DID KURT MARTIN PETRUCCI CAUSE YOU INVESTMENT LOSSES?
Kurt Petrucci Of MML Investors Services, LLC Has A Customer Complaint For Alleged Broker Misconduct
About Kurt Petrucci of MML Investors Services, LLC?
Kurt Petrucci (CRD #3091334) currently registered with MML Investors Services, LLC in Vero Beach, Florida. His career includes previous registrations with several firms, suggesting a pattern of instability or dissatisfaction. Petrucci is registered in just three U.S. states and territories and has only passed two general industry/product exams and one multi-state securities law exam. His career is marred by both a customer dispute and a regulatory event, reflecting negatively on his professional conduct and adherence to industry standards.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Kurt Petrucci Customer Complaint and Reviews
- Customer Dispute (Pending as of January 2024): The client alleges that Petrucci was involved in the inappropriate sale of variable and fixed annuities, failing to disclose liquidity constraints and surrender penalties. The client also accuses him of offering to facilitate the sale of a business for $30,000, subsequently investing the proceeds into the same annuities, and is now demanding the return of all funds. This complaint is still pending.
Allegations Against Kurt Petrucci
- Unsuitable Investment Recommendations: Petrucci is accused of recommending annuities that were inappropriate for the client’s financial needs, particularly in terms of liquidity and investment goals.
- Misrepresentation and Potential Fraud: The allegations extend to a possible fraudulent scheme involving the sale of the client’s business and the subsequent inappropriate investment of the proceeds.
- Regulatory Violation (Resolved): In a separate past event, Petrucci faced censure by the Maryland Insurance Administration for procedural violations related to insurance forms and improper witness to a signature, which resulted in a $2,500 fine and a concluded case with no further action.
Kurt Petrucci Red Flags & Your Rights As An Investor
Of course, Kurt Petrucci 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 Kurt Petrucci at MML Investors Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Kurt Petrucci 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 Kurt Petrucci
If you have questions about MML Investors Services, LLC and/or Kurt Petrucci 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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