Erez Law is currently investigating MML Investors Services, LLC broker Mark Pearcy (CRD# 2978026) regarding insurance losses due to investment fraud. He has been registered with MML Investors Services, LLC in San Diego, California since 2017.
Mark Pearcy Customer Complaints
He has been the subject of four customer complaints between 2009 and 2020, two of which were denied, according to his CRD report. The most recent complaint is regarding:
November 2020. “The complainant’s allege that the variable universal life policy sold on January 14, 1999 was misrepresented, and the representative said they could expect an annual return of 10%. The policy has since collapsed, even though their annual premiums have been paid for 20 years.” The customer is seeking $554,000 in damages and the case was settled for $100,000. The complaint was regarding insurance and variable universal life losses.
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 Mark Pearcy’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.