Soreide Law Group is investigating possible investor claims on behalf of those who incurred losses through securities broker Steven Christopher Lovell (also known as Steven Lovell) [CRD: 5975704, Dublin, Ohio], Evidently, Steven Lovell worked for Morgan Stanley from September 2, 2022, to the present, and previously for Key Investment Services LLC from June 14, 2012, to September 14, 2022. Continue reading to learn more about Steven Lovell's disclosures, which include investor disputes alleging sales practice violations.
Key Investment Services LLC Investor Accused Lovell Of Misrepresentation
Specifically, a client filed a complaint about Steven Lovell, alleging that the surrender charges on her variable annuity were not disclosed at the time of purchase in 2022. As a result, the client purportedly sustained damages. Consequently, on March 17, 2023, Key Investment Services settled this matter by paying the client $876.90 in damages.
Steven Lovell Disclosed Sales Practice Violations Allegations By Client
Particularly, a client of Key Investment Services contested Steven Lovell’s sales practices, according to a complaint dated February 2, 2021. Allegedly, Lovell misrepresented the recommendation to purchase two fixed indexed annuities in 2017. Therefore, the client sought compensation from Key Investment Services or Lovell. However, the firm denied this complaint.
Key Investment Services Investor Alleged Misrepresentation In Dispute About Lovell
Specifically, on October 2, 2020, a Key Investment Services client filed a complaint about Lovell. Notably, the client alleged that Lovell misrepresented a 2016 recommendation to purchase a variable annuity. Additionally, the client alleged misrepresentation regarding the income rider on both his and his spouse’s annuities. Therefore, the client requested compensation from Key Investment Services or Lovell. However, the firm closed this complaint without a resolution.
Did You Sustain Losses Because Of Securities Broker Steven Lovell?
Did you experience damages because of securities broker / financial advisor Steven Lovell? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Lovell and brokerage firms he worked for deny accusations of sales practice violations.
