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 (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 […]
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 […]
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 […]
Brooklyn based broker Edgar Kledman is barred by FINRA for refusing to cooperate with probe into private securities dealings.