RR acted unethically.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Molskness (Molskness), previously associated with Valic Financial Advisors, INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Molskness recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on June 01, 2022.

Respondent Molskness failed to respond to FINRA requests for information.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kim Block (Block), previously associated with Valic Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Block 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 $50,000.00 on August 26, 2025.

Customer alleged misrepresentation related to the sale of an annuity.

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295 Madison Ave #705
New York, NY 10017
Toll Free: 800-810-4262
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#100
Chicago, IL 60613
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#1
Montclair, NJ 07042
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