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Investor Alleges Garnet Wahlund Failed to Properly Disclose Variable Life Insurance Policy’s Fees

Sep 14, 2022 Investor Disputes

Garnet Wahlund (CRD #: 2685273), a broker registered with Equitable Advisors, allegedly failed to properly inform a client regarding fees, according to his BrokerCheck record, accessed on August 26, 2022. This is his seventh investor dispute. Read on to learn more about his conduct as a broker.

Investor Dispute

On July 22, 2022, an investor alleged that Garnet Wahlund failed to fully disclose fees associated with a variable life insurance policy purchased in 2017. This dispute was denied by the firm.

However, investors should be aware that firms can deny disputes without an outside review. Investors may be able to recover their money by seeking out FINRA arbitration after a denial.

FINRA Rule 2020

The omission of information concerning investments violates FINRA Rule 2020, which prohibits the use of deceptive, manipulative, and otherwise fraudulent tactics to influence investors’ decisions.

Background Information

Garnet Wahlund 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 6 – Investment Company Products/Variable Contracts Representative Examination
  • Series 26 – Investment Company Products/Variable Contracts Principal Examination

Garnet Wahlund is a registered broker in 12 states and a registered investment adviser in Indiana, Kentucky, Michigan, Ohio, and Virginia.

He has also worked for the following firms:

  • Investment Advisors (CRD#:15708)
  • ProEquities (CRD#:15708)
  • American General Securities (CRD#:13626)
  • Franklin Financial Services (CRD#:5435)

Kurta Law Can Help

If you worked with Garnet Wahlund 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.