Adam Mahd is the Subject of a Six-Figure Dispute

Adam Mahd (CRD #: 4817500), a broker registered with MML Investors, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 26, 2024. Investors may have engaged his services through MassMutual Great Lakes. 

Investor Allegations 

On February 26, 2024, an investor alleged that Adam Mahd invested in volatile foreign companies and high-risk stocks. These investments were allegedly unsuitable and not in the investor’s best interest. 

The investor is seeking $200,000.01. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.)

Background Information 

Adam Mahd has passed the following exams: 

• Series 66 – Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in eight states. 

Adam Mahd has registered with the following firms: 

• MML Investors Services (CRD: 10409) 
• MSI Financial (CRD #: 14251) 
• New England Securities (CRD #: 615) 
• AXA Advisors (CRD #: 6627) 

Kurta Law Can Help 

If you have worked with Adam Mahd and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.