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Kurt Petrucci Allegedly Sold Variable Annuities without Explaining Surrender Penalties

Kurt Petrucci (CRD #: 3091334), a broker registered with MML Investors Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 13, 2024. Keep reading if you have questions. 

Investor Dispute

On January 12, 2024, an investor alleged that Kurt Petrucci sold variable and fixed annuities and failed to explain that he would be unable to take money out as needed or that there would be surrender penalties. The investor further alleged that Kurt Petrucci offered to sell the investor’s business for $30,000. After the sale, he allegedly invested the proceeds into the annuities.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failing to explain investments may violate this rule. 

Background Information 

Kurt Petrucci has passed the following exams:

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

He is a registered broker in Florida, Maryland, and Virginia. 

During his 14 years of experience, he has registered with five firms: 

  • MML Investors Services (CRD #: 10409) 
  • Cambridge Investment Research (CRD #: 39543) 
  • New England Securities (CRD #: 615) 
  • PSA Equities (CRD #: 15676) 
  • Berkshire Equity Sales (CRD #: 87) 

Kurta Law Can Help 

If you have worked with Kurt Petrucci and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com 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.

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