Garden City, New York financial advisor (CRD# 5225102) has received multiple investor complaints alleging that his investment recommendations led to...Read More
Aaron Rice: UIT Complaint Against Roseville Ex-BBVA Advisor
PNC Investments financial advisor Aaron Rice (CRD# 5416008) has received multiple investor complaints alleging he misrepresented investments he recommended. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Roseville, California. He is also registered with his firm’s offices in Lincoln, Elk Grove, Lodi, and Jackson, California.
Mr. Rice’s BrokerCheck report discloses three investor complaints. The most recent, filed in June 2022, alleged that as a representative of BBVA Securities, he misrepresented the fee structure of a unit investment trust. The complaint alleged damages of $71,000 and was denied by the firm.
An earlier investor complaint, filed in 2016, alleged that as a representative of BBVA Securities, he “failed to adequately explain and disclose the terms and features” of a certificate of deposit in March 2016. The complaint reached a settlement of $5,850.
A third investor complaint, filed in 2013, alleged that as a representative of BBVA Compass Investment Solutions, he provided misleading and incomplete information regarding a variable annuity contract. The complaint alleged damages of $7,000 and was denied by the firm.
According to the Financial Industry Regulatory Authority, Aaron Rice holds 14 years of securities industry experience. Based in Roseville, California, he has been a broker and an investment advisor with PNC Investments since August 2021. His past registrations include BBVA Securities (Lincoln, California; 2013-2021), BBVA Compass Investment Solutions (Sacramento, California; 2012-2013), Wells Fargo Advisors (Lincoln Hills, California; 2010-2012), and Edward Jones (Roseville, California; 2007-2010). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, Minnesota, Nevada, Tennessee, and Washington. (Information current as of September 3, 2022.)
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