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Investor Alleges Kathy Moritz Omitted Information About Fixed Annuity

Sep 26, 2022 Misrepresentation

Kathy Moritz (CRD #: 4517320), a broker registered with NYLIFE Securities, is the subject of a pending investor dispute, according to her BrokerCheck record, accessed on September 10, 2022. Investors may have also worked with her through Eagle Strategies. Read on to learn more about her conduct as a broker.

Investor Dispute

On June 2, 2022, an investor alleged that Kathy Moritz rolled over her funds from a 403(b) Plan into a qualified fixed annuity in April 2021 after advising the client that her funds would be rolled into a traditional IRA.

The client further alleges that Kathy Moritz failed to inform her that she would not be able to allocate her funds as desired in the fixed annuity and that her policy had liquidity limitations and could not be surrendered.

The client seeks $62,617.98 in damages in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other unethical methods of influencing the purchase and sale of securities. This includes the omission of material facts relating to investments, such as their requirements, limitations, or potential risks.

Background Information

Kathy Moritz has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination
  • Series 24 – General Securities Principal Examination

Kathy Moritz is a registered broker in Maryland, Virginia, and the District of Columbia. She is also a registered investment adviser in Michigan and Virginia.

Kurta Law Can Help

If you worked with Kathy Moritz 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.