Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gareth Caluducan (Caluducan), currently associated with W & S Brokerage Services, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Caluducan 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 $22,600.00 on December 02, 2024.
Customer alleges that she was put into an unsuitable investment (Equity Indexed Annuity) recommended by the representative in January 2018. She indicates that the money was moved from mutual funds into the annuity and that she lost out on market appreciation over the years that the mutual funds would have provided. She indicated that this money was earmarked for her children’s education and that she was unaware of the 7 year surrender period.