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John Richardson Allegedly Failed to Fully Explain Insurance Policy

Nov 14, 2022 Misrepresentation

John Richardson (CRD #: 4914865), a broker registered with MML Investors Services, allegedly omitted information to a client, according to his BrokerCheck record, accessed on October 31, 2022. Read on if you want to know more about his conduct as a broker.

Investor Dispute

On September 18, 2022, an investor alleged that John Richardson failed to explain the required premiums for a variable insurance policy sold to the client in 2014. The dispute was denied by the firm.

However, investors should know that firms don’t need to permit an outside review before denying a dispute. Investors can still seek out FINRA arbitration after a denial and may be able to recover their losses.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulative, deceptive, or otherwise unethical tactics to influence the purchase or sale of securities. Omitting facts related to investments violates this rule.

FINRA Rules 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

John Richardson has passed the following exams:

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

John Richardson is a registered broker in seven states and a registered investment adviser in Tennessee.

He previously worked for Park Avenue Securities (CRD#:46173) and AXA Advisors (CRD#:6627).

Kurta Law Can Help

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

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.