Raymond Samuels Allegedly Failed to Follow Instructions

Raymond Samuels (CRD #: 6068979), a broker registered with Fidelity Brokerage Services, is the subject of an investor dispute, according to his BrokerCheck record, accessed on August 28, 2023. 

On June 8, 2023, an investor alleged that Raymond Samuels failed to follow his instructions by not paying the premiums on his variable life insurance product. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to follow instructions may violate this rule. 

What is a Variable Life Insurance Policy? 

A Variable Universal Life insurance policy (VUL) has two notable features: a tax-free death benefit for beneficiaries and an investment portfolio. Part of each premium payment is invested—but returns depend on the performance of these investments, so the policy is not guaranteed to increase in value. Additionally, VULs are often at risk for lapsing, which negates their tax benefits.

Background Information 

Raymond Samuels 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 

He is registered as a broker in Florida, New Jersey, New York, Pennsylvania, and Texas. He is a registered investment adviser in New Jersey and Texas. 

Raymond Samuels has registered with the following firms: 

• Fidelity Brokerage Services (CRD #: 7784) 
• Fidelity Personal and Workplace Advisors (CRD #: 288590) 
• UBS Financial Services (CRD #: 8174) 
• Morgan Stanley (CRD #: 149777) 
• Olympia Asset Management (CRD #: 126331) 

Kurta Law Can Help

If you worked with Raymond Samuels and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.