Customer Accuses BB&T Of Unsuitable Annuity Purchase
Matthew Aaron Turner, of Ponte Vedra Beach, Florida, a stockbroker currently employed with BB&T Securities, LLC, is the subject of a customer initiated investment related written complaint, which settled on December 27, 2017 for $14,999.00 in damages supported by allegations that Turner made unsuitable investment recommendations to the customer concerning a variable annuity, causing the customer to receive a sub-standard annuity payout.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Turner has been referenced in two additional customer initiated investment related disputes pertaining to accusations of Turner’s misconduct during the time that he was employed with BB&T Securities, LLC and Wells Fargo Advisors. Specifically, on August 15, 2008, a customer initiated investment related written complaint involving Turner’s conduct was settled for $400,000.00 in damages founded on allegations of poorly performing auction rate securities.
Then, a customer initiated investment related civil action in reference to Turner’s conduct was brought in the Circuit Court of St. Johns County, Florida, which was settled for $95,000.00 in damages based upon accusations that Turner made misrepresentations to the customer concerning a variable annuity investment. Civil Action No. CA13-0770 (Sept. 18, 2013).
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