National investment loss lawyers KlaymanToskes is investigating broker Michelle Neuhalfen of Bankers Life Securities (CRD #7206531).
According to FINRA BrokerCheck, broker Michelle Neuhalfen has been hit with a complaint from an investor’s Power of Attorney which alleged that Neuhalfen recommended the liquidation of securities to fund a Bankers Life and Casualty Guaranteed Lifetime Income Annuity and persuaded the investor to transfer funds without providing adequate risk and benefit information. The complaint alleged $782,583 in damages, but was denied by the firm.
Although this dispute was denied, it is important to know that firms can deny disputes without an outside review. Investors may still pursue a FINRA arbitration claim to recover their investment losses by contacting KlaymanToskes.
Investors that suffered losses with broker Michelle Neuhalfen are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Michelle Neuhalfen, a broker with Bankers Life Securities, has been involved in an investor dispute. According to her BrokerCheck record, a client’s Power of Attorney filed a complaint on June 18, 2024. The complaint alleged that Neuhalfen advised selling some investments to buy a Bankers Life and Casualty Guaranteed Lifetime Income Annuity. Further, the complaint alleged that Neuhalfen convinced the investor to move money to a managed account with Bankers Life Advisory Services. However, they alleged she did not explain the risks and benefits of these investments. The investor sought $782,583.10 in damages, but the complaint was denied. Although the complaint was denied by the firm, investors should be aware that the denial of a customer complaint by a brokerage firm does not mean that the complaint does not have merit.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Michelle Neuhalfen. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Michelle Neuhalfen, or have concerns regarding your investment portfolio at Bankers Life Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.