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Adam Herzing Embroiled in Investor Dispute

Adam Herzing (CRD #: 5448024), a broker registered with NYLIFE Securities, is involved in a pending dispute, according to his BrokerCheck record, accessed on December 26, 2022. Investors may have also engaged his services through Eagle Strategies. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On November 2, 2022, an investor alleged Adam Herzing promised the funds from the sale of her stock would be “secure” and not at risk of loss. Additionally, the client requested the reversal of a variable annuity she purchased on December 30, 2021. This dispute is currently pending.

Variable annuities are complex insurance products. They can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make variable annuities unsuitable.

FINRA Rule 2150

FINRA Rule 2150 prohibits brokers from guaranteeing investors against loss.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Adam Herzing has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Adam Herzing is a registered broker in 21 states and a registered investment adviser in California and Texas.

Kurta Law Can Help

If you worked with Adam Herzing and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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