Tyler Camp is currently a wealth management advisor with Baker Camp Arnold Capital Management, a financial services firm based out of Hoover, Alabama. According to FINRA BrokerCheck, since December 2023, Tyler Camp also has been a registered representative and investment adviser with OneAmerica Securities, Inc. since December 2023. Prior to joining OneAmerica Securities, Inc., Camp was a registered representative of MML Investors Services.
According to FINRA BrokerCheck, Camp was terminated by MML Investors in December 2023. The termination type is “Voluntary Resignation,” and the allegations concerning his termination are described as “customer complaint alleges sales practice violations relating to fee-based accounts.”
Have you suffered losses with Tyler Camp with Baker Camp Arnold Capital Management? Peiffer Wolf is currently investigating claims relating to variable annuity sales and fee-based accounts involving Tyler Camp of Baker Camp Arnold Capital Management. Contact Us for a Free Case Evaluation by filling out an online contact form or calling 205-203-0363.
Tyler Camp | Baker Camp Arnold Capital Management
According to Baker Camp Arnold Capital Management’s website, Tyler Camp joined the firm as a partner in January 2019 and became an equity partner in October 2019. There are 2 customer disputes on Tyler Camp’s FINRA BrokerCheck:
- September 8, 2023 – $450,000 Settlement. The complainants allege that their registered representative, beginning in or around October 2021, opened fee-based accounts and charged a financial planning fee, but never actually met with them to justify the cost. One complainant alleges she lost significant value in her fee-based account.
- September 13, 2023 – $20,000 Settlement. The complainant alleges that his registered representative misrepresented the Variable Annuity, issued on or around March 12, 2021, and the complainant would not have agreed to the investment, if adequate disclosures were made. Complainant also alleges he was being charged for fees in his Managed/Wrap account, which was opened on or around January 6, 2021, but the account was not truly managed and lost money, while market benchmarks enjoyed positive returns.
Variable Annuities Investor Complaints
According to FINRA, deferred variable annuities are hybrid investments containing securities and insurance features. The complexity and confusion surrounding variable annuities can lead to questionable sales practices, which contributes to why variable annuities are a leading source of investor complaints to FINRA.
Brokerage firms like Baker Camp Arnold Capital Management, MML Investors, LLC, and OneAmerica Securities, Inc. have a responsibility to supervise variable annuity sales of its registered representatives, like Tyler Camp. FINRA developed Rule 2330 (Members’ Responsibilities Regarding Deferred Variable Annuities) to enhance firms’ compliance and supervisory systems, and provide more comprehensive and targeted protection to investors who purchase or exchange deferred variable annuities. Also, FINRA Rule 2320 (Variable Contracts of an Insurance Company) contains important requirements regarding cash and non-cash compensation arrangements associated with variable annuity sales.
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If you believe you suffered losses related to potential investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims and we remain committed to fighting on behalf of investors.
If you’ve invested with Tyler Camp, Contact Us today by filling out a Contact Form or by calling 205-203-0363 to schedule a FREE Case Evaluation.
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