DID JESSE MORGAN RAINES CAUSE YOU INVESTMENT LOSSES?
Jesse Raines Of Cetera Advisor Networks LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Jesse Raines Of Cetera Advisor Networks LLC
Jesse Raines (CRD #7097971) is currently registered with Cetera Advisor Networks LLC and Cetera Investment Advisers LLC in Plymouth Meeting, Pennsylvania, since August 10, 2023. Raines previously worked with Securian Financial Services, Inc. from May 2019 to August 2023, showcasing his experience in various financial roles over a relatively brief period. He is registered in eight U.S. states and territories and has passed two general industry/product exams and one multi-state securities law exam. His credentials and multi-state registrations reflect his compliance with broad regulatory standards and his capability to serve a diverse client base.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Jesse Raines Customer Complaints and Reviews
Jesse Morgan Raines has two customer disputes on record:
- Settled Dispute (August 2020): Clients alleged they were not informed about surrender charges and tax liabilities when they surrendered an annuity contract. The dispute was settled for $6,758.53, which Raines personally contributed.
- Denied Dispute (July 2020): Clients claimed misrepresentation regarding the suitability of Jackson National variable contracts sold to them in March and April of 2020. This dispute was denied without any action on November 11, 2020.
Allegations Against Jesse Raines
The specific allegations and accusations in the disputes involving Jesse Morgan Raines include:
- Failure to Disclose: In the settled dispute, Raines was accused of failing to adequately disclose financial implications related to surrender charges and tax liabilities on an annuity product.
- Misrepresentation and Suitability Issues: In the denied dispute, Raines faced allegations that he misrepresented the suitability of variable annuity products, suggesting they were unsuitable for the clients’ needs based on their financial situation and objectives. This dispute was resolved with no action taken, indicating either insufficient evidence or resolution in favor of Raines.
Jesse Raines Red Flags & Your Rights As An Investor
Of course, Jesse Raines 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 Jesse Raines at Securian Financial Services on alert to review carefully the activity and performance of their accounts and question whether Jesse Raines has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Advisor Networks LLC and Securian Financial Services Inc. also raises questions about the brokerage firms’ 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 Cetera Advisor Networks LLC Due To Jesse Raines
If you have questions about Cetera Advisor Networks LLC and/or Jesse Raines 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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