According to a Complaint with the Financial Industry Regulatory Authority (FINRA), Winston Wade Turner was accused of engaging in a course of deception and other misconduct in connection with sales and exchange of variable annuities involving numerous customers. Turner also allegedly induced customers to exchange their existing variable annuities and other investments while hiding from his firm the true source of the customer funds, and misrepresented the source of the customer’s funds and falsely denied in transaction document that the customers had previously held variable annuities or other investments. The customers were actually surrendering or liquidating such investments to fund the new variable annuities he was recommending and selling to them. Turner also allegedly participated in undisclosed and unapproved private securities transactions and engaged in outside business activities. He also made misrepresentations and omissions of material fact to customers in connection with some of his variable annuity recommendations. These are against securities rules and regulations.
Turner was registered with MetLife Securities in Atlanta, Georgia from December 2011 until July 2013, and Pruco Securities in Sarasota, Florida from July 2013 until August 2015. He has nine customer disputes against him, four of which are currently pending. He is not licensed within the industry, according to his online FINRA BrokerCheck report. His former firm, MetLife, may be liable for investment losses. Please call us to find out how.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.