Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sean Mullen (Mullen), previously associated with Usaa Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mullen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on July 29, 2020.
Due to competing beneficiaries’ claims, the Firm interpled funds from an account of deceased customer [REDACTED] to the Probate Court of Denton County, Texas. Decedent’s son [REDACTED] then counter-claimed that the Firm and Mr. Mullens either did not make a requested beneficiary change to the operative account, or failed to advise decedent that a change was needed because the listed TOD beneficiary had died.