Joseph Colombo Subject to Illinois Regulatory Action

Joseph Colombo (CRD #: 1188143), a broker registered with MML Investors Services, is involved in a pending state regulatory action, according to his BrokerCheck record, accessed on April 19, 2023. If you have questions about his alleged conduct as a broker, read on.

Illinois Regulatory Action

On February 27, 2023, the Illinois Department of Insurance alleged that Joseph Colombo provided an incorrect answer on his producer license application, in violation of Section 500-70(a)(1) and (3) of the Illinois Insurance Code. This action is currently pending.

Illinois Insurance Code

Sections 500-70(a)(1) and (3) of the Illinois Insurance Code allow the Director of the Department of Insurance to deny, revoke, or refuse to renew an insurance producer’s license or impose other sanctions if a producer is found to have:

• Provided materially untrue, misleading, or incomplete information on a license application
• Obtained or attempted to obtain a license through misrepresentation or fraud

FINRA Rule 2010

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

Background Information

Joseph Colombo has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• Series 52TO – Municipal Securities Representative Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 53 – Municipal Securities Principal Examination
• Series 24 – General Securities Principal Examination

Joseph Colombo is a registered broker in Florida, New York, and North Carolina.

He has also worked for the following firms:

• NYLIFE Securities (CRD#:5167)
• Eagle Strategies (CRD#:110826)
• MetLife Securities (CRD#:14251)
• AXA Advisors (CRD#:6627)
• The Equitable Life Assurance Society of the United States (CRD#:4039)
• BrokersTrust Clearing Corporation (CRD#:7429)

Kurta Law Can Help

If you worked with Joseph Colombo 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.