Soreide Law Group is currently investigating claims involving James Taylor Davis, who is a registered representative of, Northwest Mutual Investment Services, LLC, of Lexington, Kentucky.
James Taylor Davis is the subject of a settled case involving alleged misconduct relating to variable universal life insurance products. In the case, investors sought $25,000 in damages and were paid $25,000 in settlement of the case. Variable universal life insurance products are confusing investments with high commissions that are unsuitable for most investors who need liquidity and do not have long-term insurance needs.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, James Taylor Davis (Taylor Davis CRD#: 6646090) has been in the securities industry for 4 years and has 1 disclosure on his FINRA CRD report. This disclosure is a “Customer Dispute” dated May 10, 2021. The allegations were, “Customers allege that from approximately July 2020 to March 2021, the Representative failed to make clear to them the ramifications of signing the policy deliver acknowledgements for two Variable Universal Life insurance policies and that they were not aware the policies were in force. The customers request a full refund of premiums paid into the policies.” The damage amount requested was $25,000.00 and the settlement amount was $25,000.00.
Davis has only been registered with one firm and has been with this firm since December 13, 2017:
NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC
330 E MAIN ST STE 300
LEXINGTON, KY 40507
If you were sold a variable universal life insurance product from James Taylor Davis, of Northwest Mutual Investment Services, LLC of Lexington, Kentucky, and are unhappy with the products’ performance, call a securities arbitration attorney to discuss your rights. Contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your financial losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.
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