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Todd Anderson Formerly With Benchmark Investments, LLC and Cetera Advisors LLC Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Todd Anderson formerly with Formerly With Benchmark Investments, LLC?

Todd Anderson

Todd Anderson (CRD #1896352) who was formerly registered with Formerly With Benchmark Investments, LLC and located in Tucson, Arizona, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Benchmark Investments, LLC, Todd Anderson was associated with Cetera Advisors LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Todd Anderson has had his own regulatory problems. In May, 2023, he consented to a suspension of 45 days, restitution in excess of $20,000, and a civil penalty the amount of $5000 for allegedly recommending a senior customer invest over $1 million in 34 mutual funds spread across 31 different fund families without consideration of volume discounts, breakpoints, and rights of accumulation.

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Todd Anderson Customer Complaints

Todd Anderson has been the subject of 3 customer complaints that we know about recovering investment losses. Two of the customer complaints were settled by Todd Anderson’s former employers in favor of the investors. The third customer complaint was denied and the customer took no further action.

Allegations Against Todd Anderson

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

  • Failure to disclose surrender fees a variable annuity.
  • Misrepresentation of features of variable annuity riders.
  • 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, LLC 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 Benchmark Investments, LLC and Cetera Advisors LLC 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.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Benchmark Investments, LLC Due To Todd Anderson

If you have questions about Benchmark Investments, LLC, 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.

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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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