Karl Robert Dierman, of Columbus, Nebraska, a stockbroker formerly registered with MML Investors Services, LLC, has been named in a customer initiated investment related civil action, in which the customer requested $39,000.00 in damages based upon allegations that Dierman misappropriated the customer’s funds via forged requests for loans, and effected unauthorized transactions in the customer’s account regarding mutual funds, insurance, and stock.
Financial Industry Regulatory Authority (FINRA) Public Disclosure indicates that between April 19, 2013, and April 30, 2015, Dierman was identified in four additional customer initiated investment related disputes concerning allegations of his wrongdoing while associated with Royal Alliance Associates, Inc. and MML Investors Services, LLC, wherein customers alleged that Dierman obtained personal loans from them which have not been repaid as promised.
Dierman was terminated from MML Investors Services, LLC, on March 31, 2014, based upon allegations against him of entering unauthorized borrowing arrangements. He was subsequently barred by FINRA on November 18, 2014, based upon allegations that he failed to provide FINRA staff with information about his business activities when requested by FINRA. Letter No. 2014040915901 (Nov. 18, 2014).
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