Investors potentially experienced sales practice violations due to securities broker Terrell Todd Bowman (also known as Terrell Bowman) [CRD: 7382551, Falls Church, Virginia], according to publicly available information through FINRA’s BrokerCheck. Evidently, Terrell Bowman worked for Equitable Advisors LLC from June 30, 2021, to August 11, 2023. Keep reading to find out more about the securities broker’s disclosure regarding a settled client dispute related to a variable annuity.
Specifically, a client filed a complaint about Terrell Bowman. The client alleged that Bowman misrepresented surrender penalties for a variable annuity sold in 2022. Because of this, the client allegedly sustained damages on variable annuities. Therefore, on July 31, 2024, Equitable Advisors LLC settled this matter by paying the client $13,907.51 in damages.
When a securities broker or financial advisor misrepresents information about annuities, it means they provide false or misleading details about the product. This can include hiding important facts about fees, surrender charges, risks, or performance expectations. In particular, annuities often come with complex terms and costly penalties for early withdrawal, so failing to disclose these details can lead investors to make poorly informed decisions. Misrepresentation can ultimately cause financial harm, especially to those relying on such investments for retirement income.
Did you experience losses because of Terrell Bowman? Feel free to get in touch with Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney about a potential recovery of investment-related losses. Soreide Law Group is experienced with recovering losses for investors throughout the United States, takes cases on a contingency fee basis, and advances all costs. Bowman and brokerage firms Bowman worked for deny any allegations of sales practice violations.
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