Articles Tagged with Winston Turner

FINRA initiates investigation into Sarasota broker after multiple customer complaints

Winston Wade Turner, a broker who was most recently registered with Pruco Securities in Sarasota, Florida, is being investigated after FINRA filed a complaint against Turner in regard to numerous customer disputes, including attempting to defraud customers by convincing them to exchange their existing variable annuities and other securities while hiding these exchanges from his firm. His actions caused his clients to incur excessive surrender charges and five of his clients lost approximately $151,000.

According to FINRA, Turner falsified information in relation to the variable annuity transactions and he evaded his firm’s supervisory review process by lying to them about the source of funds in variable annuity purchases. He is also accused of deceptive conduct because he used his personal email addresses as the email address of his customers so that he would receive account notifications instead of his customers. Additionally, he submitted documents bearing forged customer signatures.