Client Of First Allied Securities Files Dispute About Larry Boggs' Annuity Recommendations
Investment loss recovery counsel at Soreide Law Group provides you with new information on securities broker Larry Glenn Boggs (CRD#: 1874727, Atlanta, Georgia). Notably, Boggs discloses information about investor disputes on FINRA BrokerCheck. Evidently, he was a securities broker at First Allied Securities (2011 to 2019) and FSC Securities Corporation (2003 to 2011). So, check out the allegations of unsuitable recommendations, misrepresentation, and negligence. However, keep in mind that the securities broker denies alleged inappropriate sales practices.
First Allied Securities Client Alleges Unsuitable Recommendations Concerning Variable Annuity Through Larry Boggs
Notably, FINRA BrokerCheck shows that a First Allied Securities client objected to Larry Boggs’s sales practices by filing an investment dispute dated September 25, 2019. Evidently, the investor’s causes of action against the securities firm include unsuitable recommendations, breach of contract, and violation of Alabama law. It appears that Boggs or his employer caused damages to the client through their investments in a variable annuity. Evidently, First Allied Securities paid $99,000 in damages to the client per a settlement on September 7, 2021.
Client Receives Arbitration Award After Bringing Claim Against First Allied Securities And Larry Boggs
Particularly, in December 2017, a First Allied Securities client took aim at Larry Boggs’s sales practices as a securities broker. It appears that the securities firm or Boggs caused the client to incur damages on an annuity and other investments for the client’s retirement account. Sales practice violations in this investment dispute purportedly include misrepresentation, negligence, and violation of Tennessee law. Consequently, on January 18, 2019, the client obtained an award of $578,247 in compensatory damages and $500,000 in punitive damages, plus costs and attorneys’ fees.
First Allied Securities Client Alleges Mismanagement
Evidently, a First Allied Securities client decided to lodge a dispute about Larry Boggs’s and the securities firm’s sales practices on June 16, 2015. Supposedly, the client experienced damages stemming from Boggs’s improper sales practices concerning variable annuity and mutual fund products. Namely, the client alleged mismanagement. Also, the client was purportedly led to believe that they could transfer accounts elsewhere without a problem. Evidently, on September 30, 2015, the securities firm denied this client’s claim.
FSC Securities Corporation Client Alleges Unauthorized Trading By Larry Boggs
Specifically, a client of FSC Securities Corporation expressed concerns about Larry Boggs’s sales practices, according to a dispute listed on BrokerCheck dated June 18, 2012. Supposedly, Boggs or the securities firm caused the client to experience $23,303 in damages by investing in a variable annuity. Mainly, the securities broker allegedly engaged in unauthorized trading (reallocation of annuity subaccounts). BrokerCheck shows that on June 7, 2012, the securities firm denied the client’s allegations and demand for compensation.
Did You Sustain Damages By Investing Through Boggs?
Did securities broker Larry Boggs cause you to experience losses? You should touch base with Soreide Law Group at (888) 760-6552 and talk with a skilled securities attorney about a potential recovery of your losses. Soreide Law Group handles investor dispute cases on a contingency fee basis and advances all costs. The firm has recovered meaningful compensation for investors who realized losses from their financial advisors or securities brokers. Please note that Boggs denies the allegations of his improper sales practices.
