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Investor Alleges Todd Trautmann Misrepresented Life Insurance Contract

Todd Trautmann (CRD #: 3164848), a broker registered with Thrivent Investment Management, allegedly misrepresented a life insurance product, according to his BrokerCheck record, accessed on July 17, 2023. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On June 6, 2023, an investor alleged that Todd Trautmann misrepresented a whole life insurance contract purchased in December 2019 to be an investment product. This dispute was denied by the firm.

Investors should know, however, that firms don’t need to permit an outside review before denying disputes. Investors can still seek out FINRA arbitration after a denial and may be able to recover their losses.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deception, manipulation, and other fraudulent methods to influence investors’ decisions. Misrepresenting an investment’s limitations, fees, risks, or other features violates this rule.

Background Information

Todd Trautmann 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

Todd Trautmann is a registered broker in ten states and a registered investment adviser in Minnesota, Texas, and Wisconsin.

He has also worked for Lutheran Brotherhood Securities Corporation (CRD#:4205).

Kurta Law Can Help

If you worked with Todd Trautmann and you 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 and 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. 

 

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