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Kelly Straub Allegedly Misrepresented a Variable Annuity

Kelly Straub (CRD #: 1122041), a broker registered with LPL Financial, allegedly misrepresented an investment, according to his BrokerCheck record, accessed on November 20, 2022. Investors may have also engaged his services through Merit Financial Advisors or Sharp Advisors. Keep reading to learn more about her alleged conduct as a broker.

Investor Dispute

On August 15, 2022, an investor alleged that Kelly Straub misrepresented a variable annuity issued on November 8, 2007. This dispute is currently pending. Variable annuities are complex contracts and the policies can lapse or lose money. They are not the best fit for many investors’ needs. 

FINRA Rule 2020

The misrepresentation of information related to investments violates FINRA Rule 2020, which prohibits the use of manipulative, deceptive, and otherwise fraudulent tactics to influence investors’ decisions.

Background Information

Kelly Straub has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

Kelly Straub is a registered broker in 16 states and a registered investment adviser in Louisiana, North Carolina, and Texas.

He has also worked for the following firms:

  • Securities America Advisors (CRD#:110518)
  • Securities America (CRD#:10205)
  • Lincoln Financial Advisors (CRD#:3978)
  • The Lincoln National Life Insurance Company (CRD#:2580)
  • New England Securities (CRD#:615)
  • Investment Management & Research (CRD#:6694)
  • Prudential-Bache Securities (CRD#:7471)
  • Lincoln National Pension Insurance Company (CRD#:10293)

Kurta Law Can Help

If you worked with Kelly Straub 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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