Mutual Fund Losses with Former MSI Financial Services, Inc. Financial Advisor Patrick Rynn
Posted on Wednesday, January 9th, 2019 at 7:36 pm
Erez Law is currently investigating former MSI Financial Services, Inc. financial advisor Patrick Rynn (CRD# 5515919) regarding mutual fund losses. Rynn has been registered with MML Investors Services, LLC in Latham, New York since March 2017 and previously with MSI Financial Services, Inc. in Latham, New York from 2010 to 2017.
Rynn has been the subject of one customer complaint, according to his CRD report:
October 2018. “Allegations The Power of Attorney for the customer alleged that the registered representative exploited the owner’s diminished [REDACTED] capacity to solicit the sale of securities in March of 2018.” The customer is seeking $459,500 in damages and the case is currently pending. This case is 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, MSI Financial Services, Inc. may be liable for investment or other losses suffered by Rynn’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.