Richard Mukomela Investigation
November 2021-Plymouth, MN
According to publicly available records Richard Duane Mukomela, (CRD# 4370556), a broker with MML Investors Services, discloses a settled customer dispute and a pending customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 5/2011, an AXA Advisors customer alleged that he was misled by Mukomela in connection with the purchase of a variable life insurance policy. The case settled for $305,443.
In 4/2021, in FINRA case #21-00931 a customer of MSI Financial Services alleges that they were solicited by Mukomela to invest in a REIT and were told that it was a solid, asset backed investment that would pay consistent income with principal protection. They since learned that income is no longer being paid, which has caused them to be financially damages. They are seeking $100,000.
Mukomela has been employed by MML Investors Services since 5/2017. Before that time he was with MSI Financial Services from 2/2014 to 3/2017,
If you have suffered losses in an account handled by Richard Mukomela, contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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