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Investor Alleges Michelle Perry Misrepresented Variable Annuity

Jan 18, 2023 Misrepresentation

Michelle Perry (CRD #: 6106242), a broker registered with Edward Jones, was involved in a recent dispute, according to her BrokerCheck record, accessed on January 10, 2023. Read on if you have questions about her alleged conduct as a broker.

Investor Dispute

On October 12, 2022, an investor alleged that Michelle Perry misrepresented the features of a variable annuity, including the amount it would pay out and its surrender period. The firm denied the dispute.

However, investors should be aware that firms can deny disputes without permitting an outside review. Investors can still seek out FINRA arbitration after a denial and may be able to recover their funds.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise unethical methods to influence the purchase and sale of securities. This includes the misrepresentation or omission of information, such as an investment’s potential risks, limitations, or fees.

What is a variable annuity?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information

Michelle Perry has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Michelle Perry is a registered broker in 15 states and a registered investment adviser in Missouri and Texas.

Kurta Law Can Help

If you worked with Michelle Perry 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.