R. Lance Belline Terminated by Equitable Advisors
R. Lance Belline (CRD #: 2432737) has been fired by Equitable Advisors. This disclosure appears on his BrokerCheck record, accessed on November 10, 2023. Investors should know that his termination follows six settled investor disputes.
On October 16, 2023, Equitable Advisors terminated R. Lance Belline following allegations that he violated his firm’s policies by settling customer complaints away from the firm. The complaints were regarding advisory fees and alleged unauthorized trading.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Charging unnecessary or excessive fees would violate this rule.
Settled Investor Disputes
Four investor disputes were settled in 2023 following allegations that the clients “expressed concerns with fees associated with their accounts.” The disputes were collectively settled for $153.371.52.
Lance Belline 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
- Series 6 Investment Company Products / Variable Contracts Representative Examination
- Series 26 Investment Company Products/ Variable Contracts Principal Examination
During his 29 years of experience, he has registered with two firms: Equitable Advisors (CRD #: 6627) and The Equitable Life Assurance Society of the United States.
Kurta Law Can Help
If you worked with R. Lance Belline and have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.