Articles Tagged with Mutual of Omaha Investor Services

Ricardo Urrutia (CRD#: 5719923), a former broker with Mutual of Omaha Investor Services, Inc. (CRD#: 611) in Paramus, New Jersey,  has been suspended by the Financial Industry Regulatory Authority (FINRA) after he failed to comply with an arbitration award, according to his BrokerCheck record accessed on April 21, 2020. 

Ricardo Urrutia
On March 31, 2020, FINRA suspended Ricardo Urrutia after he failed to comply with an arbitration award and did not satisfactorily respond to FINRA’s request for information after the self-regulatory organization looked into his compliance. Ricardo Urrutia lost an arbitration with AXA Advisors LLC and AXA Network LLC, his former employers. In the Statement of Claim, AXA Advisors and AXA Network alleged that Ricardo Urrutia breached his promissory note agreement with the firm. The firms are also seeking the return of unearned commissions from Ricardo Urrutia. The arbitration award mandated that Ricardo Urrutia pay the firms $56,746.34 plus interest and attorneys’ fees. A copy of the arbitration award can be viewed here. Ricardo Urrutia’s suspension will begin on March 31, 2020 and continue indefinitely until he pays the arbitration award.

Ricardo Urrutia has passed the Series 65 – Uniform Investment Adviser Law Examination, the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 7 – General Securities Representative Examination, and the Series 6 – Investment Company Products/Variable Contracts Representative Examination. 

Ferris ColemanPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 8, 2018 indicate that former North Carolina-based Mutual of Omaha Investor Services broker/adviser Ferris Coleman was discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Coleman (CRD# 2937732).

Ferris Coleman has spent 13 years in the securities industry and was most recently registered with Mutual of Omaha Investor Services in Winston-Salem, North Carolina (2015-2018). Previous registrations include Horace Mann Investors in Reidsville, North Carolina (2012-2015); Ameriprise Financial Services in High Point, North Carolina (2005-2006); RBC Centura Securities in Kannapolis, North Carolina (2004-2005); Nationwide Securities in Grandview Heights, Ohio (2003-2004); WS Griffith Securities in Hartford, Connecticut (2001-2002); First Union Securities in St. Louis, Missouri (2000); and First Union Brokerage Services in Charlotte, North Carolina (1997-2000). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 29, 2012; Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 25, 2002; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on March 8, 2012. He is currently not registered with any state or firm.

According to his BrokerCheck report, Ferris Coleman was discharged from his former employer in connection to alleged rule violations and has received one customer complaint.

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