Investors apparently complained about securities broker August Anthony Ferretti [CRD: 6781808, Parsippany, New Jersey], according to disclosures on FINRA BrokerCheck. According to the regulator, Ferretti has worked for Bankers Life Securities Inc. since April 21, 2017, and with Bankers Life Advisory Services Inc. since September 25, 2018. Here’s more about the securities broker’s disclosures.
Particularly, on November 1, 2023, a Bankers Life Securities Inc. client filed Civil Action No. ESX-L-6940-23 about August Ferretti. Supposedly, Ferretti misrepresented the terms of an annuity contract and that insurance policies were purchased without authorization. Because of this, the client allegedly sustained damages. However, this civil suit is unresolved.
Specifically, a client of Bankers Life Securities Inc. contested August Ferretti’s sales practices, according to a complaint. Allegedly, Ferretti made an unsuitable recommendation. It appears that Ferretti caused the client to sustain damages on an equity-indexed annuity. Therefore, Bankers Life Securities Inc. opted to settle the matter on March 7, 2022, by compensating the client in the amount of $9,174.
Seeking more information about August Ferretti? If you incurred losses, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a possible recovery. Soreide Law Group has recovered losses for investors throughout the country, works on a contingency fee basis, and advances all costs. Ferretti and brokerage firms Ferretti worked for deny any allegations of sales practice violations.
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