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Justin Dorman Of Bankers Life Securities Has A Customer Complaint For Alleged Broker Misconduct

Who is Justin Dorman of Bankers Life Securities?

Justin Dorman (CRD #6893433) who is currently registered with Bankers Life Securities and located in Bluffton, South Carolina is a subject of one of our many securities industry sales practice abuse investigations.

Justin Dorman Customer Complaint

Justin Dorman has been the subject of at least one customer complaint that we know about, which was filed in the last year to recover investment losses. The allegations made in the FINRA reported customer complaint for investment losses were In a written complaint received by the Firm on April 3, 2020, addressed to Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Firm, [REDACTED] and [REDACTED] alleged that, in March 2020, their registered representative recommended they surrender a variable annuity and purchase a Guaranteed Lifetime Indexed Annuity (GLIA) issued and sold by BLC. [REDACTED] and [REDACTED] stated that the registered representative told them the surrender value of their annuity would be locked, but that there was a delay of six days from dated the annuity application form was signed to when the GLIA was funded resulting in the value of the transfer to decline by $15,000. BLC denied [REDACTED] and [REDACTED] complaint finding that the GLIA was suitable as it provided protection of principal and security, and also provided growth and future income, consistent with [REDACTED] and [REDACTED] financial goals. BLC also determined that had the transfer not been processed [REDACTED] and [REDACTED] the value of their variable annuity would have declined even further due to the volatility of the market. While the GLIA sold to [REDACTED] and [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. Justin Dorman’s customer complaint was denied and, to date, the customer has not taken any further action.

Justin Dorman Red Flags & Your Rights As An Investor

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

If you have questions about Bankers Life Securities and/or Justin Dorman 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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