Hold onto your hats, folks! We’ve got a whopper of a story to share with you today. It’s about a serious allegation that’s been made against a registered representative, and it’s one that’s causing quite a stir. So, what’s the beef, you ask? Well, let’s dive right in, shall we?
The Allegation Explained
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Amanda Matthews, a broker with MML INVESTORS SERVICES, LLC, has found herself in hot water. A customer dispute has been filed against her, alleging that she failed to act in the best interest of her client. The complaint centers around a variable annuity that was sold to the complainant around December 12, 2022. As a result, the complainant asserts that they’ve been hit with a hefty tax liability and have missed out on potential investment gains to offset this liability. The cost? A cool $11,653.
Red Flags of Investment Fraud
This case brings to light some critical red flags of investment fraud that every investor should be aware of. For one, if your advisor is pushing you towards an investment that you don’t fully understand, like a variable annuity, that’s a major warning sign. Transparency is key in any financial relationship.
Another red flag is if your advisor isn’t acting in your best interest. For instance, if they’re selling you a product that results in a large tax liability without explaining the potential consequences, they may not have your financial wellbeing at heart.
Lastly, if your investment isn’t yielding the promised returns, it could be a sign that something’s amiss. In this case, the complainant alleges that they missed out on investment gains due to the advisor’s actions.
How Can You Protect Yourself?
Now that we’ve laid out the “what” and “why”, let’s tackle the “who” and “how”. The good news is, there are experts out there who can help you navigate these choppy waters. One such firm is Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas.
With over 50 years of experience and a staggering 98% success rate, they’ve successfully recovered financial losses for countless investors. And the cherry on top? They operate on a “No Recovery, No Fee” policy. This means that you won’t have to pay a dime unless they’re able to recover your losses.
Haselkorn & Thibaut is currently investigating the advisor and company involved in this case and is offering a free consultation to clients. You can reach them at 1-800-856-3352.
Don’t Forget About FINRA Arbitration
In addition to seeking legal help, you can also turn to FINRA Arbitration. This process can help investors recover losses and is a viable option to consider.
In a nutshell, this case serves as a stark reminder of the importance of vigilance in investment matters. And remember, if something smells fishy, don’t hesitate to reach out to experts like Haselkorn & Thibaut for guidance. After all, it’s your hard-earned money we’re talking about here.
