Grant Boren Allegedly Made Misrepresentations Involving VUL Policy

Grant Boren (CRD #: 6514930), a broker registered with Purshe Kaplan Sterling Investments, allegedly made misrepresentations, according to his BrokerCheck record, accessed on June 13, 2023. Investors may have also worked with him through 49 Financial. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On May 9, 2023, an investor alleged that Grant Boren made misrepresentations in relation to the sale of an Incentive Life Optimizer III, Series 157 policy, a Variable Universal Life insurance policy (VUL). This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent methods to influence investors’ decisions. Misrepresenting an investment’s requirements, fees, or other features violates this rule.

What are VULs?

Variable Universal Life insurance policies (VULs) have two major features: a tax-free death benefit for beneficiaries and the investment of investors’ premiums. Because the value of a VUL policy depends on the performance of these investments, it’s not guaranteed to increase in value over time. Additionally, you’ll lose a VUL’s tax benefits if it lapses.

Background Information

Grant Boren has passed the following exams:

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

Grant Boren is a registered broker in 14 states and a registered investment adviser in Texas.

He has also worked for the following firms:

• Thrivent Advisor Network (CRD#:304569)
• PKS Advisory Services (CRD#:125648)
• AXA Advisors (CRD#:6627)

Kurta Law Can Help

If you worked with Grant Boren 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.