Investor Alleges Michael Kuruzovich Misled Them About Annuity

Michael Kuruzovich (CRD #: 1636930), a broker registered with Wells Fargo Clearing Services, was recently the subject of an investor dispute, according to his BrokerCheck record, accessed on January 24, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On November 29, 2022, an investor alleged that Michael Kuruzovich provided misleading information with regard to the recommendation of an annuity from April 29, 2022, to the date of dispute filing. The firm denied the dispute.

However, investors should be aware that firms don’t need to permit an outside review before denying a dispute. Investors may be able to recover their funds by seeking out FINRA arbitration after a denial.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, or other fraudulent tactics to influence the purchase or sale of securities. Misrepresenting or omitting facts related to an investment’s features violates this rule.

Background Information

Michael Kuruzovich 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 31 – Futures Managed Funds Examination
• Series 7 – General Securities Representative Examination

Michael Kuruzovich is a registered broker in 24 states and a registered investment adviser in Florida.

He has also worked for the following firms:

• Prudential Securities (CRD#:7471)
• NationsSecurities (CRD#:32542)
• NationsBanc Securities (CRD#:16361)
• Dean Witter Reynolds (CRD#:7556)

Kurta Law Can Help

If you worked with Michael Kuruzovich 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.