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Michael West Allegedly Misrepresented Annuities

May 27, 2022 Misrepresentation

Michael West (CRD #: 2322117), a broker registered with Ameriprise Financial Services, was involved in a recent investor dispute, according to his BrokerCheck record, accessed on May 19, 2022. If you have questions about Michael West’s conduct as a broker, read on.

Alleged Misrepresentation of Annuities

On February 28, 2022, an investor alleged that Michael West misrepresented annuities. The client sought $94,450 in damages but the dispute was denied by the firm.

However, investors should be aware that firms can deny disputes without any kind of outside review. Investors looking to recover their losses can still pursue FINRA arbitration after a denial.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other unethical means of influencing the purchase or sale of securities. Misrepresentation of an investment’s risks, costs, or potential returns, as well as the omission of material information related to investments, violates this rule.

Background Information

Michael West has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • Series 65 - Uniform Investment Adviser Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 3 - National Commodity Futures Examination
  • Series 7 - General Securities Representative Examination

Michael West is a registered broker in 27 states and the District of Columbia. He is also a registered investment adviser in South Carolina and Texas.

In the past, he has also worked for the following firms:

  • Raymond James & Associates (CRD#:705)
  • UBS Financial Services (CRD#:8174)
  • J.C. Bradford & Company (CRD#:1287)
  • Smith Barney (CRD#:7059)

Kurta Law Can Help

If you worked with Michael West 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.