Did you suffer investment losses with PJ Rob Variable Corporation (CRD# 38339) (SEC# 8-48197)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with PJ Rob Variable Corporation. If you suffered losses investing with PJ Rob Variable Corporation, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
As of October 10, 2020, PJ Rob Variable Corporation’s FINRA BrokerCheck Report contains the following:
Main Office Location
6075 POPLAR AVE
MEMPHIS, TN 38119
6075 POPLAR AVE
MEMPHIS, TN 38119
Business Telephone Number
PJ Rob Variable Corporation’s Direct Owners and Executive Officers
CRUMP LIFE INSURANCE SERVICES, INC., OWNER
CARNEY, ROBERT DONALD (CRD#:6747924), DIRECTOR
COLLINS, HEATHER MARIE (CRD#:5851459), ALTERNATE PRINCIPAL OPERATIONS OFFICER
CORADO, CHRISTIE (CRD#:2396099), ASSISTANT SECRETARY
HARRISON, BRUCE ANDREW (CRD#:2232934), PRESIDENT, CEO AND DIRECTOR
HOWARD, JOHN MICHAEL (CRD#:2192605), CHAIRMAN OF THE BOARD/DIRECTOR
MACKARA, BERNARD ALOYSIUS JR (CRD#:2351115), AML OFFICER
MATLOCK, JENNIFER ACEVEDO (CRD#:5873365), TREASURER, CHIEF FINANCIAL OFFICER, PRINCIPAL FINANCIAL OFFICER, AND DIRECTOR
MERCHANT, JEFFREY S (CRD#:4668892), ASSISTANT TREASURER / PRINCIPAL OPERATIONS OFFICER / FINOP
SCHUYLER, JOHN EDWIN (CRD#:1056044), SECRETARY AND DIRECTOR
STUMP, LINDA KATHLEEN (CRD#:5788376), CHIEF COMPLIANCE OFFICER AND PRIVACY OFFICER
Due Diligence Requirement
FINRA requires broker-dealers to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Broker-Dealers that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
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This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
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