Investor Alleges Jeffrey Crum Recommended Unsuitable Variable Annuity

Jeffrey Crum (CRD #: 2072761), a broker registered with Fidelity Brokerage Services, is involved in a pending dispute, according to his BrokerCheck record, accessed on March 7, 2023. Investors may have also engaged his services through Fidelity Personal and Workplace Advisors. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On December 14, 2022, an investor filed a dispute alleging that Jeffrey Crum made an unsuitable recommendation of a variable annuity. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must use the information in an investor’s profile, such as their risk tolerance, age, and tax status when making recommendations.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

What are variable annuities?

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

Background Information

Jeffrey Crum 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 10 – General Securities Sales Supervisor – General Module Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination
• Series 8 – General Securities Sales Supervisor Examination (Options Module & General Module)

Jeffrey Crum is a registered broker in 35 states and the District of Columbia. He is also a registered investment adviser in Illinois and Texas.

He has also worked for Strategic Advisers (CRD#:104555) and Prudential Securities (CRD#:7471).

Kurta Law Can Help

If you worked with Jeffrey Crum 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.