DID TODD RAY ANDERSON CAUSE YOU INVESTMENT LOSSES?
Todd Ray Anderson Of Benchmark Investments, Inc. And Formerly With Cetera Advisors, LLC Has 3 Customer Complaints For Alleged Broker Misconduct In the Past Year
Who is Todd R. Anderson with Benchmark Investments, Inc.?
Todd Anderson (CRD #1896352) who is currently registered with Benchmark Investments, Inc. and located in Tucson, Arizona is a subject of one of our many securities industry sales practice abuse investigations. Prior to Benchmark Investments, Inc., Todd Anderson was associated with Cetera Advisors LLC and 6 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
In September 2019, Todd Anderson was terminated by Cetera Advisors, LLC for allegedly failing to follow his employer’s written instruction that he obtain pre-approval for all mutual fund purchases; failure to follow the terrors procedure requiring pre-approval of outside business activities; and based, in part, on a customer allegation that the representative engaged in unauthorized trading.
Cetera Advisors, LLC Broker Misconduct
In his career, Todd Anderson has been the subject of 4 customer complaints that we know about, 3 of those complaints were filed in the last year to recover investment losses. One of Todd Anderson’s 4 customer complaints was settled in favor of investors. 1 of the customer complaints was recently denied by a former employer, and to date, the customer has not taken any further action. There are currently two pending customer complaints filed against Todd Anderson’s former employer Cetera Advisors, LLC for investment losses caused by his alleged misconduct.
Allegations Against Todd Anderson
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- Client alleges that Todd Anderson misrepresented features of a variable annuity riders.
- Client alleges that the financial advisor failed to disclose surrender for charges in connection with an annuity they purchased.
- Claimants in the 2 pending cases allege that Todd Anderson made unsuitable investment recommendations involving real estate securities.
Todd Anderson Red Flags & Your Rights As An Investor
Of course, Todd Anderson 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 Todd Anderson at Benchmark Investments, Inc. and Cetera Advisors LLC on alert to review carefully the activity and performance of their accounts and question whether Todd Anderson has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Advisors LLC about Todd Anderson also raises questions about its 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 Benchmark Investments, Inc.
If you have questions about Benchmark Investments, Inc., Cetera Advisors LLC and/or Todd Anderson 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.