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David Gibbs Terminated by MML Investors Services

David Gibbs (CRD #: 2917334) was fired by MML Investors Services following allegations. This disclosure appears on his BrokerCheck record, accessed on October 6, 2023. Details concerning the allegations are provided below. 

On August 31, 2023, MML Investors Services fired David Gibbs following allegations that he violated firm policy with respect to obtaining a loan from a customer. Brokers are generally not allowed to borrow money from investors unless the firm allows it and as long as the loan conforms to criteria set forth by FINRA Rule 3240. 

FINRA Rule 3240

FINRA Rule 3240 describes the limited circumstances under which brokers may borrow from or lend to clients, such as loans between immediate family members.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 3240 and firm policies may also violate this rule. 

Liens

There are four tax liens and one civil lien on David Gibbs’ record. 

Background Information 

David Gibbs has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He has registered with the following firms: 

  • MML Investors Services (CRD #: 10409) 
  • MSI Finacial Services (CRD #: 14251) 
  • New England Securities (CRD #: 615) 

Kurta Law Can Help

If you worked with David Gibbs and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

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