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Donald Taylor Allegedly Misrepresented a Variable Annuity

Donald Taylor (CRD #: 2424122), a broker registered with Park Avenue Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 18, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On August 29, 2024, an investor alleged that Donald Taylor misrepresented the death benefit rider on a variable annuity. 

Misrepresentation

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Variable Annuities 

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying securities. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information 

Donald Taylor has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination
  • Series 6 Investment Company Products/ Variable Contracts Representative Examination

During his 30 years of experience, Donald Taylor has registered with three firms: 

  • Park Avenue Securities (CRD #: 46173) 
  • MML Investors Services (CRD #: 10409) 
  • Pruco Securities Corporation (CRD #: 5685) 

Kurta Law Can Help 

If you worked with Donald Taylor and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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