Renisha Jackson-Rucker Involved in Variable Annuity Dispute

Renisha Jackson-Rucker (CRD #: 5539713), a broker registered with MML Investors Services, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on January 15, 2025. Details concerning her dispute are provided below. 

Investor Allegations 

On December 4, 2024, an investor alleged that Renisha Jackson-Rucker did not tell her that her variable annuity account would be closed, fully withdrawn, and invested into a fixed annuity on or around December 2, 2024.

The client had allegedly discussed with Renisha Jackson-Rucker that the variable annuity would remain open and she would be guaranteed 10% minimum annual growth. This dispute is currently pending.

On November 15, 2023, an investor alleged that following her retirement, Renisha Jackson-Rucker informed her that she needed to complete paperwork to process her transition from a group 403(b) plan to an individual plan for her annuity.

However, the investor alleged that the paperwork instead resulted in the issuance of a new annuity, against her wishes. 

The dispute was denied, but investors should know that firms can deny disputes without an external review. Investors may be able to recover their losses after a denial by pursuing FINRA arbitration. 

Misrepresentation and Omission

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information 

Renisha Jackson-Rucker has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

She is registered as a broker in Alabama, Florida, Georgia, and Texas. 

Renisha Jackson-Rucker has registered with the following brokerage firms: MML Investors Services (CRD #: 10409) and MSI Financial Services (CRD #: 14251). 

Kurta Law Can Help 

If you have worked with Renisha Jackson-Rucker and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.