Were you the victim of MML Investors Services, LLC broker Martin Mcalpin (CRD# 1607538)? He has been registered with MML Investors Services, LLC in Minneapolis, Minnesota, since 2013.
In August 1989, the State of Minnesota Commissioner of Commerce suspended him for three weeks following allegations that he “violated Minn. Stat. by acting in the capacity of a Minnesota licensed life/health agent without renewing his Minnesota agent license.”
In June 2001, the State of Wisconsin Office of the Commissioner of Insurance denied his registration after he “indicated “No” in answer to the question on the application regarding administrative action taken in any state while a previous administrative action was taken by the State of Minnesota.”
In January 2017, the Department of Financial Services State of New York sanctioned him to pay a $750 civil and administrative penalty and fine after it was found that he “submitted incorrect information on his insurance license application to the New York State Department of Financial Services and failing to report two prior administrative actions settled by the rep with the State of Minnesota in 1989 for practicing without a license and with the State of Wisconsin in 2001 for failing to report the Minnesota action.”
Martin Mcalpin Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
June 2026. “The complainants allege that the rep was involved in a matter in 2024 where a premium financing referral was made to a third party, who accepted $500,000 from the complainants to obtain a line of credit for them to make interest payments on whole life insurance policies, but who failed to complete the transaction or return the funds. The complainants further allege that the rep failed to inquire into red flags surrounding the transaction.” The case is currently pending. The complaint was regarding insurance 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 Martin Mcalpin’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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