Randy Saunders Allegedly Misrepresented an Annuity

Randy Saunders (CRD #: 4921335), a broker registered with Synovus Securities, was recently involved in an investor dispute, according to his BrokerCheck record, accessed on October 9, 2020. If you have questions about his conduct as a broker, keep reading.

Investor Dispute

On July 20, 2022, an investor alleged that Randy Saunders and other brokers misrepresented an annuity product the client purchased on May 3, 2022. The client alleged that the annuity was represented as being a short-term investment that would grant him full access to his principal after one year and that he would earn at least 5%. The client sought $60,000 in damages but was denied by the firm.

Investors should be aware, however, that firms don’t need to permit an outside review before denying disputes. Investors may be able to recover their funds after a denial through FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, and otherwise unethical tactics to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential returns, requirements, or limitations.

Background Information

Randy Saunders 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

Randy Saunders is a registered broker and a registered investment adviser in Florida.

He has also worked for the following firms:

• BB&T Securities (CRD#:142785)
• BB&T Investment Services (CRD#:33856)
• Wells Fargo Advisors (CRD#:19616)
• PNC Investments (CRD#:129052)
• BB&T Investment Services (CRD#:33856)
• Wachovia Securities (CRD#:19616)
• Banc One Securities Corporation (CRD#:16999)

Kurta Law Can Help

If you worked with Randy Saunders 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.