Victim of Financial Fraud? Call Now

Thomas Stiles Allegedly Misrepresented Variable Annuities

Thomas Stiles (CRD #: 735682), a broker registered with MML Investors Services, allegedly misrepresented variable annuities, according to his BrokerCheck record, accessed on January 5, 2025. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

In a dispute filed on December 14, 2024, multiple investors alleged that Thomas Stiles misrepresented unsuitable variable annuities in and around 2014 and 2019. They also alleged that he sold them an unsuitable whole life insurance policy.

The investors seek $895,869.65 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consider the information in the investor’s profile, such as their tax status, risk tolerance, and age when recommending investments.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Misrepresenting an investment’s risks, potential returns, or other features violates this rule.

Background Information

Thomas Stiles has passed the following exams:

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

Thomas Stiles is a registered broker in seven states.

He has also worked for the following firms:

  • Lincoln Financial Advisors (CRD#:3978)
  • The Lincoln National Life Insurance Company (CRD#:2580)
  • Hornor, Townsend & Kent (CRD#:4031)
  • MetLife Securities (CRD#:14251)
  • Metropolitan Life Insurance Company (CRD#:4095)
  • Intersecurities (CRD#:16164)
  • PML Securities Company (CRD#:4082)
  • Mony Securities Corporation (CRD#:4386)
  • The Mutual Life Insurance Company of New York (CRD#:2873)

Kurta Law Can Help

If you worked with Thomas Stiles 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.