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Jennifer Moenter’s Advice Allegedly Led to Penalties for Client

May 9, 2023 Variable Annuities

Jennifer Moenter (CRD #: 6222756), a broker registered with Ameriprise Financial Services, was involved in an investor dispute, according to her BrokerCheck record, accessed on May 2, 2023. Keep reading to learn more about her alleged conduct as a broker.

Investor Dispute

On February 15, 2023, an investor alleged that Jennifer Moenter provided poor advice relating to how he should take a variable annuity’s required minimum distributions. This advice allegedly caused him to incur penalties.

The client sought $74,875.03 in damages but the firm denied the dispute.

Investors should be aware, however, that firms can deny disputes without an external review. Investors can still pursue FINRA arbitration after a denial and potentially recoup their losses.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment or strategy fits their investor’s financial goals. Brokers must examine the information contained in an investor’s profile, such as their tax status, risk tolerance, and overall financial situation.

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

Jennifer Moenter has passed the following exams:

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

Jennifer Moenter is a registered broker in 20 states and a registered investment adviser in Ohio and Texas.

Kurta Law Can Help

If you worked with Jennifer Moenter 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.