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Investor Alleges Warren Stansberry Misrepresented Variable Annuity

Warren Stansberry (CRD #: 5459996), a broker registered with J.P. Morgan Securities, allegedly misrepresented an investment, according to his BrokerCheck record, accessed on March 7, 2025. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On January 2, 2025, an investor filed a dispute alleging that Warren Stansberry misrepresented a variable annuity on November 7, 2018. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an external review. You may be able to recover damages following a denial by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, fees, and limitations.

What are variable annuities?

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

Background Information

Warren Stansberry has passed the following exams:

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

Warren Stansberry is a registered broker in 32 states as well as the District of Columbia and Puerto Rico. He is also a registered investment adviser in Texas.

He has also worked for the following firms:

  • Chase Investment Services (CRD#:25574)
  • Quest Capital Strategies (CRD#:16783)
  • UBS Financial Services (CRD#:8174)

Kurta Law Can Help

If you worked with Warren Stansberry 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 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. 

 

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