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Janet Doherty is the Subject of an Unauthorized Transfer Allegation

Janet Doherty (CRD #: 2073278), a previously registered broker with Cetera Advisors, is the subject of an investor dispute. This disclosure appears on her BrokerCheck record, accessed on April 5, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On January 11, 2024, an investor alleged that Janet Doherty recommended an unauthorized transfer of funds from fixed annuities to a variable annuity. 

Unauthorized Trading

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

Variable Annuities 

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying securities. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information 

Janet Doherty has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

During her 28 years of experience, she has registered with seven firms: 

  • Cetera Advisors (CRD #: 10299)
  • Osaic Wealth (CRD #: 23131) 
  • American Express Financial Advisors (CRD #: 6363) 
  • IDS Life Insurance Company (CRD #: 6321) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • Smith Barney (CRD #: 7059) 
  • Prudential Securities Incorporated (CRD #: 7471) 

Kurta Law Can Help 

If you have worked with Janet Doherty and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.

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