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Investor Alleges Todd Oldham Misled Her About a Variable Annuity

Todd Oldham (CRD #: 4963425), a broker registered with NYLIFE Securities, allegedly misled a client, according to his BrokerCheck record, accessed on July 17, 2023. Investors may have also engaged his services through Eagle Strategies. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On June 5, 2023, an investor alleged that Todd Oldham misled her during the purchase of a variable annuity in June 2021. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without allowing an external review. Investors can potentially recoup their losses by pursuing FINRA arbitration after a denial.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulative, deceptive, or otherwise fraudulent means of influencing the purchase and sale of securities. This includes the misrepresentation or omission of material facts related to investments.

FINRA Rule 2010

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

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

Todd Oldham has passed the following exams:

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

Todd Oldham is a registered broker in 12 states and the District of Columbia. He is also a registered investment adviser in Illinois and Texas.

He has also worked for Park Avenue Securities (CRD#:46173).

Kurta Law Can Help

If you worked with Todd Oldham 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.