Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Arkady Milgram (Milgram), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Milgram recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on December 12, 2024.
The complainant alleges that the Variable Annuity she purchased from the registered representative in/and around June 3, 2014, was unsuitable for her, as it was illiquid, expensive and low performing. The complainant also alleges that Whole Life policies she purchased in/and around December 2008 and August 2010, which were marketed and sold as retirement investments, were misrepresented and unsuitable, given the annual premium costs. The complainant also alleges that the Firm had a fiduciary duty to review the transactions.
