DID PATRICK RALPH PILLA CAUSE YOU INVESTMENT LOSSES?
About Patrick Pilla Of MML Investors Services, LLC?
Patrick Pilla (CRD #4801226) is currently registered with MML Investors Services, LLC in Tarrytown, New York, where he has been employed since March 25, 2017. His registration history includes previous positions at MSI Financial Services, Inc., and David Lerner Associates, Inc. Pilla is registered with one Self-Regulatory Organization (SRO) and is licensed in 12 U.S. states and territories. He has passed two general industry/product exams—the Securities Industry Essentials Examination and the General Securities Representative Examination—and two multi-state securities law exams. His extensive licensing and consistent registrations suggest a committed career in the securities industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Patrick Pilla Customer Complaints and Reviews
Patrick Ralph Pilla has the following negative disclosures:
- Customer Dispute (1 incident): There was one customer dispute filed against Pilla while he was employed at David Lerner Associates, Inc. The complaint, which involved allegations of unsuitability regarding mutual funds and real estate securities, was filed with a claim for damages of $101,000. This case went to FINRA Arbitration but was closed with no action taken against Pilla.
- Judgment/Lien (1 incident): A tax lien was filed against Pilla by the IRS on July 29, 2019, for an amount of $26,354.78. This lien pertains to tax years 2014 through 2017 and remains outstanding.
Allegations Against Patrick Pilla
- Unsuitability: The allegation of unsuitability filed against Pilla claimed that he recommended investments in mutual funds and real estate securities that were not suitable for the client, leading to significant financial loss. This dispute reached FINRA Arbitration but concluded without any action against Pilla, indicating that the claim was not substantiated sufficiently to warrant any penalties or corrective actions.
- Financial Mismanagement: The outstanding IRS tax lien suggests issues with personal financial management concerning tax obligations for multiple years. This kind of financial disclosure can impact a broker’s reputation and raise concerns about their overall financial responsibility.
Patrick Pilla Red Flags & Your Rights As An Investor
Of course, Patrick Pilla 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 Patrick Pilla at MML Investors Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Patrick Pilla 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 Patrick Pilla
If you have questions about MML Investors Services, LLC and/or Patrick Pilla 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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