Raymond E Hart (CRD#6333498)

Claim Date: 3/3/2024

“Client indicates the fixed annuity they were sold was misrepresented, client indicates they were told this was the only product available to them. Both Abeyta and Ray told clients that the annuity sold was “zero loss“ . Clients indicate they were not informed of fees and product was sold as a “sure thing“. Clients indicate they were not told of commissions generated, the fact that Abeyta would generate bonus commissions for himself and other benefits from issuer. Client indicates that Abeyta and Hart failed in their fiduciary duties and were only looking at their own personal financiaL gain. Clients are requesting rescission.”

This claim, as of this posting, is currently Closed-No Action.

Claim Date: 3/25/2024

“Customer indicates he was sold annuity without appropriate disclosure of the fact that Hart/Abeyta were receiving extra commissions on top of standard commission payout for selling high volume of one particular annuity family. Customer, a senior citizen, indicated high pressure sales tactics were utilized without informing him of downsides of the policy sold. In addition Customer accuses Hart/Abeyta of both not complying with Colorado Insurance Best Interest regulations and violating SEC Reg. SP during the sale. Customer indicates Abeyta told him he was the principal Advisor but would work with Hart throughout. Customer indicates throughout meetings with Abeyta/Hart he was subject to extreme vision issues as well as inability to concentrated to a recent assault. Customer believes Hart/Abeyta took advantage of his debilitation by utilizing high pressure tactics while in his diminished state. Customer filed complaint with Annuity issuer and was denied based solely upon mutually supporting statements from Abeyta/Hart. Customer also alleges violation of Reg. SP and Colorado Privacy laws in that Abeyta and Hart currently have unauthorized possession of his private client financial data and have shared it with their new advisory firm.”

This claim, as of this posting, is currently Pending with a claim amount of $250,000.00 .