Donna Sudyn Allegedly Misrepresented a Variable Annuity

Donna Sudyn (CRD #: 1777480), a broker registered with Osaic Wealth, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on August 13, 2024. Keep reading if you have questions concerning her alleged conduct. 

Investor Allegations 

On July 8, 2024, an investor alleged that Donna Sudyn misrepresented a variable annuity. 

The dispute was denied, but investors should know that firms can deny disputes without any external review. Investors can still recover following a denial. 

What is a Variable Annuity? 

Variable annuities are complex investments. They are insurance products that come with an investment component. The associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. Furthermore, the risk associated with this type of illiquid investment makes it unsuitable for many investors.

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.

Background Information 

Donna Sudyn has passed the following exams: 

• Series 66 Uniform Combined State 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 
• Series 24 General Securities Representative Examination 

She is a registered broker in nine states and is a registered investment adviser in New York. 

During her 36 years of experience, Donna Sudyn has registered with nine firms. These are the five most recent:

• Osaic Wealth (CRD #: 23131) 
• Securities America Advisors (CRD #: 110518) 
• Securities America (CRD #: 10205) 
• Key Investment Securities (CRD #: 136300) 
• CCO Investment Services Corp. (CRD #: 39550) 

Kurta Law Can Help 

If you worked with Donna Sudyn 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.