Old man holding onto piggy bank

Kevin Edward Stokesbary of Mercer Island Washington a stockbroker formerly registered with MML Investors Services is the subject of a customer initiated investment related written complaint that was resolved for $34,862.32 in damages on August 7, 2019 supported by accusations that the customer had been sold an unsuitable whole life insurance policy and variable annuity because of Stokesbary when he was associated with MML Investors Services.

This is the second customer initiated investment related dispute in which Stokesbary was accused of sales practice violations. Financial industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on July 19, 2016, a customer filed an investment related complaint concerning Stokesbary’s activities where the customer sought compensatory damages based upon allegations that they were not provided with information regarding the penalties for withdrawing funds from a variable universal life insurance policy that Stokesbary sold while registered with MML Investors Services.

Stokesbary has been registered with MML Investors Services as a stockbroker since March 30, 2004 and as an investment adviser representative since March 19, 2012.