DID CODY JOHN MORAN CAUSE YOU INVESTMENT LOSSES?
Cody Moran Of Bankers Life Securities Has A Customer Complaint For Alleged Broker Misconduct
Who is Cody Moran of Bankers Life Securities?
Cody Moran (CRD #6939984) who is currently registered with Bankers Life Securities and located in Cedar Rapids, Iowa is a subject of one of our many securities industry sales practice abuse investigations.
Cody Moran Customer Complaint
Cody Moran has been the subject of at least one customer complaint that we know about. The allegations made in the FINRA reported customer complaint for investment losses were in a written response to a LIMRA survey, received by Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Firm, on September 4, 2019, [REDACTED] alleged that a registered representative of the firm and licensed insurance agent of BLC did not tell him about certain terms and penalties associated with a Premium Bonus Indexed Annuity (PBIA) issued by BLC in April of 2019 . In his survey response, [REDACTED] stated that had he been informed of this information, he would not have agreed to purchase the annuity. Based on its review of the client file, including client file notes, disclosures and client acknowledgements, BLC determined that the recommendation to purchase the PBIA was suitable for the client. While the PBIA sold to [REDACTED] was not a security and was issued by BLC, the Firm is reporting this complaint because the source of funding for the BLC annuity came from the sale of securities recommended by a registered representative of the Firm. Cody Moran’s customer complaint was denied and, to date, the customer has not taken any further action.
Cody Moran Red Flags & Your Rights As An Investor
Of course, Cody Moran 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 Cody Moran at Bankers Life Securities on alert to review carefully the activity and performance of their accounts and question whether Cody Moran has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Bankers Life Securities also raises questions about the brokerage firm’s 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 Due To Cody Moran
If you have questions about Bankers Life Securities and/or Cody Moran 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.