DID CRAIG SMITH SENN CAUSE YOU INVESTMENT LOSSES?
Craig Senn Of Securities America, Securities America Advisors Has 4 Customer Complaints For Alleged Broker Misconduct
Who is Craig Senn of Securities America?
Craig Senn (CRD #866245) who is currently registered with Securities America, Securities America Advisors and located in Mendota Heights, Minnesota is a subject of one of our many securities industry sales practice abuse investigations.
Craig Senn Customer Complaints
Craig Senn has been the subject of 4 customer complaints that we know about. One of Craig Senn’s 4 customer complaints was settled in favor of investors. Three of Craig Senn’s customers complaints were denied and, to date, the customers have not taken any further action.
Allegations Against Craig Senn
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Customer alleged that two ING variable annuities were sold with an income rider by Craig Senn, however, the contracts were not issued with the income rider discussed. Customer also alleges the contracts were not delivered to him.
- Customer alleged Craig Senn failed to place trades to reallocate funds in an ING variable annuity.
- The client alleged that Craig Senn’s recommendation to purchase a variable annuity was not suitable.
- The complaint alleged that in the sale of Allianz Vision variable annuities, Craig Senn misrepresented the tax benefit of using a tax deferred annuity within a 401(k) plan, and that he misrepresented that the product guaranteed a 7% return and certain guarantees locking in values on the contract anniversary dates, and that participants did not receive policies or account statements for approximately one year. The complaint also alleges that in four contracts, employees instructed that funds be exchanged from a money market subaccount to various other subaccounts, and that Allianz rebalanced each contract entirely back to the money market.
Craig Senn Red Flags & Your Rights As An Investor
Of course, Craig Senn 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 Craig Senn at Securities America and Securities America Advisors on alert to review carefully the activity and performance of their accounts and question whether Craig Senn has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Securities America and Securities America Advisors also raises questions about the brokerage firms’ 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 Securities America Due To Craig Senn
If you have questions about Securities America, Securities America Advisors, and/or Craig Senn 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.