At Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, we have opened a formal investigation into Cody Moran (CRD# 6939984), a financial advisor currently registered with Bankers Life Securities in Cedar Rapids, Iowa. Our attorneys are concerned by the number and nature of investor complaints revealed in his record, particularly those involving allegations of inadequate disclosure, misrepresentations, and failure to properly inform clients regarding critical aspects of annuity products. We believe investors who have worked with Mr. Moran deserve a clear, honest review of the risks to their funds and practical guidance on potential recovery options.
As former Wall Street defense attorneys, now leveraging our insider knowledge to advocate for individual investors, we have a long-standing commitment to uncovering and pursuing claims where investors may have suffered significant losses. Our firm’s 98% success rate across hundreds of investor claims, 95+ years of combined securities law experience, and over $520 million in securities matters demonstrate our capacity and dedication to protecting your investments. We operate strictly on a No recovery, no fee basis, and our reputation includes recognition as Super Lawyers, Martindale-Hubbell AV Preeminent (Top 2%), and maintaining 5-star client reviews.
Why We Are Investigating Cody Moran of Bankers Life Securities
Table of Contents
Cody Moran has accumulated several investor complaints over his career in the securities industry. These complaints, especially those involving alleged misrepresentations and omitted disclosures about annuity products, raise critical red flags for any current or former clients. While Bankers Life Securities has denied these complaints, the consistent themes and scale of alleged losses demand serious scrutiny by an experienced legal team. Our investigation seeks to determine whether investors across Iowa, Wisconsin, Nebraska, Illinois, and California may have experienced inappropriate recommendations, lack of transparency, or other breaches of duty.
Summary of Complaints Filed Against Cody Moran
| Date Filed | Allegation | Claimed Damages | Firm Response |
|---|---|---|---|
| March 2026 | Alleged failure to disclose full details regarding an annuity purchase as a representative of Bankers Life. | $1,800,000 | Denied — Advisor stated all risks and benefits were discussed and believed the recommendation was in the client’s best interest. |
| 2024 | Alleged taking advantage of clients regarding annuity purchases; insufficient disclosure on surrender schedules and early withdrawal penalties. | $70,000 | Denied — No further response disclosed. |
| 2023 | Alleged misrepresentations regarding a fixed annuity product. | $65,543.93 | Denied — No further response disclosed. |
| 2019 | Alleged omission of material information regarding an annuity purchase as a Bankers Life representative. | $7,632 | Denied — No further response disclosed. |
Key Patterns and Investor Risks Identified
- Repeated Complaints Involving Annuities: All reported complaints center on annuity products, an area prone to high commissions and complex surrender periods that can pose undisclosed risks for many investors.
- Lack of Disclosure Allegations: Multiple clients allege that material facts about surrender schedules, penalties for early withdrawal, or risks were not fully explained, limiting their ability to make informed decisions.
- Material Misrepresentation Concerns: Claims of misleading or omitted information may signal a pattern of failing in the duty to act in the client’s best interest.
- Magnitude of Damages: The most recent complaint alleges losses of $1.8 million, a level that can devastate any retirement strategy and warrant urgent legal review.
- Firm Denials Without Independent Review: All complaints have been denied by Bankers Life Securities, yet the recurring issues highlight the importance of an independent legal evaluation for affected investors.
About Cody Moran’s Background
Mr. Moran has eight years of securities industry experience and has been registered with Bankers Life Securities in Cedar Rapids, Iowa since 2018. He has successfully completed the SIE, Series 6, and Series 63 examinations and is licensed in California, Illinois, Iowa, Nebraska, and Wisconsin. Details about his registrations and past disclosures can be reviewed using FINRA BrokerCheck. Investors are encouraged to routinely check an advisor’s record as part of their own diligence process.
What Should Investors Do Now?
If you or someone you know worked with Cody Moran, especially in connection with Bankers Life Securities annuity products, and have concerns about undisclosed risks, penalties, or financial losses, you may have recovery options.
- Do not accept firm denials as the final word. Many valid investor claims are initially rejected by firms looking to limit liability.
- Act now before critical statutes of limitations expire. Early review increases your chance of recovering lost funds.
- Get a professional assessment from attorneys with direct Wall Street experience, proven results, and deep insider knowledge.
Free, Confidential Consultation: Take Action Today
Our attorneys represent investors Nationwide and have extensive experience in claims involving annuities, misrepresentation, and breaches of fiduciary duty. We have fought and succeeded in recovering losses even when complaints seemed denied or dismissed by the brokerage. We believe every investor deserves accountability and a clear understanding of their rights.
If you have questions about your experience with Cody Moran of Bankers Life Securities in Cedar Rapids, Iowa, or want to explore your potential for recovery, call us now at 1-888-885-7162 for a free and completely confidential consultation. There are no fees unless we recover your losses.
Your financial future is too important to leave to chance. Contact us today and let our attorneys, trusted, experienced, and truly on your side, fight to recover what you have lost.
