DID DAVID R STEPHENS CAUSE YOU INVESTMENT LOSSES?
About David Stephens Formerly With MML Investors Services, LLC?
David Stephens (CRD #4631818) has an extensive background in the financial services industry, previously registered with several firms, including MML Investors Services, LLC, Park Avenue Securities LLC, and Royal Alliance Associates, Inc. His career spans from April 2003 to May 2024, illustrating a long tenure across various respected institutions. He is licensed in multiple states, reflecting his wide geographic reach and compliance with diverse state regulations. Stephens has passed two general industry/product exams and two state securities law exams, showcasing his broad knowledge and qualifications in financial advising.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
David Stephens Customer Complaints and Reviews
David R. Stephens has several significant disclosures:
- Customer Disputes:
- Dispute 1 (Closed-No Action): A customer filed a complaint on April 12, 2024, alleging that Renewable Energy Credits were misrepresented as tax-saving investments. The client claimed financial harm due to reliance on Stephens’s advice. The dispute was closed with no action taken by May 14, 2024, as the firm could not confirm damages exceeding $5,000.
Allegations Against David Stephens
- Misrepresentation: The primary complaint involves allegations against Stephens for reportedly misrepresenting the benefits of Renewable Energy Credits, which the client believed would offer significant tax savings. The customer felt that Stephens’s guidance was misleading, leading to financial losses. Despite the severity of the allegations, the case was closed without any action, indicating that the firm did not find sufficient evidence to support the client’s claims.
David Stephens Red Flags & Your Rights As An Investor
Of course, David Stephens did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of David Stephens at MML Investors Services, LLC on alert to review carefully the activity and performance of their accounts and question whether David Stephens has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at MML Investors Services, LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At MML Investors Services, LLC Due To David Stephens
If you have questions about MML Investors Services, LLC and/or David Stephens and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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