Silver Law Group is investigating former Montana-based Western International Securities, Inc. (CRD# 39262) broker Jed E. Tinder (CRD# 1013144) over allegations of unsuitability, recklessness and negligence.
According to Tinder’s FINRA BrokerCheck report, Tinder currently has three (3) pending FINRA arbitration complaints. The first, filed in September 2015, alleges unsuitable recommendations and damages in the amount of $1.2 million. The second, filed in July 2016, alleges unsuitability and damages in the amount of $187,000. The third, filed in August 2016, alleges recklessness, negligence and damages in the amount of over $181,000.
In 2006, though denied, a customer filed a complaint involving variable annuities and equity-indexed annuities.
According to Tinder’s detailed CRD report, Tinder is also a life insurance agent for Lee Whitaker Insurance Agency, though the duration of that position is not clear. Additionally, the report states that Tinder was also registered with Western International’s incline Village, Nevada location.
Variable annuities (“VAs”) are highly-complex financial products. According to FINRA, a good way to think of a VA is as a cross between an insurance product and an investment product.
Like other annuities, a VA is a contract between the investor and an insurance company. The investor pays the insurer a single payment or a series of payments called premiums. In exchange for those premiums, the insurer promises to make periodic payments to you either immediately or at some point in the future.
Variable annuities are often sold to elderly individuals. Just like other financial products, insurance agents and stockbrokers are required to make sure that whatever they recommend is suitable for that individual.
Our attorneys are experienced handling cases involving variable annuities and have recovered thousands of dollars on behalf of aggrieved investors through FINRA arbitration. Our firm also is dedicated to pursuing claims on behalf of aggrieved elderly investors and has an entire site devoted to the issue.
FINRA arbitration is a fast, efficient way to recover your lost investment funds due to misconduct involving variable annuities. We work on a contingency fee basis, meaning you pay us nothing unless we win and recover money for you.
If you have invested with Jed E. Tinder and Western International Securities and/or Lee Whitaker Insurance Agency and have lost money doing so, you may be able to recover some or all of your losses. Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.