The allegations read: Customer alleged that mr. Patatian ensured him that the variable annuity purchased was surrender free after 5 years at the end of 5 years a 5% annual return on the invested amount would be credited to the account. Further, when customer asked about varying account balance on statements from the annuity provider, mr. Patatian told the customer not to worry, that his principal and %5 return were guaranteed.
