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Kevin Lingenfelser Involved in Variable Annuity Dispute

Kevin Lingenfelser (CRD #:5195286), a registered broker and investment advisor with Commonwealth Financial Network, is involved in a variable annuity dispute, according to his BrokerCheck record, accessed on November 24, 2021. 

Investor Allegations 

On August 19, 2021, an investor dispute was filed against Kevin Lingenfelser, alleging that he failed to process forms while changing the beneficiary on a variable annuity. The damage amount requested is 200,000; The case is still pending.  

It is the duty of a broker to perform a customer’s orders promptly in a manner best suited to serve the customer’s best interest. Failure to follow customer instructions, both as directed and in a timely manner, violates FINRA Rule 2010, which requires all registered members to observe high standards of commercial honor and just principles in their business dealings. 

When a broker fails to follow your instruction or execute your order promptly, you may be able to recover your investment losses through FINRA arbitration. 

Variable annuities are complex investments. Due to their complexity, they may not be suitable for every investor.  

Background Information 

Kevin Lingenfelser has passed the following exams: 

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

Kevin Lingenfelser is a registered broker in 6 states. He is also a registered investment advisor in Pennsylvania. 

Besides Commonwealth Financial Network, Kevin Lingenfelser has also worked with the following firms: 

  • Raymond James Financial Services Advisors (CRD#:149018) 
  • Raymond James Financial Services (CRD#:6694) 

Kurta Law Can Help 

If you have worked with Kevin Lingenfelser and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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.