Securities Lawyers Blog
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.
