Wayne Bellinger: Osaic Advisor Receives $271K Complaint

Aurora, Colorado financial advisor Wayne Bellinger (CRD# 4118097) allegedly misrepresented annuity investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Osaic Institutions.

Mr. Bellinger’s BrokerCheck report discloses one investor complaint. Filed in September 2026, it alleges that as a representative of Osaic Institutions, he misrepresented material facts relating to variable annuity switches in 2024 and 2025. The pending complaint alleges damages of $271,178.

Investors should be aware of FINRA Rule 2020, which forbids financial advisors like Mr. Bellinger from “effect[ing] any transaction in, or induc[ing] the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” In other words, they may not misrepresent material facts—that is, information that poses a significant consideration for investors considering an investment or investment strategy—concerning their recommendations to their clients. Brokers who make misrepresentations regarding the investments they recommend may be held liable in the event of losses.

According to the Financial Industry Regulatory Authority, Wayne Bellinger holds 25 years of securities industry experience. Based in Aurora, Colorado, he has been registered as a broker and an investment advisor with Osaic Institutions since 2023. His past registrations include CUSO Financial Services, NYLife Securities, MetLife Securities, Metropolitan Life Insurance, Farmers Financial Solutions, and Investors Brokerage Services. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Uniform Securities Agent State Law Examination, or Series 63. He also holds the Chartered Financial Consultant designation. He holds 12 state licenses. (Information current as of October 17, 2026.)

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