Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Shaughnessy (Shaughnessy), previously associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shaughnessy recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on February 05, 2025.
The complainant alleges that the Annuity she purchased in/and around April 2020, was misrepresented by her registered representative, and told her the annuity would never earn less, and would only go up in value. The complainant also states that there was never any mention of a minimum percentage and was expecting to earn 15-20%.
