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Stephen Whatley Subject of Variable Annuity Dispute

Sep 2, 2022 Variable Annuities

Stephen Whatley (CRD #: 2442537), a broker registered with Stephens, was involved in a recent investor dispute, according to his BrokerCheck record, accessed on August 7, 2022. If you have questions about his conduct as a broker, keep reading.

Investor Dispute

On May 18, 2022, an investor named Stephen Whatley in a dispute involving a variable annuity purchased in 2006. Variable annuities are complex 

This dispute was denied by the firm.

Investors should know, however, that firms don’t need to allow an outside review before denying disputes. Investors can still seek out FINRA arbitration after a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consider whether an investment suits their investor’s financial goals. Brokers must take into account an investor’s age, tax status, risk tolerance, and other information described in their profile.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

FINRA Rule 2010

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

Background Information

Stephen Whatley 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

Stephen Whatley is a registered broker in 39 states and a registered investment adviser in Arkansas and Texas.

He has also worked for A. G. Edwards & Sons (CRD#:4).

Kurta Law Can Help

If you worked with Stephen Whatley 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.