Can I recover losses from investments with J.W. Cole Financial, Inc. broker Allyson Trantum (CRD# 2896970) who is accused of variable annuity investment losses? She has been registered with J.W. Cole Financial, Inc. in Temecula, California since 2018. Previously, he was registered with LPL Financial LLC in Temecula, California from 2016 to 2018, when he was terminated regarding, “Shared customer information with customer’s relative after receiving oral consent from customer, but in advance of receiving written consent form, as required by Firm policy.”
Allyson Trantum Customer Complaint
She has been the subject of one customer complaint, according to her CRD report:
March 2021. “Client completed paperwork to surrender annuity in response to buyout offer from VA sponsor and alleges she did not wish to surrender the annuity and is seeking lost lifetime income guarantees.” The customer sought $2 million in damages and the case was settled for $400,000. The complaint was regarding variable annuity investment losses. The complaint took place while she was registered with J.W. Cole Financial, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, J.W. Cole Financial, Inc. may be liable for investment or other losses suffered by Allyson Trantum’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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