Donna Palm Involved in Investor Dispute Alleging Misrepresentation
Donna Palm (CRD #: 2846321), a broker registered with Pruco Securities, was involved in an investor dispute alleging misrepresentation, according to her BrokerCheck record, accessed on March 27, 2022. She is also an investment advisor registered with Prudential Financial Planning Services.
According to the allegations filed on December 23, 2021, Donna Palm misrepresented the sale of annuities and failed to fully disclose all the tax consequences. The case was denied; however, investors should know that they can still pursue FINRA arbitration and recover their losses following a denial.
FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or inducing individuals into buying investments with misleading statements about their potential benefits. This unethical conduct also violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor.
Losses that can be attributed to a stockbroker’s material misrepresentations of facts may result in a viable securities arbitration claim for damages.
Donna Palm has passed the following exams:
- Series 65 – Uniform Investment Adviser Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
Donna Palm is a registered broker in California and Montana. She is also a registered investment advisor in California.
Donna Palm has also worked with Ameriprise Financial Services (CRD#:6363) and IDS Life Insurance Company (CRD#:6321).
Kurta Law Can Help
If you worked with Donna Palm and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or firstname.lastname@example.org 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.