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James Vavonese is the Subject of a Variable Annuity and Mutual Fund Dispute

James Vavonese (CRD #: 541110), a broker registered with MML Investors Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on February 16, 2024. Keep reading if you have questions regarding this dispute. 

On December 18, 2023, an investor alleged that James Vavonese was not working in his best interest regarding a variable annuity and mutual fund that he recommended. He also allegedly offered his customer poor financial advice. The dispute was denied, but investors should know that firms can deny disputes without an external review. Investors may be able to recover their losses after a denial by pursuing FINRA arbitration

What is a Variable Annuity? 

Variable annuities are complex investments. They are insurance products that come with an investment component. The associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. Furthermore, the risk associated with this type of illiquid investment makes it unsuitable for many investors. 

What is a Mutual Fund? 

A mutual fund is a portfolio of investments that allows investors to pool their wealth. They can be passively or actively managed. Brokers may earn a large commission from these funds, making them frequent objects of fraudulent trading practices. 

Background Information 

James Vavonese has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 
  • Series 24 General Securities Principal Examination 

He is a registered broker in 12 states and is a registered investment adviser in New York. 

Besides MML Investors (CRD #: 10409), James Vavonese has registered with HSBC Securities (USA) (CRD #: 19585). 

Kurta Law Can Help 

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