Todd Ray Anderson, Benchmark Investments, Barred by FINRA 

FINRA Bars Todd Ray Anderson after Allegations  

According to the Financial Industry Regulatory Authority, the regulator has reportedly barred financial advisor Todd Ray Anderson (CRD #1896352) from working in the securities industry. 

Anderson reportedly refused to provide documents and information requested by FINRA in connection to its investigation.  Anderson’s member firm, Benchmark Investments, reportedly disclosed that the firm had initiated an internal review after Anderson’s client allegedly disputed a signature on a fixed annuity application. Consequently, he was barred from the industry. 

 This follows a previous suspension in April 2023 involving the sale of mutual funds. Anderson reportedly agreed to sanctions after FINRA found that he recommended that a senior customer purchase over $1 million in mutual funds across 31 fund families, without considering the availability of fee discounts that would have been available to the customer by investing in fewer fund families.  

 The findings stated that the alleged recommendations to the customer failed to consider that the customer could have received a fee discount by reaching higher breakpoint levels, including through rights of accumulation, had the customer purchased funds in fewer fund families.  

 Anderson’s alleged recommendation that the customer invest in multiple fund families, without regard for available rights of accumulation and breakpoint discounts, caused the customer to incur $20,867 in unnecessary sales charges. 

According to his broker check report, Anderson reportedly has 16 disclosures on his record, including two regulatory events, two employment separations, a customer complaint alleging unsuitable investments and numerous judgments/liens. 

FINRA BrokerCheck – Todd Ray Anderson 

The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
 
Investors can use the tool to verify whether a broker or brokerage firm is registered with FINRA, as well as to review their employment history, licensing status, and any regulatory actions or complaints filed against them.      

Todd Ray Anderson was reportedly registered with the following brokerage firm during his career in the securities industry, among others: 

B, 09/17/2019 – 05/15/2023, BENCHMARK INVESTMENTS, LLC (CRD#:103792), Tucson, AZ
B, 03/21/2014 – 10/04/2019, CETERA ADVISORS LLC (CRD#:10299), TUCSON, AZ
B, 07/29/2005 – 03/25/2014, GENEOS WEALTH MANAGEMENT, INC. (CRD#:120894), TUCSON, AZ
B, 04/28/2000 – 07/25/2005, HORNOR, TOWNSEND & KENT, INC. (CRD#:4031), HORSHAM, PA  

Free Consultation with a Securities Attorney  

If you have suffered investment losses with Todd Ray Anderson and Benchmark Investments, the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.  
   

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.     

Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.             

With over 30 years of securities law experience, The White Law Group has the expertise to help investors to recover their securities fraud losses.