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Emil Babayans is the Subject of a Variable Annuity Dispute

Emil Babayans (CRD #: 1420382), a broker registered with Equitable Advisors, is facing an investor dispute, according to his BrokerCheck record, accessed on August 21, 2023. Keep reading if you have questions about the dispute. 

On June 18, 2023, an investor alleged that they were questioning how Emil Babayans represented the sale of a variable annuity. The firm denied the dispute, but investors should know that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration.

This is the second variable annuity dispute on his record. 

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 their investments makes them unsuitable for many investors. 

Background Information 

Emil Babayans 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 22 Direct Participation Programs Representative Examination 
  • Series 6 Investment Company Products/Variable Contracts Representative Examination 

He is a registered investment adviser in 18 states and a registered broker in 17 states. 

Emil Babayans has registered with the following firms: 

  • Equitable Advisors (CRD #: 6627) 
  • The Equitable Life Assurance Society of the United States 

Kurta Law Can Help

If you worked with Emil Babayans and you have concerns about your investments, please contact us today at 877-600-0098 or 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.