Tag Archives: MML Investor Services LLC

MML Stockbroker Barred By FINRA In Investigation

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   Comments Off on MML Stockbroker Barred By FINRA In Investigation

Robert Joseph Boyer III (also known as Bob Boyer) of Wayne Pennsylvania a stockbroker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he obstructed a FINRA investigation into a customer initiated investment related complaint regarding accusations […]

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MML Investors Services Stockbroker Barred By FINRA

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on MML Investors Services Stockbroker Barred By FINRA

Curt Giacobbe of Melville New York a stockbroker formerly registered with MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon accusations that Giacobbe failed to cooperate with FINRA’s request for information. Case No. 2020065067201 (November 6, 2020). FINRA Public Disclosure shows that Giacobbe […]

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Investors Accuse Pruco Securities Of Unsuitable Trading

October 08, 2021  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors Accuse Pruco Securities Of Unsuitable Trading

Michael John Libmann (also known as Mike Libmann) of Quincy Illinois a stockbroker currently registered with Pruco Securities LLC is the subject of a customer initiated investment related written complaint which was settled for $91,000.00 in damages supported by allegations that unsuitable transactions were made by Libmann when he was registered with Pruco Securities LLC. […]

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FINRA Bars MML Stockbroker In Investigation

September 16, 2021  |   Posted by :   |   Alternative Investments, Forgery, Investment and Regulatory News   |   Comments Off on FINRA Bars MML Stockbroker In Investigation

Adam Gerard Belardino of Elmsford New York a stockbroker formerly registered with MML investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a Decision containing findings that Belardino refused to cooperate with a FINRA investigation in regard to customer complaints. Department of Enforcement […]

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Investors Accuse MML Of Unsuitable Transactions

July 31, 2021  |   Posted by :   |   Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse MML Of Unsuitable Transactions

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 […]

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Investors Accuse MML Of Insurance Fraud

June 12, 2021  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   Comments Off on Investors Accuse MML Of Insurance Fraud

Jeffrey Paul Weiner of Elmsford New York a stockbroker formerly registered with MML Investors Services LLC is referenced in a customer initiated investment related written complaint on February 14, 2021 in which the customer requested more than $5,000.00 in compensatory damages supported by allegations that Weiner made misrepresentations regarding a variable life insurance policy that […]

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FINRA Charges MML Stockbroker With Obstruction

May 31, 2021  |   Posted by :   |   Churning, Excessive Trading, Investment and Regulatory News, Non-traded REITs, Unauthorized Trading   |   Comments Off on FINRA Charges MML Stockbroker With Obstruction

Adam Gerard Belardino of Elmsford New York a stockbroker formerly registered with MML Investors Services has been charged by Financial Industry Regulatory Authority (FINRA) with failing to cooperate with an investigation in which he was being examined for possible excessive trading in customer accounts. Department of Enforcement v. Adam Gerald Belardino Disciplinary Proceeding No. 2019062347102 […]

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FINRA Sanctions MML Stockbroker For Customer Loan

April 18, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Sanctions MML Stockbroker For Customer Loan

Keith Holcomb of Pawtucket Rhode Island a stockbroker formerly registered with MML Investors Services LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Holcomb borrowed customer funds in violation of MML company policy. Letter of Acceptance Waiver and Consent No. […]

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New England Securities Accused Of Annuity Fraud

December 22, 2020  |   Posted by :   |   Forgery, Investment and Regulatory News, Variable Annuites   |   Comments Off on New England Securities Accused Of Annuity Fraud

Charles Jonathan Evan of Wellesley Massachusetts a stockbroker formerly registered with New England Securities and MML Investors Services is the subject of a customer initiated investment related written complaint on September 4, 2020 in which the customer requested unspecified damages supported by allegations that the customer had been provided with misrepresented information in regards to […]

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MML Investors Services Stockbroker Barred For Stealing From Dead Customers

September 30, 2020  |   Posted by :   |   Elder Financial Abuse, Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on MML Investors Services Stockbroker Barred For Stealing From Dead Customers

Roger Allan Duval of Bellevue Washington a stockbroker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that he converted funds belonging to three customers of the securities broker dealer. Letter of Acceptance Waiver and Consent No. 2019062789901 […]

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Investors Bring Claims Against New England Securities For Misrepresentation

September 14, 2020  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on Investors Bring Claims Against New England Securities For Misrepresentation

Bernard Joseph Audet of Newtown Square Pennsylvania a stockbroker registered with MML Investors Services and New England Securities is referenced in a customer initiated investment related civil action that was resolved for $8,000,000.00 in damages founded on allegations that a fiduciary duty that was owed to the customer had been breached by the stockbroker and […]

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Investors Accuse MML Of Misrepresentation

July 20, 2020  |   Posted by :   |   Variable Annuites   |   Comments Off on Investors Accuse MML Of Misrepresentation

Adam Gerard Belardino of Elmsford New York a stockbroker formerly employed by MML Investors Services (Massachusetts Mutual life Insurance Company) has been identified in a customer initiated investment related written complaint which was resolved on May 8, 2020 for $51,133.06 in damages founded on accusations of misrepresentations as it pertained to a variable universal life […]

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MML Stockbroker Barred By FINRA In Investigation

April 08, 2020  |   Posted by :   |   FINRA Securities Arbitration   |   Comments Off on MML Stockbroker Barred By FINRA In Investigation

Dustin Michael Blount of Vicksburg Mississippi a stockbroker formerly associated with MML Investors Services LLC has been barred from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to respond to FINRA’s request for information. Case No. 2019061481901 (Mar. 9, 2020). According to FINRA Public Disclosure, Blount was not […]

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Investors Catch MML Twisting Annuity Policies

Thomas John Leone of Farmington Connecticut a stockbroker formerly registered with MML Investors Services is referenced in a customer initiated investment related written complaint which was settled on May 10, 2018 to resolve accusations that (1) the customer’s assets had been inappropriately transferred a number of times between annuities and mutual funds and (2) the […]

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MML Investors Blamed For Defective Investment Advice

Nicola Ottavio Caporaso of Melville New York a stockbroker formerly registered with MML Investors is referenced in a customer initiated investment related written complaint which was resolved for $20,000.00 on January 26, 2018 supported by allegations that (1) Caporaso inappropriately advised customers to surrender their annuity investments and use the proceeds for managed account investments […]

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MML Investor Services Broker Caught Lying By Regulators

Matthew Stanley Sinclair of Elmsford New York a stockbroker currently registered with MML Investors Services LLC has been fined by State of New York Department of Financial Services supported by accusations that Sinclair gave a customer life insurance documentation containing false information. Case No. 2017-0056-S (May 19, 2017). Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

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Investors Sue MML Investors For Misrepresentation

December 21, 2018  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Richard Allen Grenda of Downers Grove Illinois a stockbroker formerly employed by MML Investors Services LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $74,253.55 in damages based upon accusations that misrepresentations had been made to the customer about the terms and conditions of a variable annuity purchased […]

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MML Investors Broker Fined For Outside Business Activities

Robert Jay Myers of Greenwood Village Colorado a stockbroker formerly employed by MML Investors Services LLC has been fined $20,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver […]

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FINRA Charges MML Broker With Hindering Investigation

Tyler James Woodward of Colorado Springs Colorado a stockbroker formerly registered with MML Investors Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in Complaint alleging that Woodward failed to cooperate in a FINRA investigation into allegations that he converted a customer’s funds. Department of Enforcement v. Tyler J. Woodward […]

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FINRA Suspends MML Broker For Failure To Comply

Tyler V. Schultz of Meridian Idaho a stockbroker formerly registered with MML Investors Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Schultz declined to provide FINRA information about his business activities or sales practices after it had been requested of him […]

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MSI Accused By Investor Of Poor Advice

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 […]

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MSI Financial Sued By Investor For Failure To Execute

August 25, 2018  |   Posted by :   |   Failure to Execute, Investment and Regulatory News   |   0 Comments

Ronald Clemente Davis of Raleigh North Carolina a stockbroker formerly registered with MSI Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was settled to resolve allegations that Davis did not appropriately execute the customer’s instructions of liquidating an advisory account and variable annuity. Financial Industry Regulatory Authority (FINRA) Arbitration […]

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Chowdhury Barred For Failure To Cooperate

August 13, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Samiul Anam Chowdhury of Melville New York a stockbroker formerly employed by MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he failed to provide FINRA personnel with information that was requested of him. FINRA Case No. 2017053704401 (Dec. 4, […]

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Regulator Investigates MML Broker For Annuity Suitability

June 21, 2018  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Milton Lyman Knowlton of Memphis Tennessee a stockbroker currently registered with MML Investors Servcies LLC is the subject of a Tennessee Department of Commerce and Insurance investigation launched on February 6, 2018 concerning allegations that Knowlton effected an unsuitable replacement of a customer’s annuity policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on […]

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MML Stockbroker Fired For Violating Policy

June 12, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

William Shane Milton Hall of Rochester New York a former MML Investors Services LLC registered representative has been discharged by the firm on January 16, 2018 founded on accusations that Hall failed to abide by the firm’s affiliate procedures and policies concerning traditional life insurance policy replacements. This is not the first time that Hall […]

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FINRA Bars MML Investors Brian Hurley From Securities Industry

June 12, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Brian Patrick Hurley of Braintree Massachusetts a stockbroker formerly registered with MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations of Hurley’s failure to provide FINRA personnel with information that was requested of him. Case No. 2017054610101 (Feb. 20, 2018). FINRA […]

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MML Terminates Stockbroker For Customer Complaint

May 29, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Alyssa Jean Schultz of Milwaukee Wisconsin a stockbroker registered with MML Investors Services LLC has been terminated by the firm on December 8, 2017 founded on allegations that Schultz was subject of a customer complaint and failed to preserve records in accordance with the company’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that […]

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MML Accused By Customer Of Misrepresentation

May 17, 2018  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

David Craig Sundberg of Lincoln Nebraska a MML Investors Services LLC registered representative is the subject of a customer initiated investment related written complaint on March 15, 2018 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that Sundberg misrepresented the tax liability that the customer would be exposed to in […]

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MML Stockbroker Investigated By Florida Regulator

May 17, 2018  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Oscar Francis of Fort Lauderdale Florida a stockbroker formerly registered with MML Investors Services, LLC is referenced in a Florida Department of Financial Services investigation that was launched on October 23, 2017 concerning the circumstances surrounding Francis’ termination from MML Investor Services. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Francis was terminated from […]

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MetLife Securities Named In FINRA Arbitration

June 13, 2017  |   Posted by :   |   Securities Arbitration Claims, Variable Annuites   |   0 Comments

Connie Jo Binz, of Bryant, Arkansas, a stockbroker formerly registered with MSI Financial Services, Inc., has been named in a customer initiated investment related arbitration claim on June 17, 2016, in which the customer requested approximately $5,000.00 in damages based upon allegations that Binz misstated information to the customer in the course of effecting variable […]

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