James Choteau Involved in a PBIA Dispute
James Choteau (CRD #: 5957736), a broker registered with Bankers Life Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 11, 2024. Keep reading if you have questions concerning his alleged conduct.
Investor Allegations
On July 9, 2024, a Power of Attorney named James Choteau in a dispute alleging that a purchase of a Bankers Life and Casualty Company Premium Bonus Index Annuity (PBIA). Securities in the customer’s Bankers Life Securities accounts were liquidated to fund the annuity.
The investor is seeking $140,000.
High Standards of Commercial Honor
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Liquidating securities to fund an annuity may violate this rule.
Background Information
James Choteau has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- Series 6TO Investment Company Products/Variable Contracts Representative Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
He is a registered broker in Kansas, Missouri, and Texas.
James Choteau has registered with Bankers Life Securities (CRD #: 173962) and ProEquities (CRD #: 15708).
Kurta Law Can Help
If you worked with James Choteau and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.