Victim of Financial Fraud? Call Now
Home » Broker Blog » Kent Gibson Allegedly Misrepresented Variable Life Insurance Policy

Kent Gibson Allegedly Misrepresented Variable Life Insurance Policy

Kent Gibson (CRD #: 2783874), a broker formerly registered with Allstate Financial Services, allegedly misrepresented an insurance policy, according to his BrokerCheck record, accessed on September 2, 2022. If you want to learn more about his conduct as a broker, read on.

Investor Dispute

In a dispute filed on June 22, 2022, an investor alleged that Kent Gibson misrepresented a variable life insurance policy issued on or around May 29, 1998. Kent Gibson allegedly claimed the client’s premiums would never increase. This dispute was denied by the firm.

However, investors should know that firms don’t need to permit an external review before denying a dispute. Investors can still pursue FINRA arbitration after a denial and potentially recover their funds.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulation, deception, and other unethical tactics to influence investors’ decisions. The misrepresentation of an investment’s potential returns, risks, or limitations violates this rule.

Background Information

Kent Gibson has passed the following exams:

  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

In the past, he worked for the following firms:

  • Allstate Financial Services (CRD#:18272)
  • MML Investors Services (CRD#:10409)
  • NYLIFE Securities (CRD#:5167)
  • MetLife Securities (CRD#:14251)
  • Metropolitan Life Insurance Company (CRD#:4095)

Kurta Law Can Help

If you worked with Kent 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. 

 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories