The allegations read: A civil lawsuit has been initiated in the state of new jersey by client angelo gencarelli, who has named registered representative august ferretti. This legal action follows two written complaints by mr. Gencarelli, alleging that insurance policies were purchased without his knowledge and that the terms of an annuity contract were misrepresented to him by august ferretti. Originating from a new jersey department of insurance complaint, the first written complaint was received by august ferretti on september 21, 2023, the subsequent complaint was received by bankers life securities, inc. (bls) on october 4th, 2023. Bls and bankers life and casualty company (blc) reviewed these serious allegations and found no merit, therefore denied the allegations.
