Terry Carey Incurs Civil Lien

Terry Carey (CRD #: 1480148), a broker registered with MML Investors Services, has incurred a civil lien, according to his BrokerCheck record, accessed on May 2, 2025. Investors may have also worked with him through Creative Financial Group. Read on if you have questions about his alleged conduct as a broker.

Civil Lien

On March 17, 2025, Terry Carey incurred a $10,368 civil lien.

Investor Dispute

On January 23, 2017, an investor filed a dispute alleging that Terry Carey failed to explain the surrender fees associated with a variable annuity purchased in December 2015. This dispute was denied by the firm.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. This includes the misrepresentation or omission of information about investments, such as their fees, risks, or limitations.

What are variable annuities?

Variable annuities are insurance products that come with an investment component. However, the lack of liquidity, potential tax liability, surrender charges, and other fees can make variable annuities unsuitable for many investors.

Background Information

Terry Carey has passed the following exams:

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

Terry Carey is a registered broker in13 states and a registered investment adviser in New Jersey and Texas.

He has also worked for the following firms:

• MSI Financial Services (CRD#:14251)
• New England Securities (CRD#:615)
• AXA Advisors (CRD#:6627)
• The Equitable Life Assurance Society of the United States (CRD#:4039)

Kurta Law Can Help

If you worked with Terry Carey 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.