Brookfield, Wisconsin financial advisor Peter Glowacki (CRD# 1180975) was recently sanctioned in connection with allegations that he exercised discretion without...
Read MoreRegina Frias: Vanderbilt Advisor Fired by TransAmerica
Seal Beach, California financial advisor Regina Frias (CRD# 2748727) was recently terminated from her position at TransAmerica financial services. Financial Industry Regulatory Authority records show that she is now registered as a broker with Vanderbilt Securities and an investment advisor with Vanderbilt Advisory Services.
Ms. Frias’s BrokerCheck report discloses her termination from TransAmerica financial advisors. Filed in May 2024, it states that the firm fired her in connection with allegations that she failed to follow the firm’s trade review process. The disclosure provides no additional information regarding the circumstances leading to her firing.
A second disclosure on her BrokerCheck report concerns an investor complaint. Filed in 2006, it alleged that as a representative of World Group Securities, she recommended an unsuitable variable universal life insurance policy. The complaint alleged damages of $9,000 and was denied by the firm.
A second investor complaint, filed in 2004, alleged that as a representative of WMA Securities, she recommended an unsuitable variable annuity. The complaint alleged damages of more than $9,000 and was denied by the firm.
A third investor complaint, filed in 2001, alleged that as a WMA Securities representative, she sold a variable universal life insurance policy to a customer who “had no need” for it and “believed that she was purchasing an investment.” The complaint alleged damages of $14,000 and was denied by the firm.
For reference, a complaint’s denial does not necessarily mean its allegations were without merit—simply that the recipient firm determined as much after its own review. Investors whose complaints are denied can still pursue a recovery through other venues, like FINRA arbitration proceedings.
According to the Financial Industry Regulatory Authority, Regina Frias holds 27 years of securities industry experience. Based in Seal Beach, California, she has been registered as a broker with Vanderbilt Securities and an investment advisor with Vanderbilt Advisory Services since May 2024. Her past registrations include TransAmerica Financial Advisors (Fullerton, California; 2012-2024), World Group Securities (Anaheim, California; 2002-2012), and WMA Securities (Duluth, Georgia; 1996-2002). Her credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She is licensed in California, Illinois, Nevada, New York, Texas, and Utah. (Information current as of June 22, 2024.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.
