Articles Tagged with MetLife Securities

AdobeStock_41845221-300x212The Financial Industry Regulatory Authority (FINRA) recently barred former MML Investors Services broker Brian Travers from the industry. Mr. Travers was alleged to have engaged in private securities transactions, and FINRA was investigating him for it. Brian Travers also refused to appear for an on-the-record testimony and failed to provide FINRA with testimony in connection with its investigation into potential undisclosed outsides business activities and private securities transactions. MML Investors Services terminated Travers’ employment with the firm in March 2017. The private securities transactions in which Travers is alleged to have participated are also referred to as “selling away” within the industry. This is when a registered broker solicits investments in companies, promissory notes, or other securities that are not pre-approved by his member firm. The broker does this so he does not have to share the commissions he makes with his member firm. His brokerage firm has an obligation and a duty to reasonably supervise its representatives, and, if it does not, and allows the broker to violate FINRA and internal firm rules, the firm may be liable for investment losses on a contingency fee basis. Firms like MML Investors Services are sued in the FINRA arbitration forum.
Brian Michael Travers, according to his public, FINRA BrokerCheck report, available online, was previously registered with MML Investors Services in Melville, New York from September 2007 until June 2009, MetLife Securities in Hauppauge, New York from May 2009 until November 2011, Lincoln Financial Advisors in Syosset, New York from November 2011 until November 2013, and MML Investors Services in Melville from November 2013 until April 2017. He has one regulatory matter against him and an employment separation after allegations. He has been permanently barred from the industry.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), former broker Brian Michael Travers, allegedly and potentially participated in undisclosed outside business activities and private securities transactions while he was associated with MML Investors. This is against securities laws and internal firm rules. Travers did not appear for an on-the-record testimony with FINRA, and therefore, was permanently barred from the industry. According to FINRA public records online, Mr. Travers was previously registered with LH Ross & Company, Metropolitan Life Insurance Company, MetLife Securities, MML Investors Services in Melville, New York from September 2007 until June 2009, Lincoln Financial Advisors and MML in Melville from November 2013 until April 2017. He is not currently registered as a broker within the industry.

AdobeStock_9577728-1-300x200Please call 312-332-4200 today if you suffered investment losses with Roger Dolinger, a former broker with MetLife Securities in Dublin, Ohio. Mr. Dolinger was terminated from his firm for allegedly engaging in selling securities that were not approved by the firm. We are Chicago and Barrington, Illinois-based securities lawyers who represent investors who have lost money with brokers and brokerage firms. We do so on a contingency fee basis only, which means that we only get paid if you recover your losses. The call to us is free with no obligation, so please do not delay. We sue firms like MetLife in the Financial Industry Regulatory Authority (FINRA) arbitration forum. Brokerage firms like MetLife have a responsibility to adequately supervise all of their registered brokers. The firm must take steps to ensure that their brokers follow all securities rules and regulations, and that they do not engage in activities such as selling securities away from the firm. It is in this sense that the firm may be liable for your investment losses. Mr. Dolinger worked at MetLife Securities in Dublin, Ohio from 1982 until December 2015. He filed for bankruptcy in 2009 and has been the subject of two tax liens and one customer complaint.

AdobeStock_77502568-1-300x199According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), John Oldham consented to sanctions that he shared commissions from the sales of alternative investments with an unregistered entity. He allegedly facilitated the sales of the alternative investments totaling more than $4.8 million to customers who were referred to him and shared commissions with the unregistered entity for $240,000. Oldham was previously terminated from his employer for an alleged violation of securities laws. These are against securities laws. Many of these alternative investments come with high costs and have typically underperformed. They are only appropriate for a small amount of investors, and a broker must know that before recommending or selling. If he does not, and the investor loses money, the broker’s firm may be held liable for losses.
Oldham was registered with Thrivent Investment Management, NYLife Securities, MetLife Securities, GF Investment Services, Kalos Capital, Independent Financial Group, NPB Financial Group and Center Street Securities. He is currently not registered with any firm and has been suspended from the industry. If you suffered losses with Mr. Oldham, we may be able to help you recover those losses on a contingency fee basis. To find out how, please call our securities law firm today at 312-332-4200. The call is free with no obligation.

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), James Kolf was accused of making material misrepresentations and omissions in the sale of at least $588,000 in purported securities of FSN Financial Network to twelve firm customers. The securities were not real and Kolf used the funds to pay his business and personal expenses. Between October 2013 and July 2014, Kolf recommended and sold at least $588,000 in securities of FSN Financial Network to twelve firm customers at the interest rate of six percent. These securities did not exist. For this he was barred from the industry.
According to his FINRA online BrokerCheck report, Kolf was registered with John Hancock Mutual Life Insurance Company in Boston, Massachusetts from November 1981 until May 1997, Signator Investors in Madison, Wisconsin from November 1981 until October 2009, New England Securities in Middleton, Wisconsin from September 2009 until January 2015 , MetLife Securities in Middleton from January 2015 until May 2016 and NYLife Securities in Madison from May 2016 until August 2016. He is not licensed and FINRA has permanently barred him from the industry. Please call our securities law firm at 312–332–4200 for a free consultation with an attorney to discuss your options of suing New England Securities for investment losses on a contingency fee basis.

AdobeStock_49363801-1-300x200Did you lose money with Brian Murphy and his firm, Murphy Financial Advisors? If so, please call our Chicago-based law firm at 312-332-4200 to speak to an attorney about your options of recovering your losses. Mr. Murphy was arrested after being accused of stealing nearly $900,000 from a client. Allegedly, the client gave money to Murphy in March 2011 to be invested in mutual funds, but, instead, Murphy spent the money on personal expenses, private school tuition, a car dealer and an attorney. He then allegedly tried to get the client to sign a document stating that the money was given to him as a loan. This is against securities laws.

According to his online FINRA BrokerCheck report, Mr. Murphy was registered with Metropolitan Life Insurance Company in Mount Laurel, New Jersey from December 2006 until July 2007, AXA Advisors in Marlton, New Jersey from January 2008 until February 2008, MetLife Securities in Moorestown, New Jersey from December 2006 until December 2014 and Signator Investors in Yardley, Pennsylvania from July 2015 until July 2016. He has two customer disputes against him, one of which is currently pending.

Did you lose money with Rodger Burskey, a former financial advisor with Voya Financial Advisors? The attorneys at Stoltmann Law Offices are interested in speaking to those investors who may have invested with him or Voya. The firm was responsible for supervising Burskey while he was employed there, and Burksey was terminated from the firm for alleged excessive and unauthorized trading. Excessive and unauthorized trading can result in losses for the customer and large gains for the broker and is against securities laws. Mr. Burskey was terminated from Voya in November 2015.

According to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Mr. Burskey was registered with INA Security Corp, Mutual Service Corporation, Mariner Financial Services, Metropolitan Life Insurance Company, MetLife Securities, USAllianz Securities, and Voya Financial Advisors in Commerce Township, Michigan from November 2006 until November 2015. He has three customer disputes against him. Please call today if you suffered losses with Rodger Burskey and Voya. We may be able to help you.

The Financial Industry Regulatory Authority (FINRA) recently barred James Kolf. Kolf allegedly made material misrepresentations and omissions in the sale of at least $588,000 in purported securities to customers of his member firm. Kolf then used these securities to convert the customer’s funds into funds to pay for his own business and other personal expenses. Kolf allegedly also created and distributed false account statements to his customers, showing their interests in the fake investments, to continue the fraudulent scheme. These are all against securities rules and regulations. Kolf was registered with John Hancock from November 1981 until May 1997, Signator Investors in Madison, Wisconsin from November 1981 until October 2009, New England Securities in Middleton, Wisconsin from September 2009 until January 2015, MetLife Securities in Middleton from January 2015 until May 2016 and NYLife Securities in Madison from May 2016 until August 2016. He is not licensed within the industry and has been permanently barred. Your losses may be recoverable in the FINRA arbitration process on a contingency fee basis. Please call 312-332-4200 to find out how. The call is free with no obligation.

Stoltmann Law Offices is investigating Randall A. Heller, a stock broker who is currently employed by KCD Financial, Inc. Heller is accused of making an unsuitable investment recommendation in a real estate investment trust (REIT). REITs tend to be risky, illiquid investments that are not suitable for all investors. A broker must take into account an investor’s net worth, age, investment sophistication and portfolio objectives before recommending an investment. If he does not, his firm or former firm can be held liable for investment losses for not reasonably supervising its brokers. Please call our Chicago-based law offices today to speak to an attorney about your investment losses to find out how we may be able to help you bring a claim against KCD Financial for Heller losses. The call to us is free. 312-332-4200.

Heller was registered with Waddell & Reed, Pruco Securities, Metropolitan Life Insurance Company, MetLife Securities, The Prudential Insurance Company, Fortis Investors, and Waterstone Financial Group. He is currently registered with KCD Financial in Oak Lawn, Illinois and has been since March 2005. He has one customer dispute against him, which is currently pending.

According to a recent Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority (FINRA), Thomas A. Vigil was accused of impersonating a customer on a call to an insurance company in order to obtain an annuity surrender form, falsifying the same customer’s rollover request form, and forging a second customer’s signature on a change of broker-dealer form. This is against securities rules and regulations. In October 2012, Vigil allegedly called another insurance company and falsely identified himself as a customer to obtain an annuity surrender form. In January 2014, Vigil falsified a rollover form for a customer by whiting out the date on an earlier, validly signed form and writing in the current date. This is also against securities rules and regulations. For this he was fined $7,500 and suspended from the industry for six months.

According to his FINRA online BrokerCheck report, Vigil was registered with Robert W. Baird & Co., Northwestern Mutual Investment Services, Fidelity Investments Institutional Services Co., Metropolitan Life Insurance Co., MetLife Securities in Westboro, Massachusetts from December 2002 until January 2014, Signator Investors in Warwick, Rhode Island from December 2013 until July 2014 and Investors Capital Corp in Saunderstown, Rhode Island from September 2014 until October 2014. He is currently registered with Infinity Financial Services in Saunderstown and has been since October 2014. He has three customer disputes against him.

CNBC
FOX Business
The Wall Street Journal
Bloomberg
CBS
FOX News Channel
USA Today
abc NEWS
DATELINE
npr
Contact Information