Lawrence Raymond Allegedly Misrepresented a Variable Annuity

Lawrence Raymond (CRD #: 812097), a broker registered with Sentinel Securities, is facing an investor dispute. This disclosure appears on his BrokerCheck record, accessed on July 26, 2023. For more details, keep reading. 

On May 18, 2023, an investor alleged that Lawrence Raymond misrepresented a variable annuity. The dispute was denied, but investors should know that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration.

What is a Variable Annuity? 

Variable annuities are complex investments with investment and insurance components. Their associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. The risk associated with the investment component makes them unsuitable for many investors. 

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 

Lawrence Raymond has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 22TO Direct Participation Programs Representative Examination 
• Series 6TO Investment Company Products/Variable Contracts Representative Examination 
• SIE – Securities General Securities Representative Examination 
• Series 7 General Securities Representative Examination 
• Series 1 Registered Representative Examination 

He is a registered broker and investment adviser in Michigan. 

Lawrence Raymond has registered with the following firms: 

• Sentinel Securities (CRD #: 110942) 
• Sentinel Pension Advisors (CRD #: 109901) 
• ABG Portfolio (CRD #: 111116) 
• Valmark Advisers (CRD #: 108050) 
• Valmark Securities (CRD #: 31243) 
• AXA Advisors (CRD #: 6627) 
• The Equitable Life Assurance Society of the United States (CRD #: 4039) 

Kurta Law Can Help

If you worked with Lawrence Raymond 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.