Ameritas Securities Disputes
The securities attorneys and investment attorneys at Weltz Law represent customers in their disputes with brokerage firms, such as Ameritas Investment Corp. (Ameritas). Many investors do not realize when their financial advisor engages in securities or investment broker misconduct, but there are steps that can be taken to recover losses. Our securities attorneys and investment attorneys can analyze your accounts and investments in order to determine if there was any wrongdoing in the handling of your accounts, which resulted in stock market losses. There are many different types of securities related misconduct including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. Our analysis can reveal whether an investor has been a victim of misconduct including unsuitable investments, unauthorized trading, excessive trading, financial elder abuse or fraud. Ameritas Investment Corp. is a privately owned broker-dealer with over 40,000 customer accounts from our three primary lines of business - brokerage, investment advisory, and municipal finance. The firm offers a wide range of products including mutual funds, stocks, 529 plans, variable insurance products, asset management programs, unit investment trusts, individual securities, retirement plans, alternative investments and an array of fixed income securities. Ameritas is affiliated with, under common control, or otherwise performs business under the company names Ameritas Life Insurance Co., BLN Investment Corp., Sower Securities Corp., Ameritas Investment Partners, Inc., Ameritas Investment Advisors Inc., and Summit Investment Advisors, Inc.
Ameritas – By the Numbers
- CRD# 14869
- SEC# 8-31296
- 17 Regulatory Events
- 1 Customer Complaints
- Number of Advisors: 500+
- Total Revenues: $2.4 Billion - 2018
- Total Assets Under Management: $5 Billion +
Ameritas – In the News
FINRA v. Ameritas Investment Corp – The Financial Industry Regulatory Authority (FINRA) fined Ameritas Investment Corp., $100,000 and has suspended and fined one of its brokers over allegations that the broker induced customers to take on additional mortgage and/or home equity debt in order to purchase variable universal life insurance policies (VULs). FINRA alleged that Ameritas failed to adequately supervise the broker, who was based in New Jersey, for advertising violations related to her financial plans. FINRA found that the financial plans were misleading and that the recommendations to customers to purchase VUL policies were unsuitable. FINRA found that the broker used the misleading financial plans with more than 220 customers whom she recruited through her separate college-planning business.
Retain an Experienced Securities Lawyer and Investment Lawyer
If you sustained losses because of Accelerated Capital and by your broker, it is crucial to engage an experienced securities attorneys and investment attorneys to represent you in your pursuit of the damages cause by Accelerated Capital. Weltz Law is a New York based law firm that regularly represents individuals and businesses in FINRA and AAA arbitration proceedings and litigation in state and federal courts in New York and throughout the country.
You can contact us through the online form or at (877) 905-7671 to set up a consultation regarding your case and to find out how the FINRA process works.