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Robert Arensberg Facing a Variable Annuity Dispute

Robert Arensberg (CRD #: 4199039), a broker registered with NYLife Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 10, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 16, 2024, an investor alleged that Robert Arensberg misled her when she purchased a variable annuity and that she was not aware that it transferred to another variable annuity. The investor is seeking the return of all surrender charges. 

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.

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 

Robert Arensberg has passed the following exams: 

  • 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 26 Investment Company Products/Variable Contracts Principal Examination 

He is a registered broker in five states and is a registered investment adviser in California. 

Robert Arensberg has registered with three firms: 

  • NYLife Securities (CRD #: 5167) 
  • Eagle Strategies (CRD #: 110826) 
  • LifeUSA Securities (CRD #: 40875) 

Kurta Law Can Help 

If you worked with Robert Arensberg and you 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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