Investors possibly experienced losses because of securities broker Brian Lee Freeman [CRD: 1379227, Newport Beach, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Brian Freeman worked for Securian Financial Services Inc. from June 23, 1988, to August 10, 2023. Here’s an overview of Brian Freeman’s disclosures.
Particularly, on November 8, 2023, a Securian Financial Services Inc. client filed a complaint about Brian Freeman. Mainly, the client alleged that Freeman had the client deposit borrowed funds obtained through mortgage refinancing into an existing variable life insurance policy to extend the life of the policy. As a result of allegedly unsuitable recommendations, the client requested compensation from Securian Financial Services Inc. or Freeman.
Specifically, a client of Securian Financial Services contested Freeman’s sales practices by filing Civil Action No. 00510312. Supposedly, the insurance company denied a life insurance claim for the death benefit after the policy lapsed. For this reason, Securian Financial Services opted to settle the matter on March 28, 2012, by compensating the client in the amount of $575,000.
Have you experienced losses due to financial advisor / securities broker Brian Freeman? You could contact Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney regarding a potential recovery. Soreide Law Group investment loss lawyers help individuals throughout the United States, work on a contingency fee basis, and advance all costs. Freeman and brokerage firms Freeman worked for deny accusations of sales practice violations.
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