Roger Duffy Involved in a VUL Dispute
Roger Duffy (CRD #: 4638254), an investor registered with Ameriprise Financial Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on July 17, 2024. Keep reading if you have questions regarding his alleged conduct.
Investor Allegations
On June 7, 2024, an investor alleged that Roger Duffy surrendered his without his authorization.
VULs
Variable Universal Life insurance policies (VULs) have two major features: a tax-free death benefit for beneficiaries and the investment of investors’ premiums. Because the value of a VUL policy depends on the performance of these investments, it’s not guaranteed to increase in value over time. Additionally, you’ll lose a VUL’s tax benefits if it lapses.
Unauthorized Trading
Unauthorized trading violates FINRA Rule 3260, which limits brokers to engaging in discretionary trading only in pre-authorized accounts. Both the firm and the client must approve an account before discretionary trading can occur.
Background Information
Roger Duffy has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
He is a registered broker in 11 states and is a registered investment adviser in Ohio.
Roger Duffy has registered with the following firms: Ameriprise Financial Services (CRD #: 6363) and IDS Life Insurance Company (CRD #: 6321).
Kurta Law Can Help
If you have worked with Roger Duffy and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.