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Arthur Finkle Allegedly Failed to Fully Inform Investor About Variable Life Insurance Policy

Nov 21, 2022 Variable Annuities

Arthur Finkle (CRD #: 207901), a broker registered with Hornor, Townsend, & Kent, allegedly omitted facts about an insurance policy, according to his BrokerCheck record, accessed on November 7, 2022. Keep reading to learn more about his conduct as a broker.

Investor Dispute

On September 7, 2022, an investor alleged that Arthur Finkle failed to inform him that taking disbursements from his variable life insurance policy could cause it to lapse or that minimum premium payments would be necessary to maintain the policy. The client sought $100,000 in damages but was denied by the firm.

Investors should be aware, however, that firms don’t need to permit an outside review before denying disputes. Investors can still seek out FINRA arbitration and may be able to recover their funds after a denial.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative or deceptive tactics, like the omission or misrepresentation of material facts, as they relate to the purchase and sale of securities.

Background Information

Arthur Finkle has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 1 – Registered Representative Examination

Arthur Finkle is a registered broker in 23 states and a registered investment adviser in Florida.

He has also worked for Royal Alliance Associates (CRD#:23131) and Integrated Resources Equity Corporation (CRD#:6403).

Kurta Law Can Help

If you worked with Arthur Finkle 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.