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Jordan Gibson Allegedly Misrepresented a Variable Annuity

Jordan Gibson (CRD #: 6393606), a broker registered with Edward Jones, is facing allegations that she misrepresented a feature of a variable annuity. This is according to her BrokerCheck record, accessed on July 27, 2023. Details are provided below. 

On May 17, 2023, a client’s Power of Attorney alleged that Jordan Gibson misrepresented the death benefit payout on the client’s variable annuity. 

What is a Variable Annuity? 

Variable annuities are complex investments that combine investment and insurance components. Their associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. The risk associated with the investment component makes them unsuitable for many investors. 

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. This includes the omission or misrepresentation of features such as death benefit payouts. 

Background Information 

Jordan Gibson has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

She is a registered broker in 13 states and is a registered investment adviser in Texas and Virginia. 

Jordan Gibson has previously registered with Wells Fargo Clearing Services (CRD #: 19616). 

Kurta Law Can Help

If you worked with Jordan Gibson 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.

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