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Amanda Berry Accused of Misusing Investor Funds

Mar 7, 2022 Barred Broker

Amanda Berry (CRD #: 5651609), a broker formerly registered with MML Investors, is involved in an investor dispute, according to her BrokerCheck record, accessed on February 14, 2022.

Amanda Berry was barred by FINRA, starting July 6, 2021. Amanda Berry allegedly failed to request termination of her suspension within three months of the suspension date. FINRA alleged that she failed to respond to a FINRA request for information. FINRA Rule 9552 requires brokers to respond to requests for information.

Investor Disputes

On January 5, 2022, an investor alleged that Amanda Berry and her spouse misused money withdrawn from a fixed annuity. The dispute is pending.

On December 15, 2021, investors alleged that they wrote checks to their registered representatives believing that the money would be invested. They allegedly later learned that the money was deposited into a checking account controlled by the registered representative and their spouse. The investors sought $72,478.53; the dispute settled for that exact amount.

On October 30, 2020, an investor alleged that Amanda Berry made material misrepresentations about their account for the purpose of persuading the investor to move their funds to an account owned by the stockbroker and her husband. They further alleged that she replaced the investor’s life insurance policy without proper disclosure and created fake bank statements for the purposes of deceiving the investor’s mortgage company. The investor sought $173,088.23; the dispute settled for $131,607.39.

Employment Termination

MML Investors Services fired her following allegations of undisclosed outside business activities involving the comingling of investor funds in an account controlled by Amanda Berry.

Outside Business Activities

FINRA Rule 3270 prohibits investors from having undisclosed outside business activities. Amanda Berry has the following outside businesses listed on her detailed BrokerCheck record.

  • VanO Real Estate Holdings
  • Friends of NEW Classen
  • Amanda Berry — NonMMLIA Insurance Broker
  • VanO Wholesale LLC — Retail Sales
  • Mary Kay — Makeup Sales

She has also worked with the following firms:

  • MML Investors (CRD #: 10409)
  • NYLife Securities (CRD #: 5167)

Kurta Law Can Help

If you have worked with Amanda Berry and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated on behalf of investors who have lost money following broker fraud or misconduct. Kurta Law is a nationally recognized law firm and exclusively represents investors on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Our attorneys will work tirelessly to restore your lost funds and get your financial future back on track.