Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Velez (Velez), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Velez recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $32,000.00 on July 13, 2023.
Customer alleged the Representative misrepresented a variable universal life insurance policy as an investment and alleged the policy was not suitable for the customer because of the premium obligations.