Joe Henderson Allegedly Recommended Unsuitable Variable Annuity

Joe Henderson (CRD #: 1539890), a broker formerly registered with Equitable Advisors, has been fired from that firm, according to his BrokerCheck record, accessed on February 28, 2025. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On January 14, 2025, an investor alleged that Joe Henderson recommended an unsuitable variable annuity in 2021. This dispute was denied by the firm.

However, investors should be aware that firms can deny disputes without allowing an external review and they may be able to recover damages by pursuing FINRA arbitration after a denial.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. These profiles contain information about investors’ age, tax status, risk tolerance, and financial goals.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

What are variable annuities?

Variable annuities are complex investments whose value depends on the performance of their underlying securities. Surrender charges, tax penalties, and other fees can make these policies unsuitable for certain investors.

Termination from Equitable Advisors

On December 9, 2024, Equitable Advisors fired Joe Henderson following allegations concerning document integrity violations and the use of a personal email address for firm business.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Forgery, firm policy violations, and other types of misconduct violate FINRA Rule 2010. 

Background Information

Joe Henderson has passed the following exams:

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

He previously worked for Equitable Advisors (CRD#:6627) and The Equitable Life Assurance Society of the United States (CRD#:4039).

Kurta Law Can Help

If you worked with Joe Henderson 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 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.