DID KULDEEP SINGH MADAN CAUSE YOU INVESTMENT LOSSES?
About Kuldeep Madan of MML Investors Services, LLC?
Kuldeep Madan (CRD #6114646) , located in Melville, New York, is currently registered with MML Investors Services, LLC, where he has been employed since October 2016. Previously, he worked with NYLIFE Securities LLC from July 2013 to July 2016. Mr. Madan also engages in several outside business activities, including consulting and insurance sales. He holds registrations in 25 U.S. states and is associated with one self-regulatory organization (SRO). Over his career, Mr. Madan has passed one principal/supervisory exam, three general industry/product exams, and one multi-state securities law exam, showcasing his foundational qualifications.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Kuldeep Madan Customer Complaints and Reviews
Madan has one pending customer dispute in state court:
- Complaint filed October 2, 2024: Plaintiffs allege that beginning in 2022, Madan, along with his firm, misrepresented risks and benefits when inducing them to purchase life insurance policies with a total death benefit exceeding $17 million. The plaintiffs claim that the misrepresentations extended to establishing an investment portfolio as collateral for financing these premiums, resulting in financial harm.
- Damages Sought: Over $1,000,000.
- Status: The case is currently pending in the Superior Court of New Jersey, Somerset County, filed under Case #SOM-L-001311-24.
Allegations Against Kuldeep Madan
- Misrepresentation of Life Insurance Policy Benefits:
- High-Value Policies: Plaintiffs allege that Mr. Madan induced them into purchasing life insurance policies with substantial death benefits, reportedly exceeding $17 million, by misrepresenting the associated risks and benefits.
- Premium Financing and Collateral Use: The complaint includes claims that Mr. Madan set up an investment portfolio account as collateral, which allegedly contributed to the clients’ financial harm.
- Legal Status: The case is being litigated in the Superior Court of New Jersey, with damages sought exceeding $1 million, indicating serious client concerns regarding the suitability and advisability of investments.
Kuldeep Madan Red Flags & Your Rights As An Investor
Of course, Kuldeep Madan 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 Kuldeep Madan at MML Investors Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Kuldeep Madan 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 firm’s 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 Kuldeep Madan
If you have questions about MML Investors Services, LLC and/or Kuldeep Madan 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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