DID RAYMOND E HART CAUSE YOU INVESTMENT LOSSES?
Raymond Hart Formerly With USAA Investment Services Company Has 2 Customer Complaints For Alleged Broker Misconduct
About Raymond Hart formerly with USAA Investment Services Company?
Raymond Hart (CRD #6333498) is not currently registered as a broker. He has a background in the securities industry, having been previously registered with USAA Investment Services Company and USAA Financial Advisors, Inc. in Colorado Springs, CO. His registration periods at these firms spanned from June 2014 to August 2020. Raymond has passed three general industry/product exams, including the General Securities Representative Examination (Series 7) twice, and two multi-state securities law exams, including the Uniform Investment Adviser Law Examination (Series 65) and the Uniform Securities Agent State Law Examination (Series 63). Additionally, he holds a Certified Financial Planner designation.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Raymond Hart Customer Complaints and Reviews
Raymond E. Hart has been involved in two customer disputes:
- Customer Dispute (Closed – No Action): In a complaint filed on March 3, 2024, a client alleged misrepresentation regarding a fixed annuity sold by Accelerated Wealth Advisors. The client claimed they were not informed of commissions and that the product was misrepresented as a “sure thing.” This dispute was closed with no action taken as of March 4, 2024.
- Customer Dispute (Pending): Another ongoing dispute involves allegations of high-pressure sales tactics and inadequate disclosure regarding commissions on an annuity sold. The senior citizen client also accuses Hart of violating SEC Regulation SP and Colorado Privacy Law by improperly handling private financial data. This complaint, involving alleged damages of $250,000, was filed on March 25, 2024, and is currently pending.
Allegations Against Raymond Hart
- Misrepresentation of Annuity Products: Accusations include misrepresenting annuities as “zero loss” investments and failing to disclose fees and commissions.
- Violation of Regulatory Standards: Alleged violations include non-compliance with SEC Regulation Best Interest, SEC Regulation SP, and Colorado’s Best Interest and Privacy Laws.
- High-Pressure Sales Tactics and Exploitation: Hart is accused of using high-pressure sales tactics on a senior client with impaired vision and concentration, potentially taking advantage of the client’s debilitated state.
- Unauthorized Possession and Disclosure of Private Data: Allegations also involve unauthorized retention and sharing of private client financial data with a new advisory firm.
Raymond Hart Red Flags & Your Rights As An Investor
Of course, Raymond Hart 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 Raymond Hart at USAA Investment Services Company on alert to review carefully the activity and performance of their accounts and question whether Raymond Hart has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at USAA Investment Services Company 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 USAA Investment Services Company Due To Raymond Hart
If you have questions about USAA Investment Services Company and/or Raymond Hart 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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