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Arnold Pullins Allegedly Recommended Unsuitable Life Insurance Policy

Oct 31, 2022 Unsuitable Investments

Arnold Pullins (CRD #: 1047643), a broker formerly registered with Centaurus Financial, allegedly made an unsuitable recommendation, according to his BrokerCheck record, accessed on October 16, 2022. Keep reading if you have questions about his conduct as a broker.

Investor Dispute

On July 5, 2022, an investor alleged that Arnold Pullins recommended an unsuitable life insurance policy and that the client specifically requested a policy with premiums that would not increase as he got older. This dispute was denied by the firm.

Investors should be aware, however, that firms don’t need to permit an external review before denying a dispute. Investors may be able to recover their funds by seeking out FINRA arbitration after a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment suits their investor’s financial goals. Brokers must take into account the information described in an investor’s profile, including the client’s risk tolerance, tax status, and other investments.

Investors who rely on their broker for recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Arnold Pullins has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

In the past, he worked for the following firms:

  • Centaurus Financial (CRD#:30833)
  • Madison Avenue Securities (CRD#:23224)
  • AXA Advisors (CRD#:6627)
  • The Equitable Life Assurance Society of the United States (CRD#:4039)

Kurta Law Can Help

If you worked with Arnold Pullins and you have concerns about your investments, please contact us today at 877-600-0098 or 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.