Bankers Life Securities

There are Recent Customer Complaints with Broker Lance Williamson in Firm Bankers Life Securities, Inc.

March 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lance Williamson (Williamson), previously associated with Bankers Life Securities, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Williamson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $46,419.31 on September 17, 2024.

Bankers Life and Casualty Company (BLC), an affiliate insurance company of Bankers Life Securities, Inc. (BLS) received an affidavit of forgery from a client and provided a copy to BLS on September 17, 2024. The client alleged that their signature on a BLC annuity application from April 2023 was forged. This allegation followed a prior complaint submitted by the same client which alleged misrepresentation regarding the same BLC annuity transaction, and was denied by BLC. BLC was unable to make any conclusive determination as to whether the client’s signatures were forged, however, due to the client’s submission of an affidavit of forgery, BLC allowed the client to surrender the annuity penalty free. The firm is reporting this complaint as it involves a forgery allegation against a former financial representative of the firm, and the BLC annuity was funded by a recommendation to liquidate securities made by a former financial representative of the firm.

Broker Joanna Morgan in Bankers Life Securities, Inc. Firm Has Customer Complaint

February 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joanna Morgan (Morgan), previously associated with Bankers Life Securities, Inc., has at least one disclosable event. These events include one tax lien, alleging that Morgan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on June 06, 2023.

Without admitting or denying the findings, Morgan consented to the sanction and to the entry of findings that she refused to provide information and documents requested by FINRA in connection with its investigation into the circumstances giving rise to a Form U5 filed by her member firm. The findings stated that the firm filed the Form U5 stating that it had discharged Morgan for altering health-related information on an insurance application.

Broker Gunnar Gavin in Bankers Life Securities, Inc. Firm Has Customer Complaint

February 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gunnar Gavin (Gavin), currently associated with Bankers Life Securities, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Gavin recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $45,000.00 on September 18, 2023.

In a written complaint received on September 18, 2023 , addressed to Bankers Life and Casualty Company (BLC), an affiliated insurance company, client alleged that the agent forged his wife’s signature on a document and feels this is a fraudulent action. While the annuity in question was not funded by securities, there was an allegation of forgery made against the financial representative who sold the annuity to the client. Bankers Life Securities, Inc. (BLS) reviewed the allegation by pulling all the documents signed by the client and comparing the signatures to the complaint letter. The firm found the signature on the documents that were signed through E-App and the signature on the complaint letter appeared to be signed by the same person and did not find merit to the allegation of forgery.