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Todd Seesman is the Allegedly Misrepresented a Variable Annuity

Todd Seesman (CRD #: 5473414), a broker registered with Allstate Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 22, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 29, 2024, an investor alleged that Todd Seesman misrepresented a variable annuity. He allegedly omitted information about dividends that are not included in the pricing/performance of the subaccount of the investment. 

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.

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.

Background Information 

Todd Seesman has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 
  • Series 26 Investment Company Products / Variable Contracts Principal Examination 

He is a registered broker in five states: Arizona, Florida, Maine, Massachusetts, and New Hampshire. 

During his 15 years of experience, Todd Seesman has registered with the following firms: 

  • Allstate Financial Services (CRD #: 18272) 
  • Park Avenue Securities (CRD #: 46173) 
  • MetLife Securities (CRD #: 14251) 

Kurta Law Can Help 

If you have worked with Todd Seesman and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.

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