Charles Jonathan Evan of Wellesley Massachusetts a stockbroker formerly registered with 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 he failed to comply with requests made by FINRA during the time that the regulator investigated him for unauthorized or unsuitable sales practices. Letter of Acceptance Waiver and Consent No. 2019064596401 (Jan. 22, 2020).
According to the AWC, FINRA’s investigation into Evan commenced following his termination from MML Investor Services. Specifically, on October 28, 2019, Evan was discharged by the securities broker dealer based upon allegations that his life insurance sales were inappropriate.
The AWC stated that on December 4, 2019, Evan was contacted by FINRA with instructions to provide documentation and information to the regulator which was a requirement of complying with FINRA Rule 8210. FINRA subsequently received a phone call from Evan’s legal counsel during which time the regulator learned that Evan refused to comply with its request. The AWC confirmed that Evan failed to provide any documentation and information to the regulator, conduct violative of FINRA Rules 2010 and 8210.
FINRA Public Disclosure reveals that Evan has been identified in three customer initiated investment related disputes concerning accusations of his violative conduct while employed by MML Investors Services and New England Securities. In particular, on November 22, 2019, a customer filed an investment related complaint concerning Evan’s activities where the customer sought damages estimated to exceed $5,000.00 based upon accusations that misrepresentations and omissions had been made to the customer in regard to mutual funds, annuities and insurance products sold by the stockbroker during the time that he was associated with MML Investors Services.
Evan is the subject of another customer initiated investment related written complaint on December 16, 2019 in which the customer requested unspecified damages supported by accusations that the customer’s signature had been forged on documentation for purposes of effecting a term life insurance policy transfer. On January 6, 2020, another customer filed an investment related complaint involving Evan’s conduct in which the customer sought $154,000.00 in damages founded on accusations that during the time that Evan was associated with New England Securities, omissions were made regarding the commissions earned by him for transactions effected in the customer’s account, and the stockbroker secured the customer’s investment purchases by utilizing unethical, high pressure sales tactics.
