DID ROBBY EDWARD AMMONS CAUSE YOU INVESTMENT LOSSES?
Robby Ammons Of Pruco Securities And Formerly With Bankers Life Securities and ProEquities Has A Customer Complaint For Alleged Broker Misconduct
Who is Robby Ammons of Pruco Securities?
Robby Ammons (CRD #4278581) who is currently registered with Pruco Securities and located in Hendersonville, North Carolina is a subject of one of our many securities industry sales practice abuse investigations. Prior to Pruco Securities, Robby Ammons was associated with Bankers Life Securities, ProEquities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Robby Ammons Customer Complaint
Robby Ammons has been the subject ofat least one customer complaint that we know about. The allegations made in the FINRA reported customer complaint for investment losses were in a written complaint, addressed to Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Bankers Life Securities. In that complaint, the customer alleged that her registered representative, while then-associated with the firm and BLC, made an unsuitable recommendation to purchase a Guaranteed Life Income Annuity (GLIA). Customer alleged that the annuity would not be able to guarantee her lifetime income in retirement as it was established as an Inherited IRA and the Required Minimum Distributions would be greater that the guaranteed income and thus would deplete her principal. Customer asked to be released of the annuity without surrender fees. After reviewing the allegations in the complaint, BLC determined that the sale of the annuity was suitable, but as an accommodation allowed the client to surrender the policy without penalty. While the GLIA sold to Customer was not security and was issued by BLC, the Bankers Life Securities is reporting this complaint because the source of funding for the BLC annuity came from the sale of securities recommended by a former registered representative of the firm. Robby Ammons’ customer complaint was settled in favor of the investors.
Robby Ammons Red Flags & Your Rights As An Investor
Of course, Robby Ammons 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 Robby Ammons at Pruco Securities, Bankers Life Securities, and ProEquities on alert to review carefully the activity and performance of their accounts and question whether Robby Ammons has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Pruco Securities, Bankers Life Securities, and ProEquities 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 Pruco Securities Due To Robby Ammons
If you have questions about Pruco Securities, Bankers Life Securities, ProEquities, and/or Robby Ammons 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.