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Investor Alleges Brendon Elliot Omitted Information Regarding Variable Annuity

Brendon Elliot (CRD #: 5695797), a broker registered with NYLIFE Securities, allegedly omitted information, according to his BrokerCheck record, accessed on June 20, 2022. Keep reading if you have questions about Brendon Elliot’s conduct as a broker.

Investor Dispute

On April 20, 2022, an investor filed a dispute alleging that Brendon Elliot failed to inform her that she would not be able to move her money from a variable annuity into a 401K. The client seeks the return of her funds in this pending dispute. Variable annuities are complex investments that often do not fit the needs of everyday investors. 

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other unethical tactics to influence the purchase and sale of securities. This includes the omission or misrepresentation of information regarding investments, such as their fees, potential returns, and limitations.

Background Information

Brendon Elliot has passed the following exams:

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

Brendon Elliot is a registered broker in 12 states. He has only registered with NYLife Securities (CRD #: 5167). 

Kurta Law Can Help

If you worked with Brendon Elliot 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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