Eric Reed is the Subject of a VUL Dispute

Eric Reed (CRD #: 6348433), a broker registered with MML Investors Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 28, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On February 1, 2024, a trustee alleged that Eric Reed did not present any options other than the five recommended variable universal life insurance policies.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failing to present other options besides VULs may violate this rule. 

VULs

Variable Universal Life insurance policies (VULs) have two major features: a tax-free death benefit for beneficiaries and the investment of investors’ premiums. Because the value of a VUL policy depends on the performance of these investments, it’s not guaranteed to increase in value over time. Additionally, you’ll lose a VUL’s tax benefits if it lapses.

Background Information 

Eric Reed 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 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in 12 states and is a registered investment adviser in Oklahoma and Texas. 

During his eight years of experience, he has registered with two firms: MML Investors Services (CRD #: 10409) and MML Investors Services (CRD #: 10409). 

Kurta Law Can Help 

If you have worked with Eric Reed and 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.