Timothy Charles Mortellite of Lynnfield Massachusetts a stockbroker formerly registered with Brokers International Financial Services LLC is referenced in a customer initiated investment related written complaint on July 5, 2018 where the customer sought $26,359.00 in damages based upon accusations that Mortellite failed to explain the terms and conditions of investing in variable annuity products.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on September 3, 2013, a customer filed an investment related complaint concerning Mortellite’s conduct in which the customer requested more than $5,000.00 in damages supported by allegations that the customer was placed in an inappropriate variable annuity, and Mortellite made inaccurate representations on the customer’s variable annuity account documentation.
Mortellite’s registration with Brokers International Financial Services LLC was terminated on August 2, 2017.
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