Prentice Valiant Chevalier Jr. (also known as Val Chevalier) of Wall Township New Jersey a stockbroker formerly registered with MetLife Securities Inc. is referenced in a customer initiated investment related written complaint on October 9, 2019 where the customer sought more than $5,000.00 in damages supported by allegations that unfounded statements had been made by the stockbroker concerning the terms and conditions of a variable annuity Chevalier sold when he was associated with MetLife Securities Inc.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Chevalier has been identified in six additional customer initiated investment related disputes that concern accusations of his misconduct while employed with Capital Management Company, MSI Financial Services Inc. and MetLife Securities Inc. Specifically, a customer initiated investment related complaint concerning Chevalier’s conduct was settled to resolve allegations that while he was employed by Capital Management Company, the customer’s mutual fund investments had been liquidated without the customer’s knowledge or consent.
Another customer filed an investment related complaint regarding Chevalier’s conduct in which the customer requested unspecified damages based upon accusations that the customer had been placed into aggressive investments contrary to both the customer’s objectives for investing and the instructions that had been communicated to Chevalier. Chevalier is also the subject of a customer initiated investment related complaint where the customer sought more than $5,000.00 in damages founded on allegations that false or misleading statements had been made by Chevalier with regard to variable annuity features.
In addition, Chevalier is referenced in a customer initiated investment related complaint on March 17, 2017 in which the customer requested unspecified damages supported by accusations that the customer’s funds had been stolen, or the customer had been otherwise defrauded on the transactions executed in the customer’s brokerage account in 2017 during the period in which Chevalier was associated with MSI Financial Services Inc. Also, on October 25, 2017, a customer filed an investment related arbitration claim involving Chevalier’s activities where the customer sought unspecified damages based upon allegations of bad investment advice being provided by Chevalier with regard to the use of the customer’s variable annuity funds to finance a life insurance policy.
Chevalier is the subject of yet another customer initiated investment related complaint on February 14, 2019 in which the customer requested damages estimated to exceed $5,000.00 founded on accusations of Chevalier’s annuity exchange recommendations being wholly unsuitable given the loss of valuable features on existing policies and the imposition of hefty surrender charges.
Chevalier’s employment with MSI Financial Services Inc. has been terminated as of March 25, 2017. Between March 25, 2017 and March 11, 2019, Chevalier was associated with MML Investors Services LLC.
