Cory Weiser is the Subject of Allegations that He Misrepresented a Variable Annuity Exchange

Cory Weiser (CRD #: 4540398), a broker registered with MML Investors Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 18, 2024. Keep reading if you have questions regarding her alleged conduct. 

Investor Dispute

On January 2, 2024, investors alleged that Cory Weiser misrepresented the variable annuities that he sold to them in 2023 by omitting information about the income benefits they would lose by terminating their existing variable annuities to purchase the new products. 

The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. 

FINRA Rule 2330

FINRA Rule 2330 requires brokers to have a reasonable basis to believe that their recommendation of a variable annuity purchase or exchange will be suitable for investors. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Cory Weiser has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 

She is a registered broker in 23 states and is a registered investment adviser in Florida, New Jersey, and Texas. 

During her 21 years of experience, she has registered with six firms: 

• MML Investors Services (CRD #: 10409) 
• MSI Financial Services (CRD #: 14251) 
• AllianceBernstein Investments (CRD #: 14549) 
• AllianceBernstein L.P. (CRD #: 108477) 
• 1717 Capital Management Company (CRD #: 4082) 
• Edward Jones (CRD #: 250) 

Kurta Law Can Help 

If you have worked with Cory Weiser and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.