Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on July 30, 2018 indicate that Maryland-based PFS Investments broker Stephen Powers has received a pending customer complaint. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Powers (CRD# 2048630).
Stephen Powers has spent 28 years in the securities industry and has been registered with PFS Investments in Millersville, Maryland since 1990. He has no previous registrations. He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 8, 1990; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on May 8, 1990; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on December 13, 1995. He is a registered broker with three US states—California, Colorado and Maryland—and with one self-regulatory organization (SRO): FINRA.
According to his BrokerCheck report, he has received one pending customer complaint.
In May 2018 a party of customers alleged Stephen Powers, while employed at PFS Investments, told them their variable annuity investments were guaranteed to receive a minimum annual growth of 5%. The customers are seeking $204,638 in damages in the pending complaint.
Stephen Powers’ member firm, PFS Investments, has listed 22 disclosures on its BrokerCheck report. Those include 17 regulatory events, such as FINRA sanctions, and three customer complaints that evolved into arbitration.
If you or someone you know has a complaint regarding Stephen Powers and/or PFS Investments, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.