Victim of Financial Fraud? Call Now
Home » Broker Blog » Investor Alleges Laurie Aromando Misrepresented Roth Annuity Fund

Investor Alleges Laurie Aromando Misrepresented Roth Annuity Fund

Laurie Aromando (CRD #: 2705260), a broker registered with MML Investors Services, allegedly misrepresented an investment, according to her BrokerCheck record, accessed on June 16, 2022. Keep reading to learn more about Laurie Aromando’s conduct as a broker.

Investor Dispute

On April 21, 2022, an investor alleged that Laurie Aromando recommended he roll his retirement funds into a Roth annuity fund and that the Roth annuity fund would provide a tax deferral for this rollover.

The investor alleges that he later learned the taxes are not deferred and that the resulting tax liability has created a significant financial burden. 

The client seeks $113,195 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulative, deceptive, and otherwise unethical tactics to influence the purchase and sale of securities. This includes misrepresenting investments or omitting material facts, such as an investment’s risks, fees, or potential returns.

Background Information

Laurie Aromando has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Laurie Aromando is a registered broker in Florida, New Jersey, and South Carolina.

She has registered with the following firms:

  • MSI Financial Services (CRD#:14251)
  • New England Securities (CRD#:615)
  • AXA Advisors (CRD#:6627)
  • EQ Financial Consultants (CRD#:6627)
  • The Equitable Life Assurance Society of the United States (CRD#:4039)

Kurta Law Can Help

If you worked with Laurie Aromando 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