Can you recover losses due to recommendations by MML Investors Services, LLC broker Suldeep Madan (CRD# 6114646)? He has been registered with MML Investors Services, LLC in Long Island City, New York, since 2016. He was registered with NYLife Securities LLC in Oklahoma City, Oklahoma, from 2013 to 2016.
Suldeep Madan Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
October 2024. “The Plaintiffs allege that, beginning in 2022, the producer acted in concert with the Firm to induce the Plaintiffs into purchasing life insurance policies with death benefits exceeding seventeen million dollars by making misrepresentations regarding the risks and benefits of these policies and the associated premium financing. It is further alleged that this included the opening of an investment portfolio account to serve as collateral for the premium financing, and resulted in financial harm to the Plaintiffs.” The customer is seeking $1,000,000 in damages, and the case is currently pending. The complaint was regarding mutual funds, insurance, and managed account losses, and it took place while he was registered with MML Investors 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 Suldeep Madan’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.
"*" indicates required fields
