Ameritas Investment Corp. Investment Attorney
The law offices of Gana LLP represents investors that have disputes with their financial advisors or brokerage firms, such as Ameritas Investment Corp. (Ameritas). Many investors do not realize when their financial advisor engages in securities misconduct, but there are steps that can be taken to recover losses. There are many different types of securities related misconduct including breach of fiduciary duty, failure to supervise,false representations, and churning. The attorneys at Gana LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
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
- 9 Regulatory Events
- 1 Customer Complaints
- Number of Offices: 557
- Total Revenues: $127 million - 2012
- Total Client Assets: $15 billion
- Representatives: 1,276
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.
The attorneys of Gana LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.