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Lien Nguyen Allegedly Misrepresented a Variable Annuity

Lien Nguyen (CRD #: 2662699), a broker registered with MML Investors Services, is the subject of an investor dispute, according to her BrokerCheck record, accessed on December 19, 2023. Keep reading if you have questions. 

On November 14, 2023, an investor alleged that Lien Nguyen misrepresented a variable annuity. He alleged he was promised that he would receive a larger 4% return on his investment. The investor is seeking $407,141.87. 

Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns. 

What is a Variable Annuity? 

Variable annuities are complicated insurance products that come with an investment component. The associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Misrepresenting a variable annuity violates this rule. 

Background Information 

Lien Nguyen 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 

She is a registered broker in California. 

During her 26 years of experience, she has registered with three firms: 

  • MML Investors Services (CRD #: 10409) 
  • MSI Financial Services (CRD #: 14251) 
  • Metropolitan Life Insurance Company (CRD #: 4095) 

Kurta Law Can Help 

If you have worked with Lien Nguyen and 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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