Charles Jonathan Evan of Wellesley Massachusetts a stockbroker formerly registered with New England Securities and MML Investors Services is the subject of a customer initiated investment related written complaint on September 4, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been provided with misrepresented information in regards to variable annuity and life insurance purchases and had sustained losses by investing through Evan at New England Securities.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Evan has been identified in eight additional customer initiated investment related disputes containing accusations of his unsuitable sales practices while registered with securities broker dealers including MML Investors Services, MSI Financial Services and New England Securities. On December 16, 2019, a customer filed an investment related complaint involving Evan’s activities where the customer requested unspecified compensatory damages based upon allegations that the customer’s signature had been forged on documents that were used to transfer a term life insurance policy.
Evan is referenced in a customer initiated investment related written complaint on January 6, 2020 in which the customer requested $154,000.00 in damages founded on accusations that the customer had fallen victim to Evan’s unethical sales tactics and had not been apprised of information concerning commissions and other aspects of the customer’s investments.
On February 24, 2020, another customer filed an investment related complaint concerning Evan’s conduct where the customer requested more than $5,000.00 in estimated damages supported by allegations that investment recommendations were not suitable and that misrepresentations had been made to the customer concerning mutual funds, insurance products and annuities that were sold to the MML customer.
Evan is also the subject of a customer initiated investment related written complaint on March 11, 2020 in which the customer requested $157,370.00 in damages founded on accusations that the MML customer was placed into investments that failed to be suitable given the customer’s needs. On March 20, 2020, another customer filed an investment related complaint regarding Evan’s activities where the customer requested unspecified damages based upon allegations that the customer had been sold mutual funds and stocks without their authorization as their signature had been forged.
Evan has also been identified in a customer initiated investment related written complaint on April 17, 2020 in which the customer requested more than $5,000.00 in damages supported by accusations that the customer received Unsuitable investment advice and misinformation relating to their purchases of insurance and annuities through Evan at MSI Financial Services. On June 10, 2020, another customer filed an investment related complaint concerning Evan’s conduct where the customer requested unspecified compensatory damages founded on allegations that the customer was misled and deceived by Evan in 2019 during the time that the stockbroker was associated with MML.
Evan has been barred from associating with any FINRA member in any capacity based upon findings that he failed to comply with an investigation concerning the circumstances of his termination from MML. Letter of Acceptance Waiver and Consent No. 2019064596401 (Jan. 22, 2020).
According to the AWC, FINRA received notice that Evan was terminated based on accusations of inappropriate sales practices. The regulator asked Evan on December 4, 2019 to provide information and documents in response to the allegations against him. Evan’s legal counsel contacted FINRA to report that Evan would not comply with FINRA’s instructions. Evan’s conduct was violative of FINRA Rules 2010 and 8210.
Evan was registered with MML between March 25, 2017 and November 13, 2019.