Avantax Investment Services, Inc. Broker Virgil Biggs Accused of Misrepresentations

Avantax Investment Services, Inc.

Avantax Investment Services, Inc. broker Virgil Biggs (CRD# 1755904) accused of misrepresentations leading to investment losses. He has been registered with Avantax Investment Services, Inc. in Saranac, Michigan since 1987. 

Virgil Biggs Customer Complaints

He has been the subject of two customer complaints between 2006 and 2021, one of which was denied, according to his CRD report:

December 2021. “Claimants alleged the investments they purchased in 2014 and 2015 were not suitable and were misrepresented.” The case is currently pending. The complaint was regarding direct investments and equity OTC.

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, Avantax Investment Services, Inc. may be liable for investment or other losses suffered by Virgil Biggs’ 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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.