Christopher Walters Subject of a Variable Annuity Dispute

Christopher Walters (CRD #: 4892817), a broker registered with Janney Montgomery, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on February 2, 2024. Investors who have concerns should keep reading. 

On October 16, 2023, an investor alleged that Christopher Walters recommended a variable annuity and misrepresented the annuity’s features and expected performance. 

What is a Variable Annuity? 

Variable annuities are complex investments. They are insurance products that come with an investment component. The associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. Furthermore, the risk associated with this type of illiquid investment makes it unsuitable for many investors. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Christopher Walters has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination
• Series 9 General Securities Sales Supervisor – Options Module Examination  

He is a registered broker in 23 states and is a registered investment adviser in Texas and Virginia. 

Christopher Walters has registered with the following firms: 

• Janney Montgomery Scott (CRD #: 463) 
• Truist Advisory Services (CRD #: 283390) 
• Truist Investment Services (CRD #: 17499) 
• BB&T Securities (CRD #: 142785) 
• Scott & Stringfellow (CRD #: 6255) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• UBS Financial Services (CRD #: 8174) 

Kurta Law Can Help 

If you have worked with Christopher Walters and you have concerns about your investments, do not hesitate to contact us 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 that 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. Do not let securities fraud go unchecked. Start your recovery process today.