DID CHARLES LEE CAUSE YOU INVESTMENT LOSSES?
Charles Lee with Bankers Life Securities, Inc. Has to Customer Complaints For Alleged Broker Misconduct In the Past 2 Years
Who is Charles Lee with Bankers Life Securities, Inc.?
Charles Lee (CRD #4686159) who is currently registered with Bankers Life Securities, Inc. and located in Farmington, Connecticut is a subject of one of our many securities industry sales practice abuse investigations. Prior to Bankers Life Securities, Inc., Charles Lee was associated with Proequities, Inc. and 4 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Bankers Life Securities, Inc. Broker Misconduct
In his career, Charles Lee has been the subject of 3 customer complaints that we know about, 2 of those complaints were filed in the last 2 years to recover investment losses. Bankers Life Securities, Inc. and Pro-equities, Inc. denied the customer complaints for investment losses caused by his alleged misconduct. To date, customers have not taken any further action while Bankers Life Securities, Inc. continues to investigate the allegations of broker misconduct described below.
Allegations Against Charles Lee
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- A family member of a customer who was allegedly suffering of diminished capacity and claimed that Charles Lee used high pressure sales tactics to have his brother surrender his variable annuity and reinvest into premium bonus indexed annuities. Further, was alleged that there was no disclosure of the high surrender charges associated with the annuity transfers.
- In another case, another family member complained the financial advisor pressured her brother-in-law who suffers from cognitive and memory issues to surrender his variable annuities and reinvest in premium bonus indexed annuities and a guaranteed life income annuity which were unsuitable investment recommendations.
- Customer alleges that he was not informed at the investment made was not guaranteed that the value of the mutual fund shares he owned could decrease.
Charles Lee Red Flags & Your Rights As An Investor
Of course, Charles Lee did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Charles Lee at Bankers Life Securities, Inc. and Proequities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Charles Lee has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Bankers Life Securities, Inc. and Proequities, Inc. about Charles Lee also raises questions about their supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Bankers Life Securities, Inc. And Proequities, Inc.
If you have questions about Bankers Life Securities, Inc., Proequities, Inc. and/or Charles Lee and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.