Summer Diaz is Involved in a Variable Annuity Dispute

Summer Diaz (CRD #: 4335467), a broker registered with Ameriprise Financial Services, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on February 2, 2024. Investors who have concerns should keep reading. 

On October 18, 2023, an investor alleged that Summer Diaz misrepresented the provisions of a variable annuity. 

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. 

What is a Variable Annuity? 

Variable annuities are complex investments. They are insurance products that come with an investment component. The associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. Furthermore, the risk associated with this type of illiquid investment makes it unsuitable for many investors. 

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 violates this rule.

Background Information 

Summer Diaz has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination

She is a registered broker in 12 states and is a registered investment adviser in Florida and Texas. 

Besides Ameriprise Financial Services (CRD #: 6363), she has also registered with IDS Life Insurance Company (CRD #: 6321). 

Kurta Law Can Help 

If you have worked with Summer Diaz and you 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.