Tag Archives: MML Investors Services LLC

FINRA Bars MML Stockbroker In Investigation

March 28, 2019  |   Posted by :   |   Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Tyler James Woodward of Colorado Springs Colorado a stockbroker formerly employed by MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Hearing Panel Decision containing findings that Woodward failed to give documentation to FINRA and provide recorded testimony before FINRA personnel […]

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NYLife Securities LLC Blamed By Investors For Annuity Misconduct

Sudesh Kumar Jain of Dayton Ohio a stockbroker currently registered with NYLife Securities LLC is the subject of a customer initiated investment related written complaint which was resolved for $11,487.91 on January 9, 2019 founded on accusations that (1) the customer was placed into a variable annuity that failed to align with the customer’s financial […]

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FINRA Fines MML Broker For Secret Business Activities

March 07, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Eric Eugene Ott of Cincinnati Ohio a stockbroker formerly registered with MML Investors Services LLC has been fined $15,000.00 and suspended for thirteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Ott executed the unauthorized purchases of life insurance policies held in […]

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FINRA Fines MetLife Broker For Outside Business Activities

February 19, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Dung Thanh Nguyen of Houston Texas a stockbroker formerly registered with MetLife Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Nguyen engaged in undisclosed outside business activities while employed by the firm. Letter of Acceptance Waiver and Consent No. 2016050536901 (Apr. […]

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FINRA Catches MML Broker Selling Away Woodbridge Notes

Floyd Earl Powell of Albertville Alabama a stockbroker formerly employed by MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Powell engaged in private securities transactions while associated with the firm. Letter of Acceptance Waiver and Consent No. […]

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MML Broker Caught Selling Away

February 05, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Matthew Leon White of Little Rock Arizona a broker formerly employed by MML Investors Services LLC has been fined $5,000.00 by Arkansas based upon consenting to the Arkansas Securities Department’s findings that White sold away from his firm. Case No. S-18-0105 (Oct. 17, 2018). According to the Order, prior to White having become registered with […]

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Mass Mutual Fires Broker For Lying to Customers

January 29, 2019  |   Posted by :   |   Annuity Schemes, Stockbroker Fraud News   |   0 Comments

Chad T. Mackland of Omaha Nebraska a stockbroker formerly registered with Mass Mutual has been discharged by the firm on September 4, 2018 based upon Mass Mutual’s accusations that misrepresentations had been made to customers by Mackland in regard to the terms and conditions of traditional life insurance policies which had been sold by Mackland […]

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MML Broker Barred In Regulatory Inquiry

December 13, 2018  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

Miguel Angel Aguilar of Forth Worth Texas a broker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Aguilar declined to answer an inquiry from FINRA in regard to his possible misconduct. Case No. 2016051130501 (Apr. 26, […]

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MML Investors Fires Broker Mishandling Confidential Information

November 12, 2018  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

David William McConnell of Grandview Ohio a stockbroker formerly registered with MML Investors Services LLC has been discharged on May 25, 2017 supported by accusations that McConnell mishandled confidential information from customers and became subject of a customer initiated investment related complaint. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that McConnell is referenced in […]

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MML Investors Broker Discharged For Misrepresentation

November 12, 2018  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

Samuel E. Barber of Naugatuck Connecticut a stockbroker formerly employed by MML Investors Services LLC has been discharged by the firm on March 27, 2017 based upon accusations that Barber became the subject of a customer complaint which alleged that a traditional insurance product sold to the customer had been misrepresented. Financial Industry Regulatory Authority […]

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MSI Financial Accused By Investors Of Fraud

October 04, 2018  |   Posted by :   |   Annuity Schemes, Forgery, Stockbroker Fraud News   |   0 Comments

Mark Andrew Cramer of LaRue Ohio a stockbroker formerly registered with MSI Financial Services Inc. is the subject of a customer initiated investment related written complaint which was resolved for $456,990.00 on June 11, 2018 founded on allegations that (1) Cramer provided documentation containing forged customer signatures to an insurance company so that he could […]

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SW Financial Fires Broker For Outside Business Activities

August 01, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Abdul Matin Rahmani of Mineola, New York, a stockbroker formerly registered with SW Financial, has been discharged by the firm on December 15, 2017 founded on allegations that he engaged in outside business activities in violation of both the firm’s policy and FINRA Rule 3270. SW Financial alleged that without the firm’s permission, Rahmani enlisted […]

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NYLife Securities Terminates Registered Representative

July 28, 2017  |   Posted by :   |   Annuity Schemes   |   0 Comments

Chander Ketu Goel, of New York, New York, a stockbroker registered with NYLife Securities LLC, has been terminated from employment on June 29, 2016, based upon allegations that he engaged in unauthorized activities by instructing an assistant of his to cover insurance policy premium payments to keep policies intact. Financial Industry Regulatory Authority (FINRA) Public […]

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New England Securities Sued For Misrepresentation

July 05, 2017  |   Posted by :   |   Stockbroker Fraud News   |   0 Comments

Bernard Joseph Audet, of Newtown Square, Pennsylvania, a registered representative formerly associated with New England Securities, has been named in a customer initiated investment related civil action on April 12, 2017, based upon allegations that he breached his fiduciary duties to the customer and made misrepresentations concerning insurance products. Financial Industry Regulatory Authority (FINRA) Public […]

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MML Investor Services Stockbroker Fired For Selling Away

July 03, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Gary Wayne Hammond, of Charlotte, North Carolina, a stockbroker registered with MML Investors Services, LLC, was terminated from employment on April 21, 2017, based upon allegations that he sold away from his firm and violated the firm’s company policies in the handling of a customer initiated investment related complaint. Financial Industry Regulatory Authority (FINRA) Public […]

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MML Investor Services Action Alleges Unauthorized Trading

Karl Robert Dierman, of Columbus, Nebraska, a stockbroker formerly registered with MML Investors Services, LLC, has been named in a customer initiated investment related civil action, in which the customer requested $39,000.00 in damages based upon allegations that Dierman misappropriated the customer’s funds via forged requests for loans, and effected unauthorized transactions in the customer’s […]

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FINRA Arbitration Claim Filed Against MML Investors Services

Eugen Velea, of Manasquan, New Jersey, a stockbroker formerly registered with MML Investors Services, LLC, has been named in a customer initiated investment related arbitration claim, which settled on August 1, 2016, for $70,000.00 in damages based upon allegations that Velea induced the customer’s mutual fund purchases by making unsuitable investment recommendations. Financial Industry Regulatory […]

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Customer Brings Securities Arbitration Against JP Morgan Securities

Pamela Lynn Kourtakis, of Dana Point, California, a stockbroker formerly registered with J.P. Morgan Securities LLC, has been named in a customer initiated investment related written complaint on September 8, 2016, in which the customer requested $5,835.18 in damages based upon allegations that Kourtakis effected the purchase of a variable annuity contract that was not […]

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FINRA Securities Arbitration Filed Against David Lerner Associates

Kenneth Sydney Kaufman, of White Plains, New York, a stockbroker formerly registered with David Lerner Associates, Inc., has been named in a customer initiated investment related written complaint on June 10, 2015, based upon allegations that Kaufman made misrepresentations to the customer concerning real estate securities effected in the customer’s account. Financial Industry Regulatory Authority […]

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MetLife Securities Customer Complaint Costs Fortune

Richard Ashleigh Fortune, of Iselin, New Jersey, a stockbroker formerly registered with MSI Financial Services, Inc., has been named in a customer initiated investment related written complaint on June 15, 2015, based upon allegations that Fortune made misrepresentations to the customer regarding the customer’s 2014 variable annuity purchase. Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

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Wells Fargo Advisors Sued By Customer For Misrepresentation

Mikael C. Lee, of San Mateo, California, a stockbroker formerly registered with Wells Fargo Advisors, has been named in a customer initiated investment related written complaint on December 27, 2016, in which the customer requested more than $5,000.00 in damages based upon allegations that Lee misrepresented the terms of investments effected in the customer’s account, […]

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MetLife Securities Sued By Customer For Misrepresentation

Mark A. Sutherland, of Moosic, Pennsylvania, a broker formerly registered with MSI Financial Services Inc, has been named in a customer initiated investment related written complaint on September 28, 2015, based upon allegations that Sutherland made misrepresentations to the customer concerning a variable annuity transaction which had been purchased by the customer in February of […]

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