Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Stauff (Stauff), previously associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stauff recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $500,000.00 on April 27, 2026.
The complainants allege that the rep was involved in a matter in 2024 where he provided the complainants with a referral to a third party, who accepted $500,000 from the complainants to obtain a line of credit for them to make interest payments on whole life insurance policies, but who failed to complete the transaction or return the funds. The complainants further allege that, despite red flags surrounding this third party, the rep recommended they work with him to secure financing.