Regulator Investigates MML Broker For Annuity Suitability
Milton Lyman Knowlton of Memphis Tennessee a stockbroker currently registered with MML Investors Servcies LLC is the subject of a Tennessee Department of Commerce and Insurance investigation launched on February 6, 2018 concerning allegations that Knowlton effected an unsuitable replacement of a customer’s annuity policy.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on July 3, 2017, a customer filed an investment related complaint concerning Knowlton’s activities where the customer requested $137,081.69 in damages supported by accusations that while Knowlton was associated with MML Investors Services, LLC, misrepresentations had been made to the customer about a variable life insurance policy that the customer purchased.
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