DID LORRAINE MARIE FROWNFELTER CAUSE YOU INVESTMENT LOSSES?
Lorraine Frownfelter Of Bankers Life Securities And Bankers Life Advisory Services Has A Customer Complaint For Alleged Broker Misconduct
Who is Lorraine Frownfelter of Bankers Life Securities?
Lorraine Frownfelter (CRD #6679543) who is currently registered with Bankers Life Securities, Bankers Life Advisory Services and located in Erie, Pennsylvania is a subject of one of our many securities industry sales practice abuse investigations.
Lorraine Frownfelter Customer Complaint
Lorraine Frownfelter 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 a written complaint dated April 29, 2020 and received by the Firm on May 5, 2020, addressed to Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Firm, the son of a BLC client, who stated he was also the client’s POA, asked for BLC to contact him regarding an application for a BLC Premium Bonus Indexed Annuity (PBIA) allegedly filed on a fraudulent basis on behalf of his mother in April of 2019. BLC forwarded the allegation of forgery to its Special Investigation Unit where the claims of fraud and forgery are being reviewed. While the PBIA sold to [REDACTED] was not a security and was issued by BLC, the firm reported 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 and the complaint included an allegation of forgery. Lorraine Frownfelter’s customer complaint was denied and, to date, the customer has not taken any further action.
Lorraine Frownfelter Red Flags & Your Rights As An Investor
Of course, Lorraine Frownfelter 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 Lorraine Frownfelter at Bankers Life Securities and Bankers Life Advisory Services on alert to review carefully the activity and performance of their accounts and question whether Lorraine Frownfelter has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Bankers Life Securities and Bankers Life Advisory Services 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 Lorraine Frownfelter
If you have questions about Bankers Life Securities, Bankers Life Advisory Services, and/or Lorraine Frownfelter 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.