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FINRA Department of Enforcement Files Complaint Against Winston Wade Turner

Meyer WilsonThe Department of Enforcement has filed a complaint against former MetLife Securities and Pruco Securities broker Winston Wade Turner (CRD #5965386) amidst allegations that he engaged in misconduct relating to the sales and exchange of variable annuities and other investments. According to the allegations, Turner induced customers to exchange existing investments, often times incurring large surrender charges, while hiding the true source of the customers’ funds from his brokerage firm.

He allegedly split the exchanges in multiple transactions in any effort to circumvent additional supervisory scrutiny from his brokerage firm. Turner is also accused of using forged signatures, as well as using email addresses he owned while claiming them to be emails of customers on various documents so he would receive the account notifications rather than the actual customer.

The complaint also alleges that Turner falsely represented securities, informing customers that their transactions would earn a “guaranteed” minimum annual interest. FINRA states that he paid one customer out of his own pocket to make up for the expected return and made it appear as though the money was from the securities.

At Meyer Wilson, our securities fraud attorneys are dedicated to helping our clients recover their losses after investment misconduct. If you invested and lost money with former Pruco Securities and MetLife broker Winston Wade Turner, our firm may be able to help you seek legal action to hold the responsible party accountable for their actions. Call our firm today to discuss your potential claim in a free consultation and learn more about your legal rights and options.

Categories: FINRA

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