MML Investor Services Ordered to Pay Investors Restitution

Oklahoma Regulators Censured Robert Franden Over Discretionary Trading

FINRA recently announced that MML Investor Services was ordered to pay restitution to investors to resolve an administrative complaint. Here are the details: FINRA found that from January 2013 until March 2017, MML allowed its advisors to steer investors into higher fee funds. The fine concerns customers who had 529 accounts with MML. FINRA previously […]

Hayk Papoyan is Under Investigation by FINRA After Being Fired

A man holds a tower of blocks with the word Rules from falling. Setting clear rule and restrictions. Leadership and discipline. Authoritarianism, tight control framework. Norms and laws in society

Hayk Papoyan (CRD# 4459980) is the subject of a Financial Industry Regulatory Authority investigation into alleged rule violations. This is according to his FINRA BrokerCheck report, a public record accessed on November 27, 2021. Papoyan is not currently registered as a broker or as an investment adviser, but he was most recently registered with MML […]

Blue Ocean Wealth Solution’s Advisor Eric Tom Faces Investor Complaints


Eric Tom (CRD #: 1890823) is facing allegations of unsuitable recommendations, according to his BrokerCheck record, accessed on November 2, 2021.  Tom is the principal of Blue Ocean Wealth Solutions and is also a registered advisor with MML Investors.   Investors: Eric Tom Misrepresented Features of Variable Life Insurance Policy On November 9, 2020, the […]

Investor Settles Case Related to Mark Pearcy’s VUL Recommendation

Estate agent broker reach contract form to client signing agreement

Mark Pearcy (CRD#: 2978026), a broker registered with MML Investors Services, was the subject of an investor dispute involving a Variable Universal Life policy (VUL), according to his BrokerCheck record, accessed on November 2, 2021. More details are provided below. Customer Complaint Over Life Insurance Settled for $100,000 On November 13, 2020, a client alleged that […]