Jeffrey Buchanan is the Subject of a Variable Annuity Dispute

Jeffrey Buchanan (CRD #: 4083514), a broker registered with Osaic Wealth, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 21, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On April 14, 2024, an investor alleged that Jeffrey Buchanan offered poor advice regarding the annuitization of her variable annuity contract. The investor is seeking $189,897. 

What is a Variable Annuity? 

Variable annuities are complex investments. They are insurance products that come with an investment component. The associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. Furthermore, the risk associated with this type of illiquid investment makes it unsuitable for many investors. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Securities fraud violates FINRA Rule 2010. Providing poor advice may violate this rule. 

Background Information 

Jeffrey Buchanan 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
• Series 51 Municipal Fund Securities Principal Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 15 states and is a registered investment adviser in North Carolina and Pennsylvania. 

During his 24 years of experience, Jeffrey Buchanan has registered with seven firms. These are the four most recent: 

• Osaic Wealth (CRD #: 23131) 
• Securities America Advisors (CRD #: 110518) 
• Securities America (CRD #: 10205) 
• National Planning Corporation (CRD #: 29604). 

Kurta Law Can Help 

If you have worked with Jeffrey Buchanan 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.