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Jeffrey Beaulieu Allegedly Recommended Unsuitable Variable Annuity

Nov 22, 2022 Variable Annuities

Jeffrey Beaulieu (CRD #: 2580227), a broker registered with NYLIFE Securities, allegedly made an unsuitable investment recommendation, according to his BrokerCheck record, accessed on November 7, 2022. Investors may have also engaged his services through Eagle Strategies. Read on if you have questions about his conduct as a broker.

Investor Dispute

On September 6, 2022, an investor alleged that Jeffrey Beaulieu recommended a variable annuity purchased in December 2021 without taking into consideration her overall financial situation. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must examine the information contained in an investor’s profile, such as their tax status, age, and other investments.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Recommending unsuitable investments violates FINRA Rule 2010. 

Background Information

Jeffrey Beaulieu 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 6 – Investment Company Products/Variable Contracts Representative Examination

Jeffrey Beaulieu is a registered broker in 18 states and a registered investment adviser in California and Texas.

Kurta Law Can Help

If you worked with Jeffrey Beaulieu 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.