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James Davis Allegedly Misrepresented Variable Life Insurance Policy

James Davis (CRD #: 6646090), a broker formerly registered with Northwestern Mutual Investment Services, allegedly misrepresented an insurance policy, according to his BrokerCheck record, accessed on October 31, 2024. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On August 6, 2024, an investor alleged that James Davis misrepresented the terms of a variable life insurance policy in approximately August 2023, and also failed to adequately explain the policy’s fees and other costs. This dispute was settled for $81,000.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information

James Davis has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 7TO – General Securities Representative Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

He previously worked for Northwestern Mutual Investment Services (CRD#:2881).

Kurta Law Can Help

If you worked with James Davis 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 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. 

 

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