DID KAREN MARIE EMMA CAUSE YOU INVESTMENT LOSSES?
Karen Emma Of Osaic Wealth, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct
About Karen Emma of Osaic Wealth, Inc.?
Karen Emma (CRD #4051573) has an extensive background in the financial services industry, being registered with Osaic Wealth, Inc. since January 2007. Prior to her current registration, she was affiliated with Citigroup Global Markets Inc. from December 1999 to January 2007. Emma is licensed in 22 U.S. states and territories and has passed three general industry/product exams (Series 7, Series 31, Series SIE) along with two multi-state securities law exams (Series 63, Series 65). Her long-standing career and broad licensure across numerous states underline her seasoned experience in the securities industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Karen Emma Customer Complaints and Reviews
Karen Marie Emma’s report lists three customer disputes:
- Settled Dispute:
- Allegations: Misrepresentation of a variable annuity sold in 2007, resulting in the client not receiving the fixed income feature they expected.
- Date Complaint Received: October 15, 2010
- Settlement Amount: $36,441.25, fully covered by the employer without contribution from Emma.
- Denied Dispute:
- Allegations: Failure to follow instructions for opening a new account, resulting in a tax penalty for the client.
- Date Complaint Received: April 4, 2024
- Outcome: The complaint was denied after review, with no wrongdoing found on Emma’s part.
- Denied Dispute:
- Allegations: Misrepresentation concerning the percentage of advisory fees charged.
- Date Complaint Received: April 12, 2016
- Outcome: The allegations were denied as the fees had been disclosed verbally and in signed agreements.
Allegations Against Karen Emma
- Settled Dispute Allegations:
- Emma was accused of misrepresenting the terms of a variable annuity, leading to a lack of the expected fixed income feature.
- Denied Dispute Allegations:
- Alleged failure to properly set up an account as instructed, leading to a tax penalty.
- Alleged misrepresentation of advisory fees charged on customer accounts.
Karen Emma Red Flags & Your Rights As An Investor
Of course, Karen Emma 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 Karen Emma at Osaic Wealth, Inc on alert to review carefully the activity and performance of their accounts and question whether Karen Emma has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Osaic Wealth, 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 Osaic Wealth, Inc. Due To Karen Emma
If you have questions about Osaic Wealth, Inc. and/or Karen Emma 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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