Prentice Valiant Chevalier Jr. of Wall Township New Jersey a stockbroker formerly employed by MSI Financial Services Inc. is the subject of a customer initiated investment related written complaint on October 25, 2017 where the customer sought damages estimated to exceed $5,000.00 based upon accusations that Chevalier inappropriately advised the customer to apply variable annuity funds towards an insurance policy’s premium payments.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Chevalier is referenced in four more customer initiated investment related disputes pertaining to allegations of Chevalier’s violative conduct during the time that he was associated with MetLife, Capital Management Company and MSI Financial Services Inc. Particularly, a customer initiated investment related arbitration claim involving Chevalier’s conduct was settled for $5,000.00 in damages founded on accusations that Chevalier sold the customer’s mutual fund investment from the customer’s account without the customer’s permission. National Association of Securities Dealers (NASD) Arbitration No. 99-05404 (Jan. 2, 2001).
Then, on February 20, 2009, a customer filed an investment related complaint regarding Chevalier’s activities in which the customer alleged that Chevalier misrepresented the customer’s variable annuity by claiming that it was not exposed to market risk. On October 8, 2013, another customer initiated investment related complaint involving Chevalier’s activities was settled to resolve allegations that Chevalier misrepresented features of a variable annuity. Thereafter, a customer filed an investment related complaint concerning Chevalier’s conduct where the customer requested damages estimated to exceed $5,000.00 supported by accusations that Chevalier engaged in fraudulent activities or misappropriated the customer’s funds pertaining to brokerage and insurance products.
Chevalier has been registered with MML Investors Services, LLC since March 25, 2017.
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