Erez Law is currently investigating MML Investors Services, LLC broker Claudio Neto (CRD# 5752180) related to misleading information that led to investment losses. He has been registered with MML Investors Services, LLC in Orlando, Florida, since 2019. Previously, he was registered with Northwestern Mutual Investment Services, LLC in Orlando, Florida, from 2013 to 2019.
Claudio Neto Customer Complaints
He has been the subject of three customer complaints between 2018 and 2022, one of which was closed without action, according to his CRD report:
November 2022. “The complainant alleges that he was misled, and the investment strategy failed, and the advice and recommendations caused unnecessary loss and expenses.” The case is currently pending. The case was settled for $79,708.46. The complaint was related to insurance and mutual fund investment losses, and it took place while he was registered with MML Investors Services, LLC.
January 2020. “Customer alleged representative misled him about the premium amount that the customer would be required to pay for the non-variable life insurance policy. Funds to pay the premiums for the non-variable policy came from the customer’s investment account with Northwestern Mutual Investment Services LLC.” The case was settled for $79,708.46. The complaint was related to insurance and mutual fund investment losses, and it took place while he was registered with Northwestern Mutual Investment Services, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, MML Investors Services, LLC may be liable for investment or other losses suffered by Claudio Neto’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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