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Investor Alleges Jake Remolona Misrepresented Variable Annuity

Jake Remolona (CRD #: 7427430), a broker registered with Equitable Advisors, allegedly misrepresented an investment product, according to his BrokerCheck record, accessed on March 22, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

In a dispute filed on January 23, 2023, an investor alleged that Jake Remolona misrepresented a variable annuity sold to the client in 2022. This dispute is currently pending.

FINRA Rule 2020

The misrepresentation of information related to investments violates FINRA Rule 2020, which prohibits the use of manipulation, deception, and other fraudulent means of influencing the purchase and sale of securities.

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

Jake Remolona has passed the following exams:

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

Jake Remolona is a registered broker and a registered investment adviser in California.

Kurta Law Can Help

If you worked with Jake Remolona 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. 

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