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Kyle Fults Of Bankers Life Securities, Bankers Life Advisory Services And Formerly With ProEquities Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Kyle Fults of Bankers Life Securities?

Kyle Fults (CRD #5819563) who is currently registered with Bankers Life Advisory Services, Bankers Life Securities and located in Omaha, Nebraska is a subject of one of our many securities industry sales practice abuse investigations. Prior to Bankers Life Advisory Services, Bankers Life Securities, Kyle Fults was associated with ProEquities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Kyle Fults Customer Complaints

Kyle Fults has been the subject of 2 customer complaints that we know about. One of Kyle Fults’ 2 customer complaints was settled in favor of investors. One of Kyle Fults’ customers’ complaints was denied and, to date, the customer has not taken any further action.

Allegations Against Kyle Fults

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Customer claimed they were misled by Kyle Fults allegedly at the time of sale as to the suitability, liquidity, and other features of the product.
  • In a written complaint, addressed to Bankers Life Securities, Inc., an attorney communicating on behalf of customer, alleged that the recommendation of Kyle Fults of the firm to liquidate two variable annuities owned by the client to purchase two Premium Bonus Indexed Annuities (PBIAs) issued by Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Firm was an unsuitable investment recommendations.  The complaint alleged that the PBIAs do not provide lifetime income, have limited upside market potential, limited liquidity, and contain a 10-year surrender period.

Kyle Fults Red Flags & Your Rights As An Investor

Of course, Kyle Fults 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 Kyle Fults at Bankers Life Securities, Bankers Life Advisory Services, and ProEquities on alert to review carefully the activity and performance of their accounts and question whether Kyle Fults has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Bankers Life Securities, Bankers Life Advisory Services, and ProEquities 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 Bankers Life Securities Due To Kyle Fults

If you have questions about Bankers Life Securities, Bankers Life Advisory Services, ProEquities, and/or Kyle Fults 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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