Muhammad Usman Racked Up a New Investor Dispute

Muhammad Usman (CRD #: 4989336), a broker registered with MML Investors Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 4, 2024. Keep reading if you have questions regarding the dispute. 

Investor Allegations

On January 22, 2024, investors alleged Muhammad Usman represented that two non-securities life insurance policies they purchased would have no additional premiums that would be due since they were rolling over variable life insurance policies held with an outside third-party firm. The investors further alleged that they understood they would collect $3,000 monthly beginning at age 65. 

The dispute was denied, but investors should know that firms can deny disputes without any external review. Investors can still recover losses following a denial.

There is another dispute from 2018 alleging that they were not fully aware of the policy terms when they purchased a variable life insurance policy. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failing to provide complete information regarding an insurance policy may violate this rule. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Muhammad Usman 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 

During his 18 years of experience, Muhammad Usman has registered with the following firms: 

• MML Investors Services (CRD #: 10409) 
• NYLife Securities (CRD #: 5167) 
• MetLife Securities (CRD #: 14251) 
• Metropolitan Life Insurance Company (CRD #: 4095) 

Kurta Law Can Help 

If you have worked with Muhammad Usman 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.