Did Bennie Greene Misrepresent a Variable Life Policy?

Bennie Greene (CRD #:866207), a broker registered with Equitable Advisors, is involved in an investor dispute, according to his BrokerCheck record accessed on February 10, 2022. 

According to the allegations filed on December 16, 2021, Bennie Greene misrepresented a variable life policy while he was employed with MONY Securities.

The firm denied the dispute, but investors should know that firms can deny disputes without any external review. It is also important for investors to know that they can still pursue FINRA arbitration and recover their losses following a denial.

Misrepresentation and FINRA Rule 2010

Misrepresentation is a common problem in the securities industry. It usually occurs when an investment broker makes false or misleading statements about a financial product in an effort to persuade their customer to invest. 

Misrepresentations and omissions concerning material facts in investment recommendations deprive investors of the information they need to assess risks associated with a particular investment.

FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or inducing people into buying investments with false statements about their potential benefits. 

Losses that can be attributed to a stockbroker’s material misrepresentations of facts may result in a viable securities arbitration claim for damages.

Background Information

Bennie Greene has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• Series 65 – Uniform Investment Adviser Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 1 – Registered Representative Examination

He is a registered broker in seven states.

Besides Equitable Advisors and MONY Securities,  Bennie Greene has also worked with The Mutual Life Insurance Company Of New York (CRD#:2873).

Kurta Law Can Help

If you have worked with Bennie Greene and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors 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. Please reach out if you have any questions about what steps to take next to recover your investment losses.