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Devin Degeeter Of Bankers Life Securities Has A Customer Complaint For Alleged Broker Misconduct

Who is Devin Degeeter of Bankers Life Securities?

Devin Degeeter (CRD #6849630) who is currently registered with Bankers Life Securities and located in Waterloo, Iowa is a subject of one of our many securities industry sales practice abuse investigations.

Devin Degeeter Customer Complaint

Devin Degeeter 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 that in a written complaint received December 12, 2019 addressed to Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Firm, [REDACTED] alleged that after review of a Premium Bonus Indexed Annuity (PBIA) purchased in October of 2019, she felt that her registered representative misrepresented the annuity’s rate of interest and its overall return. Client alleged that despite executing a delivery receipt for the policy on November 1, 2019, the policy was not delivered to her until November 15, 2019, and accordingly requested to cancel the annuity under the free-look period. BLC determined that the annuity was delivered to [REDACTED] on November 1, 2019 and was outside of the free-look period to cancel. In addition, BLC found the annuity was suitable with client’s financial status, goals, and objectives. 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. Devin Degeeter’s customer complaint was denied and, to date, the customer has not taken any further action.

Devin Degeeter Red Flags & Your Rights As An Investor

Of course, Devin Degeeter 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 Devin Degeeter at Bankers Life Securities on alert to review carefully the activity and performance of their accounts and question whether Devin Degeeter 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 Devin Degeeter

If you have questions about Bankers Life Securities and/or Devin Degeeter 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.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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