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 Authority (FINRA) Public Disclosure additionally reveals that on July 17, 2015, a customer filed an investment related written complaint involving Velea’s conduct, based upon allegations that Velea utilized an account form for a variable annuity investment that contained unauthentic signatures of the customer.

Velea’s registration with MML Investors Services, LLC, was terminated on September 21, 2016.

Guiliano Law Group

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