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Ronald Hicks Allegedly Misrepresented Variable Annuities

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
August 6, 2025 at 6:18pm

Ronald Hicks (CRD #: 716765) is the subject of his ninth investor dispute. This is according to his BrokerCheck record, accessed on August 6, 2025. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On April 7, 2025, an investor alleged that Ronald Hicks made misrepresentations in connection with variable annuities. The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. Investors can still recover losses following a denial. 

There is a similar dispute from 2017. 

Variable Annuities 

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

Misrepresentation 

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

Background Information 

Ronald Hicks has passed the following exams: 

  • Series 22TO Direct Participation Programs Representative Examination 
  • Series 6TO Investment Company Products/Variable Contracts Representative Examination 
  • SIE Securities Industry Essentials Examination 
  • Series 1 Registered Representative Examination 

He has registered with Equitable Advisors (CRD #: 6627) and The Equitable Life Assurance Society of the United States (CRD #: 4039).

Kurta Law Can Help

If you worked with Ronald Hicks and 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 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. 

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