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Kaye Anderson is the Subject of a VUL Dispute

Aug 3, 2023 Misrepresentation

Kaye Anderson (CRD #: 6703901), a broker registered with Edward Jones, is facing an investor dispute. This is according to her BrokerCheck record, accessed on July 25, 2023. 

On May 21, 2023, an investor alleged that Kaye Anderson misrepresented the Hancock VUL and that the premium was guaranteed to never increase until age 112. This dispute is pending. 

A Variable Universal Life insurance policy (VUL) has two notable features: a tax-free death benefit for beneficiaries and an investment portfolio. Part of each premium payment is invested. Returns depend on the performance of these investments, so the policy is not guaranteed to increase in value. Additionally, VULs are often at risk for lapsing, which can negate their supposed benefits.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential returns, risks, or limitations.

Background Information 

Kaye Anderson 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 five states and is a registered investment adviser in Minnesota. 

She has only ever registered with Edward Jones (CRD #: 250) 

Kurta Law Can Help

If you worked with Kaye Anderson 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.