Emmanuel Harris Allegedly Facilitated Purchase of Unsuitable Variable Annuity

Emmanuel Harris (CRD #: 1513927), a broker registered with Woodbury Financial Services, is the subject of a pending investor dispute, according to his BrokerCheck record, accessed on January 31, 2023. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On November 9, 2022, an investor alleged that Emmanuel Harris facilitated the purchase of an unsuitable variable annuity in 2021. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must take into account the information described in an investor’s profile, such as the client’s age, tax status, and overall financial situation.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

What are variable annuities?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information

Emmanuel Harris has passed the following exams:

• 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
• Series 24 – General Securities Principal Examination

Emmanuel Harris is a registered broker in 30 states and a registered investment adviser in Florida, Indiana, and Texas.

He has also worked for the following firms:

• LPL Financial (CRD#:6413)
• R.G. White Investments (CRD#:15178)
• First American National Securities (CRD#:10111)

Kurta Law Can Help

If you worked with Emmanuel Harris 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.