John Dobbertin (CRD#: 3254308), a 19-year veteran of the securities industry who is currently a broker registered with American Portfolios Financial Services, Inc (CRD#: 18487) and doing business as Lexington Financial Services in Fayetteville, New York, has four disclosures on his BrokerCheck record as of July 15, 2019. Before his current position, he worked at LPL Financial Corporation (CRD#: 6413) in Fayetteville, New York, the Lincoln National Life Insurance Company (CRD#: 2580) in Fort Wayne, Indiana, and Lincoln Financial Advisors Corporation (CRD#: 3978) in Syracuse, New York.
John Dobbertin’s first disclosure involves his treatment of variable annuities. Unlike fixed annuities, which provide a guaranteed payout, variable annuities are dependent on the stock performance of one’s chosen investments. Variable annuities may outpace inflation faster than their fixed counterparts, but they come with considerably more risk. For those who have already maxed out their 401(k)s and IRAs, fixed annuities could be a good option, though it may be more prudent to consider index funds, according to CNN Money.
After working for LPL for approximately two years, on June 23, 2009 John Dobbertin was permitted to resign after allegations that he failed to follow “LPL policies and procedures relative to processing variable annuity transactions.”
The post John Dobbertin of Fayetteville, New York Involved in Pending Customer Dispute appeared first on Stock Fraud News & Information.
