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Erik Zwilling Allegedly Misrepresented VUL Policy

Erik Zwilling (CRD #: 4208417), a broker registered with Morgan Stanley, was recently involved in an investor dispute, according to his BrokerCheck record, accessed on January 31, 2023. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On November 8, 2022, an investor filed a dispute alleging that Erik Zwilling misrepresented a Variable Universal Life insurance policy (VUL) in February 2020. This dispute was denied by the firm.

Investors should know, however, that firms don’t need to allow an external review before denying a dispute. Investors can still seek out FINRA arbitration following a denial and may be able to recover their losses.

FINRA Rule 2020

The misrepresentation of information related to investments violates FINRA Rule 2020, which prohibits the use of deception, manipulation, and other fraudulent tactics to influence investors’ decisions.

What is variable universal life insurance?

Variable Universal Life Insurance policies (VUL) have two major features: a tax-free death benefit for beneficiaries and the investment of investors’ premiums. Whether the value of a VUL policy increases or decreases over time depends on the performance of these investments. Additionally, VULs are prone to lapsing, which negates any purported benefit.

Background Information

Erik Zwilling has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Erik Zwilling is a registered broker in 15 states and a registered investment adviser in Ohio.

He has also worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691) and UBS Financial Services (CRD#:8174).

Kurta Law Can Help

If you worked with Erik Zwilling 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 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.