Our firm is investigating Park Avenue Securities LLC broker and investment adviser representative Boris Lokshin (CRD# 2665396) for potential investment-related misconduct.
According to his FINRA BrokerCheck report, Lokshin is currently registered with Park Avenue Securities LLC and has one customer dispute disclosure on his record. The complaint was ultimately denied.
Financial Advisor’s Career History
According to his FINRA BrokerCheck report, Boris Lokshin has been registered in the securities industry with the following firms:
- Park Avenue Securities LLC — broker registration since 11/28/2000
- Park Avenue Securities LLC — investment adviser representative registration since 09/11/2017
- Berkshire Equity Sales, Inc. — 10/1995 to 11/2000
FINRA lists Park Avenue Securities branch locations in Needham, Massachusetts and Naples, Florida.
Lokshin has passed the Series 6 and Series 63 examinations and reports the Chartered Financial Consultant professional designation.
Boris Lokshin Allegations and Investor Complaint Explained
FINRA BrokerCheck reflects one customer dispute involving Boris Lokshin.
According to the disclosure, the customer alleged that the terms of a variable annuity contract, including contract fees, a withdrawal rider, and withdrawal rider fees, were misrepresented.
The employing firm when the alleged conduct occurred was Park Avenue Securities LLC.
Customer Complaint: Alleged Variable Annuity Misrepresentation
The BrokerCheck disclosure provides the following information:
- Firm involved: Park Avenue Securities LLC
- Allegations: The terms of the variable annuity contract fees, withdrawal rider, and withdrawal rider fees were allegedly misrepresented
- Product Type: Variable Annuity
- Date Complaint Received: 07/02/2026
- Complaint Pending: No
- Status: Denied
- Status Date: 08/21/2026
- Written Complaint: Yes
- Arbitration or Civil Litigation: No
- Alleged damages: Listed as $0.00, although the firm reported that based on the allegations and reimbursement requested, it made a good-faith determination that alleged damages would exceed $5,000
Disclosure Summary
- Customer Dispute — Denied
- Firm: Park Avenue Securities LLC
- Allegations: Misrepresentation of variable annuity contract fees, withdrawal rider terms, and withdrawal rider fees
- Product: Variable Annuity
- Complaint received: July 2, 2026
- Reported damages threshold: More than $5,000 based on the firm’s good-faith determination
- Written complaint: Yes
- Arbitration/civil litigation: No
- Status: Denied
- Status date: August 21, 2026
Conclusion
Investors evaluating this disclosure should note that the complaint against Boris Lokshin was denied and is no longer pending. A customer complaint appearing on BrokerCheck does not, by itself, establish wrongdoing.
FINRA explains that disclosure events may involve allegations that are contested and that matters may be denied, dismissed, withdrawn, or otherwise resolved without a finding of wrongdoing.
Investors considering doing business with Boris Lokshin may want to review his complete FINRA BrokerCheck report under CRD# 2665396 for the most current information regarding his registration and disclosure history.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
Variable annuities can involve complex contract terms, including surrender charges, rider costs, withdrawal provisions, investment expenses, and other fees. Investors should be given accurate information about material costs and contractual restrictions before purchasing or maintaining a variable annuity.
In Lokshin’s reported complaint, the customer alleged that the variable annuity contract fees, withdrawal rider, and withdrawal rider fees were misrepresented. The complaint was subsequently denied on August 21, 2026.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, unsuitable recommendations, misrepresentations, and other investment-related misconduct. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis.
Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.