Eder Bracamontes Allegedly Misrepresented VUL Premiums

Eder Bracamontes (CRD #: 6822232), a broker formerly registered with Equitable Advisors, is involved in an investor dispute, according to his BrokerCheck record, accessed on November 7, 2024. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On October 17, 2024, an investor alleged that Eder Bracamontes misrepresented the premium rates for a tobacco user with regard to a Variable Universal Life (VUL) insurance policy issued in November 2023. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential returns, risks, fees, or limitations.

What are VULs?

Variable Universal Life insurance policies (VULs) differ from other forms of life insurance because they invest a portion of investors’ premiums. Whether a VUL increases or decreases in value depends on the performance of its investments, so returns are not guaranteed.

Background Information

Eder Bracamontes has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• Series 7TO – General Securities Representative Examination
• SIE – Securities Industry Essentials Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Eder Bracamontes is a registered broker in all 50 states and the District of Columbia. He is also a registered investment adviser in 13 states and the District of Columbia.

He has also worked for Lincoln Financial Securities (CRD#:3870).

Kurta Law Can Help

If you worked with Eder Bracamontes 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 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.