Evan Branfman Allegedly Misrepresented Variable Annuity

Evan Branfman (CRD #: 3270650), a broker registered with Ameriprise Financial Services, allegedly failed to fully inform a client, according to her BrokerCheck record, accessed on August 24, 2025. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On July 1, 2025, an investor alleged that Evan Branfman provided incorrect information concerning the benefit base amount for a variable annuity’s income guarantee. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an external review. It’s still possible to recover damages following a denial and investors may want to pursue FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

What are Variable Annuities?

Variable annuities are complex investments whose value depends on the performance of their underlying securities. Surrender charges, tax penalties, and other fees can make these policies unsuitable for certain investors.

Background Information

Evan Branfman has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Combined State Law Examination – Series 66
• Uniform Securities Agent State Law Examination – Series 63

Evan Branfman is a registered broker in 32 states and a registered investment adviser in New Jersey, New York, and Texas.

He has also worked for IDS Life Insurance Company (CRD#:6321).

Kurta Law Can Help

If you worked with Evan Branfman 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.