Craig Lewis — Alleged Undisclosed Business Activity

Craig Edward Lewis May Have Allegedly Engaged in Undisclosed Outside Business Activity by Making Sales of Equity Indexed Annuities through a Third-party Life Insurance Firm to Many Customers of His Member Firm

Craig Lewis, a former Valic broker, allegedly engaged in undisclosed outside business activity by making sales of equity indexed annuities via a third-party life insurance company to several customers of his employer member firm, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Craig Lewis’s alleged undisclosed business activity are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Craig Lewis’s alleged undisclosed business activity.

Lewis also allegedly directed trading activity in a customer’s securities account held away from his member firm without disclosing to that member firm that he was a registered representative and without disclosing his activities to his member firm, the AWC notes.

What is more, Craig Lewis allegedly traded away in an undisclosed personal securities account held at another FINRA member firm without disclosing to that member firm that he was a registered representative, the AWC states.

Craig Lewis Barred by FINRA

Craig Edward Lewis, based on the aforementioned behavior, allegedly violated FINRA Rules and hence has been barred by FINRA, according to the aforementioned AWC presently under review by attorneys Alan Rosca and James Booker.

In March of 2016, Valic allegedly terminated its affiliation with Lewis and he has not been employed in the industry since, the AWC states.

Lewis started his securities career in 1981 at A.G. Edwards and reportedly worked at eight securities firms before joining Valic in 2012, the AWC notes.

Lewis is currently not associated with a FINRA member firm, has no prior disciplinary history, and although Lewis is not currently associated with a FINRA member firm or registered with FINRA, he is subject to FINRA’s jurisdiction pursuant to FINRA’s By-Laws, the AWC notes.

Finally one should also note that, according to the AWC, Craig Edward Lewis neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Craig Lewis’s alleged undisclosed business activity. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Craig Lewis’s alleged undisclosed business activity may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1247 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.