Thomas John Leone; MML Investors Services; Farmington, Connecticut

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Thomas John Leone allegedly submitted a life insurance application on behalf of a customer without her authorization. He also allegedly forged the customer’s signature on application documents. This caused premium payments to be debited from a bank account belonging to the customer’s husband without his authorization, after falsifying a pre-signed payment authorization form. This is against securities rules and regulations. This caused Mr. Leone to be fined $5,000 and suspended from the industry for 12 months. Please call our securities law firm today to speak to one of our attorneys about your options of bringing a claim against Leone’s former firm, MML Investors Services. The firm may be liable for your losses because it did not reasonably supervise him.

According to his online FINRA BrokerCheck report, Mr. Leone was registered with John Hancock Mutual Life Insurance Company in Boston, Massachusetts, John Hancock Distributors in Boston from March 1984 until November 1990, Chris Securities from December 1990 until August 1991, G.R. Phelps & Co. from October 1991 until March 1996 and MML Investors Services in Farmington, Connecticut from March 1996 until June 2016. He has one customer dispute against him and is not licensed within the industry.

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