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MML Investors Services Fined $125K By FINRA–Failed to Supervise Brokers

MML Investors Services Fined $125K By FINRA–Failed to Supervise Brokers

MML Investors Services Fined $125K By FINRA–Failed to Supervise Brokers 150 150 Robert H. Rex

by Robert H. Rex, Esq. 
The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA’s chief role is to protect investors by maintaining the fairness of the U.S. capital markets.

All stockbrokers and broker dealers (brokerage firms) are required to be licensed by and subject to the rules and regulations of FINRA. Each month FINRA publishes disciplinary actions against brokers and broker dealers. Discipline can range from monetary fines and suspensions, or in extreme cases, revocation of licensing and a bar from the securities industry. 

See the FINRA website for current and historical disciplinary actions as well as the complete FINRA report on MML Investors Services, Inc.


October 2013

MML Investors Services, Inc. , was fined $125,000 and censured by FINRA for failing to supervise brokers who sold unapproved private securities to customers of the firm. In addition they were required to pay restitution to injured customers in the amount of $784,847. The findings stated that the brokers sold unapproved promissory notes to investors.  FINRA Case # 2009017118601. For the complete report visit the FINRA disciplinary website and follow the October 2013 link. 


If you have questions about investment losses or the way your brokerage account has been handled, please contact us to discuss your legal rights. 

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Rex Securities Law

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