DID ALONTE RASHON WHITE-DAVIS CAUSE YOU INVESTMENT LOSSES?
About Alonte White-Davis Of Bankers Life Securities, Inc.?
Scott Whitmore (CRD #6915132) is registered with Bankers Life Securities, Inc. and Bankers Life Advisory Services, Inc., both located in Grand Rapids, MI. He has been registered with these firms since April 2018 and January 2021, respectively. White-Davis has passed two general industry/product exams and two multi-state securities law exams, reflecting a strong foundation in securities regulations and practices. He is currently registered in three U.S. states and territories. His current role at Bankers Life involves various financial products, indicating his involvement in a diverse array of financial services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Alonte White-Davis Customer Complaints and Reviews
Alonte RaShon White-Davis has one reported customer dispute:
- Customer Dispute (1 incident):
- Date Complaint Received: January 27, 2020
- Allegations: The complaint involved allegations that White-Davis sold a Guaranteed Lifetime Income Annuity that was unsuitable because it constituted 35% of the client’s liquid net worth and restricted liquidity for the first ten years.
- Outcome: The complaint was withdrawn on July 13, 2020, after the firm concluded that the product was suitable based on the client’s financial situation at the time of purchase and that all relevant contract provisions were adequately disclosed to the client.
Allegations Against Alonte White-Davis
- Unsuitability and Misrepresentation Allegations:
- Details: The client alleged that the annuity sold was unsuitable due to the large proportion of her liquid assets and its long liquidity lock period. This type of product requires careful consideration of the client’s financial needs and investment horizon.
- Resolution: The firm reviewed the circumstances of the annuity sale and determined that the sale was appropriate. The complaint was eventually withdrawn, suggesting that the client either accepted the firm’s explanation or decided not to pursue the matter further. No financial restitution or penalties were involved.
Alonte White-Davis Red Flags & Your Rights As An Investor
Of course, Alonte White-Davis did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Alonte White-Davis at Bankers Life Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Alonte White-Davis has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Bankers Life Securities, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Bankers Life Securities, Inc. Due To Alonte White-Davis
If you have questions about Bankers Life Securities, Inc. and/or Alonte White-Davis and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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