INVESTORS: Madison Avenue Securities broker Ann Louise Werts was named in two customer disputes alleging unsuitable investment recommendations.
Ann Louise Werts (CRD#: 5057784) is registered as a broker with Madison Avenue Securities, Inc., where she has been employed since 2021. Previously, Werts was registered as a broker and investment adviser with Cabot Lodge Securities from 2009 until 2021.
Werts has four disclosures on her BrokerCheck report. One customer dispute was closed with no action taken.
July 2022 Customer Dispute
Allegations: Unsuitable recommendations of annuities and bonds.
Damage Amount Requested: $295,000.00
February 2022 Customer Dispute
Allegations: Client alleges unsuitable investment and lack of due diligence on new offerings.
Damage Amount Requested: $250,000.00
Broker Comment: The representative denies the allegations of the complaint in its entirety and specifically states that the recommendation was suitable for the client at the time the recommendation was made including based on her overall suitability profile and previous purchase and profitable liquidation of the same instrument about which she now complains.
April 2009 Employment Separation After Allegations
Firm Name: Securities America
Termination Type: Permitted to Resign
Allegations: Failure to follow firm policy relating to signature use and the supervision of office staff.
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