Investors Allege Kevin Canfield Failed to Advise About Variable Annuity Rider

Kevin Canfield (CRD #: 2286759), a broker registered with MML Investors Services, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on June 25, 2025. Read on if you have questions about his alleged conduct as a broker.

Investor Disputes

On May 2, 2025, multiple investors filed a dispute alleging that Kevin Canfield failed to advise the owner of a variable annuity to activate its guaranteed minimum income benefit rider, resulting in the owner losing the right to this benefit.

The dispute further alleged that the owner had invested his retirement savings in the variable annuity, and that the rider would have provided a guaranteed annual income of at least $30,000.

Kevin Canfield allegedly advised the client to close his variable annuity and invest in a money market fund. This dispute is currently pending.

On January 4, 2016, an investor alleged that Kevin Canfield allocated the funds in his account without his knowledge in March 2015. This dispute was denied by the firm.

In a dispute filed on February 4, 2015, multiple investors alleged that Kevin Canfield misrepresented variable annuities purchased in November 2014 and January 2015. The firm denied the dispute.

However, investors can still pursue FINRA arbitration and potentially recover their losses even if a firm denies their dispute.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of material facts related to investments, including their features, fees, tax implications, and potential returns.

FINRA Rule 2010

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

Background Information

Kevin Canfield has passed the following exams:

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

Kevin Canfield is a registered broker in 11 states and a registered investment adviser in Pennsylvania.

He has also worked for MSI Financial Services (CRD#:14251) and Metropolitan Life Insurance Company (CRD#:4095).

Kurta Law Can Help

If you worked with Kevin Canfield 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 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.