Investment Losses Caused by MetLife Securities, Inc
Recover Your Losses with Our Securities Fraud Lawyers
MetLife Securities, Inc. is a licensed broker-dealer subsidiary of MetLife.
MetLife, founded in 1868, is the largest life insurer in the United States.
MetLife Securities was established in 1983 and provides investment, brokerage
and advisory account services. Registered in all 50 states and Puerto
Rico, MetLife Securities primarily serves high-net worth families, business
owners and professionals. MetLife Securities is located in New York City.
A securities brokerage firm licensed by FINRA, MetLife Securities, 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 losses.
MetLife Securities, Inc Investment Fraud and Misconduct
MetLife Securities does have financial misconduct in its history and the
history of some of its brokers. For example, some years back
the brokerage firm was fined $5 million by the NASD (now a part of FINRA) for providing false and misleading information.
This inaccurate and misleading information was not given directly to investors,
but rather to NASD. According to this complaint, three MetLife Securities
firms (New York, New England and St. Louis) lied to NASD to cover their
late trading, late email correspondences and various other conduct in
violation of NASD regulations.
Just a few months later,
NASD fined MetLife $500,000 over supervisory violations in college savings plan sales. MetLife Securities'
New York firm was not only fined, but required by the NASD to pay back
customers for their losses caused by those supervisory failures. This
is a prime example of brokerage firms that offer
unsuitable investments, investments that benefit the broker and firm but that can
disadvantage the investor.
In 2009, FINRA fined MetLife Securities and three of its affiliate firms
$1.2 million for
email supervision failures. At the time FINRA issued the fine, there was an ongoing investigation
into possible MetLife Securities broker misconduct.
Failure to supervise, in these instances, allowed MetLife brokers to go undetected while conducting
private securities transactions.
Retain an Aggressive Investment Fraud Attorney
Meyer Wilson’s securities litigation attorneys practice solely in
the field of investment fraud, so we have the resources and well-honed
skilled required for recovering losses from MetLife and other large investment
firms. Investment loss lawyers from our firm conduct claims against MetLife
in federal courts and state courts nationwide, but are also experienced
with arbitration with FINRA, AAA, and private arbitration. Meyer Wilson
can even represent international clients with claims against U.S.-based
brokerage firms. Our experience and skills have allowed us to recover
hundreds of millions of dollars on behalf of victims of securities fraud.
If you have lost $75,000 or more in assets due to the negligence of MetLife
brokers, you may be able to reclaim your losses. Contact Meyer Wilson
by phone or by
completing our online form to let us determine your options.