Were you the victim of former MML Investors Services, LLC broker Todd Sivak (CRD# 2201246) regarding mutual fund losses? He has been registered with LPL Financial LLC in Oconomowoc, Wisconsin since 2020. Previously, he was registered with MML Investors Services, LLC in Oconomowoc, Wisconsin from 2001 to 2020.
Todd Sivak Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
December 2021. “The complainant alleges that beginning on or around March 2019, their registered representative recommended that they invest all their Roth IRA into one mutual fund, which resulted in a 55% loss. The complainant further states their registered representative knew that they did not want to take any unnecessary risks with their investing..” The case is currently pending. The complaint was regarding mutual fund losses and 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 Todd Sivak’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.