Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 24, 2017 indicate that former Alabama-based Pruco Securities broker Terry Bagwell has been the subject of numerous resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Bagwell (CRD# 2298887).
Terry Bagwell has spent 21 years in the securities industry and was most recently registered with Pruco Securities in Birmingham, Alabama (2011-2015). Previous registrations include Metlife Securities in Birmingham, Alabama; Metropolitan Life Insurance Company in Birmingham, Alabama; AXA Advisors in New York, New York; and the Equitable Life Assurance Society of the United States in New York, New York. He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); Series 26 (Investment Company Products/Variable Contracts Principal Examination); Series 6 (Investment Company Products/Variable Contracts Representative Examination); and Series 24 (General Securities Principal Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one FINRA sanction, one pending complaint by the Alabama Securities Commission, eleven customer complaints, and four pending customer complaints.
In December 2016 a customer alleged Terry Bagwell, while employed at MSI Financial Services, “failed to take steps to supervise another previous advisor involved in the misappropriation of funds that would go on to become a Ponzi scheme.” The customer is seeking unspecified damages in the pending complaint.
In December 2016 another customer alleged Terry Bagwell, while employed at MSI Financial Services, did not supervise another adviser who sold unregistered securities through a Ponzi scheme. The customer is seeking unspecified damages in the pending complaint.
In February 2016 a customer alleged Terry Bagwell, while employed at Pruco Securities, misrepresented the terms of a life insurance policy. The customer is seeking unspecified damages in the pending complaint.
In 2015 a customer alleged he, while employed at Pruco Securities, sold unregistered securities and participated in a Ponzi scheme. The complaint settled in March 2016 for $27,000.
In 2015 FINRA sanctioned him following allegations he participated in private securities transactions “by purchasing $35,000 in securities from a registered representative, through accounts held away from the firm, without prior written notice to the firm or receiving permission to do so.” He was issued fines and other penalties exceeding $25,000, suspended from acting in any capacity in the securities industry for 30 days, and was permanently barred from operating in all principal capacities.
If you or someone you know has lost money investing with Terry Bagwell, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.