Terry Mathias Named in Dispute Involving Variable Annuity

Terry Mathias (CRD #: 5612418), a broker registered with NYLIFE Securities, was recently the subject of an investor dispute, according to his BrokerCheck record, accessed on April 28, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On February 28, 2023, an investor alleged that Terry Mathias facilitated the purchase of a variable annuity in September 2022. The client alleged that she did not understand this was an annuity and was instead seeking to invest in traditional stocks and bonds. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an external review. Investors can still pursue FINRA arbitration after a denial and may be able to recover their losses.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other fraudulent tactics to influence the purchase and sale of securities. This includes the misrepresentation or omission of information, such as an investment’s features, risks, or requirements.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

What are Variable Annuities?

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

Background Information

Terry Mathias has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Terry Mathias is a registered broker in six states.

He has also worked for The O.N. Equity Sales Company (CRD#:2936).

Kurta Law Can Help

If you worked with Terry Mathias 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.