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William Schweitzer Allegedly Misrepresented a Variable Annuity

William Schweitzer (CRD #: 1549389), a broker registered with Woodbury Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on January 5, 2024. Keep reading if you have questions about his alleged conduct. 

On October 29, 2023, an investor alleged that William Schweitzer misrepresented a variable annuity. The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. Our securities attorneys can still recover losses following a denial via FINRA arbitration

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses and fees. Brokers should always disclose the risks and complexities associated with variable annuities. 

What is a Variable Annuity? 

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 

William Schweitzer has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • 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 

He is a registered broker in 10 states and is a registered investment adviser in Wisconsin. 

During his 37 years of experience, William Schweitzer has registered with three firms: 

  • Woodbury Financial Services (CRD #: 421) 
  • Penn Mutual Equity Services (CRD #: 4031) 
  • Monarch Securities (CRD #: 2809)

Kurta Law Can Help 

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