Financial Industry Regulatory Authority (FINRA) BrokerCheck shows disclosures about securities broker / financial advisor Myles William Easter [CRD: 6024704, West Des Moines, Iowa]. Evidently, Easter joined Bankers Life Securities Inc. on June 14, 2018, and Bankers Life Advisory Services Inc. on January 9, 2024. Investors have raised concerns regarding Easter's handling of their investments, including allegations of misrepresentation and unsuitable recommendations. Keep reading to learn more about these allegations and the actions taken about Easter.
In FINRA Arbitration No. 21-01192, a client of Bankers Life Securities Inc. filed a claim about Myles Easter on January 28, 2022, alleging that Easter misrepresented facts regarding the sale of annuities. The client claimed these actions led to financial damages. Evidently, the client was awarded $30,000 in compensatory damages.
Further, Easter was involved in a client complaint on November 4, 2020, where the client asked for $12,500 in damages. Allegations included unsuitable investment recommendations for equity-indexed annuities. The client claimed they were advised to purchase a Guaranteed Lifetime Income Annuity (GLIA) without understanding the withdrawal limits. However, the client later withdrew the complaint.
On March 24, 2020, another client made a complaint about Easter, requesting $95,000 in damages. The allegations included unsuitable investment recommendations regarding equity-indexed annuities. The complaint alleged that the variable annuity surrendered by the client to purchase BLC annuities provided more guaranteed income than the new product.
Additionally, Easter has faced other client disputes concerning his conduct. On September 10, 2019, a client’s complaint settled for $17,125 after they accused Easter of misrepresenting the terms of an annuity while he worked for Bankers Life and Casualty Company and Bankers Life Securities Inc.
Contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney for more information. Easter and the firms he worked for deny the accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country. The firm handles cases on a contingency basis.
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