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FINRA Broker Allegations

Allegations against: Clara Zaya

Allegation type: Customer Dispute

Allegation status: Denied

The allegations read: Client alleged that the representative and security benefit life allowed her fixed annuity contract to renew despite her stated intentions to transfer the account out of the annuity. Once the contract renewed. The contract renewal then required a surrender charge be paid in order to liquidate/transfer the account.

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