Russell Anderson Allegedly Did Not Disclose Facts Regarding Fees

Russell Anderson (CRD #: 1336279), a broker registered with Pruco Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 13, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On February 5, 2024, an investor alleged that Russell Anderson did not fully disclose all the facts regarding fees and that paperwork was mishandled resulting in a loss of investment revenue that was promised. The investor sought $85,000 but the dispute was denied. Investors should know, however, that firms can deny disputes without any external review. 

Misrepresentation 

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

Background Information 

Russell Anderson has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 65 Uniform Investment Adviser Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker and investment adviser in Florida. He is also a registered broker in Georgia, Illinois, New Jersey, North Carolina, and Utah. 

During his 34 years of experience, Russell Anderson has registered with five firms: 

• Pruco Securities (CRD #: 5685) 
• MML Investors Services (CRD #: 10409) 
• MSI Financial Services (CRD #: 14251) 
• LPL Financial (CRD #: 6413) 
• G.R. Phelps & Co. (CRD #: 173) 

Kurta Law Can Help 

If you have worked with Russell Anderson 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.