Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on September 17, 2017 indicate that Missouri-based CommunityAmerica Financial Solutions broker/adviser Rance Carlson has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Carlson (CRD# 5110433).
Rance Carlson has spent 11 years in the securities industry and has been registered with CommunityAmerica Financial Solutions in Kansas City, Missouri since 2014. Previous registrations include CUSO Financial Services in Kansas City, Missouri (2007-2014) and Edward Jones in Liberty, Missouri (2006-2007). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); and Series 7 (General Securities Representative Examination). He is a registered broker and investment adviser with 37 US states and territories.
According to his BrokerCheck report, he has received one pending customer complaint.
In February 2017 a customer alleged Rance Carlson, while employed at CommunityAmerica Financial Solutions, did not make him aware of the lack of liquidity of the products he purchased, which included fixed annuities, variable annuities and fixed index annuities. The customer is seeking $840,000 in damages in the pending complaint.
Variable annuities are similar to mutual funds, though they have three primary additional features which mutual funds do not: a tax-deferred treatment of earnings, a death benefit, and payout options that can provide guaranteed income for the rest of the investor’s life. One of the common complaints regarding variable annuity investments is that a broker or investment adviser failed to inform an investor about the various sales charges and fees associated with variable annuities. In particular, many aggrieved investors file complaints with brokers who, they allege, failed to educate them about a variable annuity’s surrender charge. Brokers who fail to properly educate their customers about a product’s surrender charge may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint regarding Rance Carlson, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.