MML Investors Services

Broker Jihoon Park in MML Investors Services, LLC Firm Has Customer Complaint

February 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jihoon Park (Park), previously associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Park 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 $2,658,000.00 on November 04, 2024.

The complainant alleges that the registered representative, that beginning in/around September 2021, made unsuitable recommendations to invest money from her life insurance and divorce settlement, into crypto currency, and then stole and converted her life savings from those investments. The complainant alleges the Firm is responsible for the wrongful acts of the registered representative.

There are Recent Customer Complaints with Broker Renisha Jackson-rucker in Firm MML Investors Services, LLC

February 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Renisha Jackson-rucker (Jackson-rucker), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Jackson-rucker recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on December 04, 2024.

The complainant alleges that she was never told her Variable Annuity account would be closed, nor was it her understanding that her Variable Annuity would be fully withdrawn, and invested into a Fixed Annuity on/or around December 2, 2024. The complainant says she discussed with her registered representative that she would be guaranteed a 10% minimum in growth per year, and the Variable Annuity would remain open.

Broker Thomas Stiles in MML Investors Services, LLC Firm Has Customer Complaint

February 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Stiles (Stiles), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stiles 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 $895,869.65 on December 14, 2024.

The complainant’s alleged their registered representative sold them Variable Annuities in/and around 2014 and 2019, which were misrepresented, and unsuitable. The complainants also allege that a Whole Life policy was sold, and that too was unsuitable.

Broker Lester Hamrick in MML Investors Services, LLC Firm Has Customer Complaint

February 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lester Hamrick (Hamrick), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hamrick 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 $100,000.01 on January 07, 2025.

The complainants allege that in/or around February 2021, they began investing with their registered representative, and communicated that they wanted preservation of assets, conservative investments, with only moderate risks, but due to an unsuitable investment strategy, involving high risk unsuitable securities, and a costly whole life insurance strategy, they have lost a significant amount of their life savings. The complainants also allege the Firm failed to supervise the registered representative.

Broker James Unger in MML Investors Services, LLC Firm Has Customer Complaint

February 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Unger (Unger), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Unger 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 $5,000.00 on May 05, 2023.

The customer alleged that their variable life insurance policy was misrepresented by the representatives in terms of subaccount returns and premiums being sufficient to fund the policy and the subaccounts being invested into the agreed upon asset allocations throughout the policy’s administration which began in 1999.

There are Recent Customer Complaints with Broker Arkady Milgram in Firm MML Investors Services, LLC

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Arkady Milgram (Milgram), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Milgram recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on December 12, 2024.

The complainant alleges that the Variable Annuity she purchased from the registered representative in/and around June 3, 2014, was unsuitable for her, as it was illiquid, expensive and low performing. The complainant also alleges that Whole Life policies she purchased in/and around December 2008 and August 2010, which were marketed and sold as retirement investments, were misrepresented and unsuitable, given the annual premium costs. The complainant also alleges that the Firm had a fiduciary duty to review the transactions.

There are Recent Customer Complaints with Broker Robert Snider in Firm MML Investors Services, LLC

January 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Snider (Snider), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Snider recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on December 05, 2024.

The complainants allege that, beginning in 2021, the rep <double_quote>twisted<double_quote> their annuities, which they also allege he misrepresented, were not in their best interests and caused them financial harm.

MML Investors Services, LLC Broker Brian Bradley Has Customer Complaint

January 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Bradley (Bradley), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bradley 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 $43,792.00 on December 11, 2024.

The complainant alleges that the fixed annuity that was sold to her in 2019, which was funded by a securities account, was unsuitable and that she was taken advantage of.

Broker Charles Evan Subject to Regulatory and Customer Complaints Over Annuity Practices

April 7, 2020 | by Staff Attorney

According to BrokerCheck records financial advisor Charles Evan (Evan), formerly employed by MML Investors Services, LLC (MML Investors) has been subject to five customer complaints, one regulatory action, and one employment termination for cause during his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), many of the customer complaints against Walker concern allegations over various annuities, insurance, and variable annuity sales practices.

In October 2019 MML Investors terminated Evan alleging inappropriate traditional insurance sales practices. Thereafter, FINRA investigated Evan, and in January 2020, FINRA found that Evan consented to the sanction and findings that he refused to provide documents and information requested by FINRA in connection with allegations concerning inappropriate traditional insurance sales practices.

In March 2020 a client complained that Evan violated the securities laws alleging that after meeting with Evan in 2017, he sold her several variable annuities that were found to be unsuitable for her needs. The customer alleged $157,370 in damages. The claim is currently pending.

In February 2020 a client complained that Evan violated the securities laws alleging that beginning in 2008, Evan made misrepresentations, and provided bad investment advice on the sales of various products, which resulted in a financial loss. The claim is currently pending.

Advisor Timothy Johnson Accused of Diverting Client Funds – Recovery Options

December 7, 2019 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that advisor Timothy Johnson (Johnson) was discharged by his employer after being accused of diverting client funds. According to BrokerCheck records, Johnson is formerly registered with The Financial Industry Regulatory Authority (FINRA) member firm MML Investors Services, LLC (MML). In addition, Johnson disclosed one regulatory complaint. If you have been a victim of Johnson’s alleged misconduct our firm may be able to assist you in recovering funds.

In July 2019 MML discharged Johnson after alleging that he was terminated in connection with an investigation into the registered representative’s diversion of customer funds for his own use.

In September 2019 FINRA filed a regulatory action alleging that Johnson consented to the sanction and findings that he failed to provide documents and information requested by FINRA during the course of an investigation into the allegations made concerning his termination. FINRA’s suspension will automatically become a bar if Johnson fails to respond.