Great American Advisors, Inc. (CRD #36451, Cincinnati, Ohio)
was censured and fined $100,000 by FINRA for failure to have adequate supervisory systems in place for the sale of variable annuities.
FINRA's findings stated that because of this, two of Great American Advisors' independent contractor representatives recommended unsuitable variable annuity transactions for Great American Advisors clients. The independent contractors and Great American Advisors earned improper commissions and the clients paid $363,173 in unnecessary surrender fees and incurred longer surrender periods.
FINRA's findings also stated that Great American Advisors did not have an adequate supervisory system in place that ensured procedures were properly implemented. Great American Advisors failed to ensure that the sales of variable annuities by the representatives adhered to their written procedures.
FINRA also noted that Great American Advisors not have a system or Web-based access to a database that allowed it to adequately compare the annuity to be replaced with the other variable annuities.
(FINRA Case #2009019513903)
This summarization of information from FINRA's website under "Disciplinary and Other Actions, July, 2014," ends here.
If you or a loved one have experienced investment losses due to your stock broker or financial advisor’s recommendations of annuities, call Soreide Law Group for a free consultation with an attorney on how to potentially recover your annuity losses: 888-760-6552.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
Phone:
Fax: 1-954-760-6553
Email: [email protected]