Princor Financial Services Investment Attorney
The investment lawyers of Gana LLP represent individuals and institutional securities claims against their brokerage firms, such as Princor Financial Services Corp. (Princor). Securities related misconduct covers a many different possible issues that can occur in the securities industry that violate various industry standards and include various types of securities frauds and manipulations, unsuitable and inappropriate investment advice, and failure to properly review new investment products. Our lawyers can analyze your account statements to uncover evidence of firm misconduct in the handling of your accounts.
Principal Financial Group is a global financial services company located in Des Moines, Iowa and is the holding company for Princor. Principal Financial Group provides a range of financial services including retirement planning, insurance, and investment and banking products in 18 countries. As of 2012, Principal Financial Group served 17.3 million customers worldwide.
Princor is affiliated with, under common control, or otherwise performs business under the company names BLC Equity Services Corporation, and Principal Financial Services Corporation.Princor – By the Numbers:
- CRD# 1137
- SEC# 8-13875
- 2 Regulatory Events
- 2 Customer Complaints
- Revenue: $242 million – 2012
- Assets Under Management: $6 billion
- Total Client Accounts: 74,782 - 2012
- Representatives: 2,283 - 2012
FINRA v. Timothy William Stephens, AWC No. 2013036091101 - The Financial Industry Regulatory Authority (FINRA) barred broker Timothy William Stephens concerning allegations that the broker was involved in $8 million in improper Equity Indexed Annuities (EIA) sales. Stephens entered the industry in 1987 with Princor Financial Services Corporation, where he remained until February 2013. FINRA alleged that between July 2006 and November 2012, Stephens sold about $8.2 million worth of EIAs and that these sales constituted outside business activity (OBA). According to FINRA, Princor’s written procedures required its representatives to disclose OBA and obtain the firm’s permission prior to selling securities and that Stephens allegedly failed to comply with those requirements.
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