How to Bring a Claim Against MML Investors Services, LLC Broker Michael Nigro
Posted on Tuesday, February 16th, 2021 at 6:18 pm
Erez Law is interested in speaking with investors who may have suffered losses due to investments with MML Investors Services, LLC LLC broker Michael Nigro (CRD# 2097646). Nigro has been registered with MML Investors Services, LLC in New York, New York since 1998.
Nigro has been the subject of five customer complaints between 2002 and 2020, three of which were denied, according to his CRD report. The most recent complaint is regarding:
December 2020. “The customers alleged that the representative misrepresented investment returns as guaranteed and made a poor recommendation to invest the majority of their retirement assets in a single mutual fund beginning in February of 2019.” The customer is seeking $226,000 in damages and the case is currently pending. The complaint was regarding mutual funds.
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 Nigro 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.