April 2020 -Addison, TX
The FINRA records of Jon M. Reppert , a former stockbroker who was previously registered with Madison Avenue Securities , disclose an $18.3 million 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 December of 2019 a customer of Reppert’s previous employer, MML Investors Services, Inc. , alleges that a variable life insurance policy purchased was misrepresented. The alleged damages are $18,300,000. The case is pending.
Reppert was employed with Madison Avenue Securities 12/2017-12/2018. Prior to that he was employed by Kalos Capital and MML Investors Services, Inc.
Reppert discloses business affiliations with Spectrum Advisors in Addison, TX, and Advisors Excel in Topeka, KS.
If you have questions about an account handled by Jon M. Reppert call for a no charge consultation with an experienced securities attorney .
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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