The allegations read: Pertaining to those claims asserted against the disclosing defendants, claimant is the surviving daughter of an investment client of mr.
jerry mayes ("agent"). Claimants mother unfortunately passed away on august 8, 2023. In her lawsuit, claimant alleges that in may of 2022, agent acted improperly when he, at client's
direction, initiated the process of removing claimant as a named-beneficiary on two investment
accounts held by client. Claimant alleges that at the time of these alleged changes in beneficiary
designations, client lacked the legal capacity to understand the nature and consequences of her
directive. Agent and firm deny the plaintiff's claims in full.
the lawsuit also contains unrelated claims asserted against various non-affiliated defendants. Neither
mr. Mayes nor money concepts had any involvement with the subject matter of those unrelated
claims.
