Financial Advisor Gerald T. Coyne, Cuso Financial Services in Harrisburg, PA
Are you concerned about investments with Gerald T. Coyne in Harrisburg, PA? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.
According to the Financial Industry Regulatory Authority (FINRA) on December 10, Gerald T. Coyne has reportedly been barred from the securities industry after he allegedly failed to provide testimony in its investigation into “whether Coyne made misrepresentations, omissions, and unsuitable recommendations of variable annuities to customers using their rollover funds from their state retirement accounts.”
According to public records on FINRA’s website, a customer complaint was reportedly filed against Coyne in which “four clients alleges that the former CFS representative misrepresented material features and return potential for variable annuities purchased during years 2013-2017. The attorney and clients are seeking unspecified damages for surrender costs and market losses that would result from the premature surrender of the variable annuities.”
According to his FINRA BrokerCheck report, Coyne was reportedly affiliated with Cuso Financial Services in Harrisburg, PA from 2011 until 2018.
Investigating Potential Lawsuits
The White Law Group is investigating potential lawsuits regarding the liability that Coyne’s employers may have for failure to properly supervise him.
When brokers violate securities laws, such as making misrepresentations, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.
Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
We represent investors in FINRA arbitration claims in all 50 states, including Pennsylvania. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investments with Gerald T. Coyne, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.