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John Kashmanian Involved in a Variable Annuity Dispute

John Kashmanian (CRD #: 6163778), a broker registered with MML Investors Services, is facing an investor dispute. This is according to his BrokerCheck record, accessed on November 27, 2023. Keep reading if you have questions. 

On September 28, 2023, an investor alleged that John Kashmanian misrepresented a variable annuity. The investor alleged that he stated that the annuity could not lose money and would not have any fees. The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration.


FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

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. 

Background Information 

John Kashmanian has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 18 states and is a registered investment adviser in Rhode Island and Texas. 

In his seven years of experience, he has registered with two firms: MML Investors Services (CRD #: 10409) and MSI Financial Services (CRD #: 14251). 

Kurta Law Can Help 

If you have worked with John Kashmanian and have concerns about your investments, don’t hesitate to contact us today 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.