Articles Tagged with Northwestern Mutual Investment Services

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

FINRA BrokerCheck shows a settled customer complaint on April 22, 2022.

Claimant alleges the RR recommended an unsuitable Oil & Gas investment.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Kantar (Kantar), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kantar 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 $5,000.00 on May 27, 2022.

Customers alleged misrepresentation of their variable income payment plan contracts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Kantar (Kantar), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kantar 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 $5,000.00 on May 27, 2022.

Customers alleged misrepresentation of their variable income payment plan contracts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Monica Sinha (Sinha), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Sinha 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 $167,074.88 on June 03, 2022.

Customer alleges that in or around September 2021, the Representative recommended an unsuitable investment strategy in their advisory account.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Blake Martin (Martin), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Martin 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 $5,000.00 on July 07, 2022.

Customer alleged that in or around January 2022, at the recommendation of the Representative, the customer surrendered existing life insurance policies to purchase a new Northwestern Mutual fixed life insurance policy, and further alleged that this recommendation was not suitable for his needs. The new Northwestern Mutual life insurance policy was purchased with surrender proceeds solely from a non-Northwestern Mutual variable life insurance policy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cody Smith (Smith), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Smith 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 $5,000.00 on August 02, 2022.

Customer alleges that in or around April 2021, the Representative failed during the sales process to provide him with a satisfactory understanding of the variable universal life insurance policy purchased. Customer believed he was purchasing an investment that  that he could pull his funds from at any time and alleges he was not  aware of charges associated with the policy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Davis (Davis), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Davis 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 $294,496.00 on August 06, 2025.

Customers allege that in or around March 2021, the Representative did not have the customers’ best interest in mind when he recommended unsuitiable variable universal life insurance policies and that the Representative misrepresented the policies as investments.

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

FINRA BrokerCheck shows a settled customer complaint on August 05, 2025.

Customer alleged that the Representative misrepresented the terms of a variable universal life insurance policy that was issued in May 2024, including the frequency of premium payments and policy loan provisions. Customer further alleged that he did not authorize a policy loan that was taken from a different variable universal life insurance policy purchased in 2022 and was misled by the Representative to believe that the funds the customer received were a refund for an overpayment made related to the policy issued in May 2024, when in fact the funds were proceeds from the policy loan from the 2022 policy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Foti Kanos (Kanos), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kanos 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 $400,000.00 on April 04, 2023.

Claimant alleges that a recommendation to surrender a variable annuity to purchase a fixed annuity was not suitable based on the disputed claims that there were withdrawal penalties and that the future payments from the variable annuity would have been greater than the fixed annuity. Claimant further alleges that two other fixed annuities that Claimant purchased were not suitable for the Claimant’s investment needs due to a deferred income payment start date that resulted in a lack of current income. Claimant also alleges the recommendations resulted in excessive commissions.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rajesh Shah (Shah), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shah 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 $5,000.00 on April 06, 2023.

Customers alleged the sales process for the life insurance policies did not address their financial needs and goals.

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