Investor Alleges James Bardin Misrepresented Variable Life Insurance Product

James Bardin (CRD #: 1099567), a broker formerly registered with Principal Securities, allegedly misrepresented a life insurance product, according to his BrokerCheck record, accessed on June 27, 2023. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On April 10, 2023, an investor alleged that James Bardin misrepresented an unsuitable variable life insurance product, leading to tax consequences and a loss of return on the investment. This dispute was denied by the firm.

Investors should know, however, that firms don’t need to permit an outside review before denying disputes. Investors can potentially recover their losses following a denial by seeking out FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulative, deceptive, or otherwise fraudulent means of influencing investors’ decisions. Misrepresenting an investment’s potential fees, risks, returns, or other relevant information violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. An investor’s profile contains information about their risk tolerance, tax status, and financial goals

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

James Bardin has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 22 – Direct Participation Programs Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

He previously worked for Principal Securities (CRD#:1137).

Kurta Law Can Help

If you worked with James Bardin 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.