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Jason Bertram Allegedly Misrepresented Fixed Annuity

Jason Bertram (CRD #: 3257243), a broker registered with Northwestern Mutual Investment Services, allegedly misrepresented and omitted information, according to his BrokerCheck record, accessed on October 16, 2022. If you want to know more about his conduct as a broker, keep reading.

Investor Dispute

On July 5, 2022, an investor alleged that Jason Bertram facilitated the rolling over of funds from a 401(k) and recommended the client use some of the funds to purchase a Northwestern Mutual fixed annuity in or around June 2019.

The client further alleged that Jason Bertram misrepresented the annuity contract options as being changeable after the contract was issued and failed to disclose how the annuity’s death benefit could be eliminated under certain conditions. The firm denied this dispute.

However, investors should know that firms can deny disputes without an outside review. Investors can still pursue FINRA arbitration after a denial and may be able to recoup their losses.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulation, deception, and other fraudulent methods of influencing investors’ decisions. The misrepresentation of an investment’s features, requirements, or other relevant information violates this rule.

Background Information

Jason Bertram has passed the following exams:

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

Jason Bertram is a registered broker in eight states and a registered investment adviser in Minnesota.

He has also worked for Robert W. Baird & Company (CRD#:8158).

Kurta Law Can Help

If you worked with Jason Bertram and you have concerns about your investments, please contact us today at 877-600-0098 or 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.