J&M Financial Advisor John Franzino Faces Forgery Complaint

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UBS Advisor Lands mm Investor Complaint

John Franzino, a seasoned financial advisor from Massapequa, New York, faces allegations of misconduct related to insurance sales. According to the Financial Industry Regulatory Authority, Franzino is a broker with Ameritas Investment Company and the proprietor of J&M Financial Services. He has an extensive registration history, which includes his association with NYLife Securities.

Investors’ Allegation against John Franzino

The specific investor complaint lodged against Franzino (CRD# 4734949) is allegedly tied to forgery of about 14 life insurance policies. The aggrieved party claims that there was no signature, consent, or participation in the application process that used his company bank account to cover a portion of the premiums. The investor submitted the complaint in August 2023 with no explicit damage details.

In responding to these allegations, Franzino stated, “he has no recollection of the transactions and cannot confirm who signed the documents.”

Past Industry Experience and Disclosures

John Franzino‘s BrokerCheck report notes that he holds a 19-year tenure in the securities industry. Additional disclosure on his BrokerCheck report suggests his permissible resignation from MML Investors Services. This occurred during an internal review by the firm concerning sales practices issues related to traditional life insurance products. The resignation was filed in October 2021.

Franzino‘s professional journey includes stints with:

– MML Investors Services (Hauppage, New York; 2017-2021)
– MSI Financial Services (Hauppage, New York; 2015-2017)
– NYLife Securities (Melville, New York; 2004-2015)

Franzino has cleared three industry-level exams, namely the Series 6 (Investment Company Products/Variable Contracts Representative Examination), SIE (Securities Industry Essentials Examination), and Series 63 (Uniform Securities Agent State Law Examination). He’s licensed to operate in Florida, New York, North Carolina, and South Carolina.

Help for Suffered Investors

The law firm Haselkorn & Thibaut caters to investors from across the United States in registering complaints against financial advisors and investment firms. If you or anyone nearby has encountered investment losses, do not hesitate to contact us. We provide free and confidential consultation.

You’re never alone in this. Contact us at 1-888-885-7162 or fill out our contact form to have a specialist help guide you through the process.

Disclaimer: The information contained in any post on this website is derived from publicly available sources and is not guaranteed as to accuracy and often involves allegations which may or may not be proven at some point in the future. All posts are believed to be accurate as of the time of original posting, but the accuracy and details are subject to and expected to change over time and which may contain opinions of the author at the time posted.
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