Investors File Disputes About Rett Ellis

Soreide Law Group is investigating possible investor claims against securities broker Rett Ellis (also known as Everett Bryant Ellis) [CRD: 4046494, Gulf Breeze, FL]. Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck disclosed that investors complained about the securities broker, who worked for BBVA Securities Inc. Here is a brief summary of the disclosures about Rett Ellis.

BBVA Securities Inc. Investor Accused Ellis Of Sales Practice Violation

Evidently, on October 25, 2022, a BBVA Securities Inc. client filed a complaint about Rett Ellis. Namely, the client indicated that Ellis told the client that they could not sustain losses through a variable annuity investment. Supposedly, the client sustained damages on variable annuities. Therefore, the client requested $5,000 in compensation from BBVA Securities Inc. or Rett Ellis. Evidently, this matter is ongoing.

BBVA Securities Inc. Investor Accused Rett Ellis Of Unsuitable Advice

Also, a BBVA Securities Inc. client filed a complaint about Rett Ellis. Namely, the client alleged that Rett Ellis made unsuitable investment recommendations. Because of this, the client allegedly sustained damages on variable annuities. Therefore, on September 2, 2022, BBVA Securities Inc. settled this matter by paying the client $50,000 in damages. However, the firm and Ellis admit no liability in this settlement.

Ellis Disclosed Unsuitable Recommendations Allegations By BBVA Compass Investment Solutions Inc. Client

Additionally, a client of BBVA Compass Investment Solutions Inc. contested Ellis’ sales practices, according to a complaint dated October 22, 2013. Allegedly, Ellis made unsuitable investment recommendations. Supposedly, Ellis caused the client to sustain damages on variable annuities. Therefore, the client asked for compensatory relief from BBVA Compass Investment Solutions Inc. or Ellis in the amount of $9,092.34 in this dispute, which the firm and broker denied.

Compass Brokerage Inc. Investor Accused Rett Ellis Of Unsuitable Advice

Also, a Compass Brokerage Inc. client filed a complaint about Ellis. Namely, the client alleged that Ellis made unsuitable investment recommendations. Because of this, the client allegedly sustained damages on mutual funds. Therefore, on October 20, 2010, Compass Brokerage Inc. settled this matter by paying the client $9,334.85 in damages.

Ellis Discharged For Hindering

Evidently, SunTrust Investment Services Inc. disaffiliated with Ellis on September 19, 2005. Allegedly, Ellis hindered an investigation relating to the authenticity of signatures on annuity applications.

Ellis Employment Information

• Ellis worked for BBVA Securities Inc. in Gulf Breeze, FL, as a securities broker from May of 2013 to August of 2021.
• Ellis has worked for Ameriprise Financial Services LLC in Gulf Breeze, FL, as a securities broker since September 13, 2021.

Damages Resulting From BBVA Securities Inc. Securities Broker Rett Ellis?

Did you incur damages through investing with Ellis? Reach out to Soreide Law Group at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered funds for many investors in the United States, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Ellis and brokerage firms Ellis worked for deny any and all allegations of sales practice violations.