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Investor Alleges Todd Marone Misrepresented Variable Annuities

Todd Marone (CRD #: 2502937), a broker registered with J.P. Morgan Securities, allegedly misrepresented investment products, according to his BrokerCheck record, accessed on August 26, 2022. Read on if you have questions about his conduct as a broker.

Investor Dispute

On July 15, 2022, an investor alleged that Todd Marone made misrepresentations concerning variable annuities from June 15, 2021, through August 4, 2021. The client sought $53,995.91 in damages but was denied by the firm.

Investors should know, however, that firms can deny disputes without allowing an external review. Investors can still seek out FINRA arbitration following a denial and may be able to recover their losses.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deception, manipulation, and other unethical means of influencing the purchase and sale of securities. This includes the misrepresentation of an investment’s potential risks, returns, limitations, and other features.

Background Information

Todd Marone 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
  • Series 24 – General Securities Principal Examination 

Todd Marone is a registered broker in 27 states and a registered investment adviser in Iowa, Michigan, and Texas.

He has also worked for the following firms:

  • PNC Investments (CRD#:129052)
  • NatCity Investments (CRD#:17490)
  • UBS Painewebber (CRD#:8174)
  • Olde Discount Corporation (CRD#:5979)

Kurta Law Can Help

If you worked with Todd Marone 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.