There are options for clients of MML Investors Services, LLC broker Lester Hamrick (CRD# 5208155) who suffered investment losses. He has been registered with MML Investors Services, LLC in Tallahassee, Florida, since 2020. He was registered with Securities America Advisors, Inc. in Tallahassee, Florida, from 2019 to 2020, and Securities America, Inc. in Tallahassee, Florida, from 2016 to 2020.
Lester Hamrick Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
January 2025. “The complainants allege that in/or around February 2021, they began investing with their registered representative, and communicated that they wanted preservation of assets, conservative investments, with only moderate risks, but due to an unsuitable investment strategy, involving high risk unsuitable securities, and a costly whole life insurance strategy, they have lost a significant amount of their life savings. The complainants also allege the Firm failed to supervise the registered representative.” The customer is seeking $100,000.01 in damages, and the case is currently pending. The complaint was regarding whole life insurance and exchange traded funds (ETFs).
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 Lester Hamrick’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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