In a recent development, a customer dispute has been filed against Celia Scott, a broker and investment advisor associated with LPL Financial LLC (CRD 6413) in Texas. The complaint, dated February 5, 2024, alleges misrepresentation of an annuity income benefit. The customer’s claim for damages was denied by the firm, stating that the complaint was […]

Lacey Neuman, a broker associated with NYLIFE Securities LLC, is currently facing allegations of misconduct related to the recommendation of replacing a client’s surrender charge-free variable annuity with two fixed annuities in May 2023. The customer alleges that this recommendation resulted in a new surrender charge schedule and additional fees. Customer seeks rescission and restoration

Dustin West, a registered investment advisor, is facing allegations of unsuitable fixed annuity sales and failing to disclose conflicts of interest to a client. The customer complaint, filed on February 6, 2024, alleges that West and his colleague, Abeyta, did not inform the client of their insurance sales incentives, upward commission bonuses, and other conflicts

Dan Droeg, a former broker and investment advisor with United Planners’ Financial Services of America, is currently facing allegations of misappropriating client funds. The alleged activity occurred between July 2009 and April 2016, according to a pending customer dispute filed on February 6, 2024. The case involves variable annuity products and is currently under investigation