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Ameritas Investment Corp.

Background Information

Ameritas Investment Corp., headquartered in Lincoln, Nebraska, is a privately owned broker dealer. They are a majority owned subsidiary of Ameritas Life Insurance Corp. They began operations in 1984 as an insurance based Broker-Dealer known as Banker’s Life Nebraska Investment Corp providing investment advisory services to individuals and businesses. In 1986 the name was changed to Ameritas Investment Corp. They have approximately $2.32 billion assets under management and was recently ranked 37 among independent broker dealers based on total revenue.

Regulatory Violations

Ameritas Investment Corp. has been the subject of several regulatory investigations, some of which resulted in disciplinary actions by regulators.

Failure to Supervise

In 2007, the Florida Office of Financial Regulation fined Ameritas $65,000.00 for failing to supervise two registered representatives in connection with seminar presentations to clients, among other things. The representatives conducted sales seminars without requesting or receiving approval. Ameritas knew or should have known of the seminar activity. Therefore, they failed to properly supervise associated persons.

FINRA Fines and Sanctions – Ameritas

Source: FINRA, Financial Industry Regulatory Authority, Inc. Full Disciplinary Reports Available to the public at: finra.org.

Ameritas Investment Corp. (CRD #14869, Lincoln, Nebraska) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $100,000. Without admitting or denying the findings, the firm [Ameritas] consented to the described sanctions and the entry of findings that it failed to adequately supervise a registered representative who used communications with the public which contained misleading statements and omitted material information. The registered representative conducted a college planning business through which she gave seminars on college funding and planning. Following these seminars and after meeting with parents to discuss options for providing funding for college, she would present them with written financial plan that included recommendations to purchase insurance and securities products. While many of the customers had a common investment objective, they had different overall financial situations, yet the financial plans presented were substantially similar for each customer. The financial plans were misleading in many respects and complicated and confusing for the customers and failed to disclose pertinent information needed to make informed decisions on whether the investment strategy was suitable and failed to disclose any risks associated with certain investments offered. (FINRA Case #2006006364302)

Silver Law Group

Silver Law Group is a nationally recognized securities and investment fraud law firm with Martindale-Hubbell® Peer Review Ratings™ “AV” rated lawyers that handle all securities arbitration matters on a contingency fee basis. The Law Firm, at no cost to investors will review account activity and account statements to determine whether there was any misconduct, whether there are damages and the legal causes of action. We investigate all sales practice violations, while taking into consideration the investor’s age, investment background, and the relationship between the investor and the brokerage firm and its financial advisor. According to securities industry rules and regulations, unsuitable investment advice, securities concentration, fraudulent misrepresentations and omissions of material facts, breach of fiduciary duty, conflicts of interest, variable annuity switching are among the causes of action that may be available to investors in claims for damages against brokerage firms and their financial advisors in a securities arbitration claim filed with the Financial Industry Regulatory Authority (FINRA). We represent investors in FINRA arbitration claims on a contingency fee basis.

To learn more call us at (954) 755-4799 or Toll Free at (800) 975-4345

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