The allegations read: Customers indicate abeyta used high pressure sales to sell a fixed annuity and promised him it was commission free when it was not. Customers were told by abeyta that the roi on the annuity would be 6-8% when it has actually been 2%. Customers indicated abeyta's sale of the fixed annuity over concentrated their portfolio in fixed annuities. Customer indicates he will not begin receiving investment until 84 yrs of age. Customers indicate were never informed of either commission or other benefits received by abeyta as a result of sale. Customers indicate abeyta assured them he was a fiduciary and subject to their best interest. Customer alleges deceptive sales practices, violation of reg. Sp and colorado insurance law.
