Michael Muersch Allegedly Misrepresented a Variable Annuity

Michael Muersch (CRD #: 5369896), a broker registered with Principal Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on December 18, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Dispute

On July 24, 2025, an investor alleged that Michael Muersch was misinformed on the growth of a variable annuity contract. He allegedly would not have purchased the product if he had known the 5% guarantee was related to the GMWB rider benefit base, rather than actual contract growth.

Investors should be aware, however, that firms can deny disputes without an external review. It’s still possible to recover damages following a denial, and investors may want to pursue FINRA arbitration.

Misrepresentation

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, fees, or limitations.

What is a Variable Annuity? 

Variable annuities are complex investments. They are insurance products that come with an investment component. The associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. Furthermore, the risk associated with this type of illiquid investment makes it unsuitable for many investors.

Background Information

Michael Muersch 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 7 General Securities Representative Examination

He is a registered broker in 32 states and is a registered investment adviser in Illinois and Texas.

Michael Muersch is a registered broker with two firms:

• Principal Securities (CRD #: 1137)
• Park Avenue Securities (CRD #: 46173)

Kurta Law Can Help

If you worked with Michael Muersch 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 that 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.