MML Investors Services, Inc. Investment Losses
Recover your losses caused by MML Investors Services!
Founded in 1981, MML Investors Services, Inc. is a broker-dealer and registered
investment advisor that offers such products and services as
mutual funds, variable life insurance and annuities, financial planning, brokerage
accounts, portfolio management, and securities products. The company is
based in Springfield, Massachusetts and operates as a subsidiary of MassMutual
A securities brokerage firm licensed by FINRA, MML Investors Services,
Inc. has a legal duty to supervise its brokers and its brokers' recommendations
to clients to ensure compliance with and prevent violations of the rules
of the security industry. When an individual broker is negligent or acts
in an unlawful manner against the interests of the client and that client
suffers damages as a result of such wrongdoing, the firm may be held liable
for the investor's losses.
MML Investors Services & Broker Misconduct Claims
In 2004, NASD fined MML Investors Services and 28 other investment firms more than $9.2 million
for reporting violations. According to this regulatory action, MML and
various other firms were fined for failure to disclose reportable information
in a timely manner. The late reporting specifically involved information
about MML Investors Services brokers, such as customer complaints about
those brokers and prior record of misconduct (criminal charges, convictions,
and other regulatory actions).
One of the largest actions against MML Investors Services was brought by
NASD in June 2007. MML and three other investment firms violated securities
laws relating to mutual fund sales. MML Investors Services was
fined $473,000 specifically for violating sales laws for Class B and Class C shares.
MML agreed to set up a remediation fund to reimburse various investors
who suffered financial losses caused by the firm's improper mutual
Stockbrokers and the investment firms they work for are responsible for
acting in the best interests of their investors, but unfortunately, this
is not always the case. Brokers and their firms can participate in various
types of misconduct for their benefit at the expense of their investors.
When broker firms like MML Investors Services fail to release information
about their brokers that investors need to know to protect themselves
against potential fraud, fail to impose adequate
supervisory systems or intentionally make improper and
unsuitable investment recommendations, investors can take action.
Contact Our Experienced Securities Fraud & Arbitration Attorneys
Investment loss lawyers at Meyer Wilson have the skills and resources you
need to pursue claims against MML Investor Services. Our firm’s
sole purpose is to reclaim lost assets from investment firms on behalf
of victims of fraud—our single-minded focus has honed our experience
into an effective tool against all forms of securities fraud. Our firm’s
attorneys are prepared to conduct investigations and claims in courts
at both state and federal levels nationwide, as well as in arbitration
with financial entities such as FINRA and AAA. We also conduct private
arbitration, and even represent international clients against FINRA-licensed
U.S. brokerage firms.
Let Meyer Wilson help you determine your options. Reach out to us for a
case consultation, at absolutely no cost to you.