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, 2017).
FINRA issued Aguilar a Suspension from Association letter on February 16, 2017 for having failed to provide information to FINRA personnel upon request. He was provided until April 25, 2017 to provide that information or request his suspension to be lifted. Ultimately, Aguilar failed to cooperate with FINRA by the April 25, 2017 deadline, resulting in him being automatically barred by FINRA in all capacities.
FINRA Public Disclosure reveals that on December 6, 2016, a customer initiated investment related written complaint concerning Aguilar’s activities was settled for $7,882.19 in damages based upon accusations that Aguilar converted the customer’s insurance policy from a term-life policy to a whole-life policy without the customer’s permission, and furnished documents containing forged signatures of the customer to effect the conversion of the customer’s policy.
Aguilar’s registration with MML Investors Services LLC has been terminated as of April 14, 2016.
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