Tyler Camp Facing a $5 Million Investor Dispute
Tyler Camp (CRD #: 6002124), a broker registered with MML Investors Services, is the subject of a multi-million dollar investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 11, 2023. Keep reading if you have questions about his alleged conduct as a broker.
On September 13, 2023, investors alleged that Tyler Camp opened fee-based accounts and charged a financial planning fee. The investors alleged he never justified the cost. One investor complained she lost significant value in her fee-based account.
The investors are seeking $5,000,000.
There is another dispute from earlier in the same month. On September 8, 2023, an investor alleged that Tyler Camp misrepresented a Variable Annuity. The investor alleges he would not have agreed to the investment if Tyler Camp had made adequate disclosures.
The investor is seeking $99,000.
What is a Variable Annuity?
Variable annuities are complex investments. They are insurance products that come with an investment component. The associated fees, surrender charges, and potential tax liability can negate any supposed benefits they offer. Furthermore, the risk associated with this type of illiquid investment makes them unsuitable for many investors.
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.
Tyler Camp has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
He is registered as a broker in 34 states and is a registered investment adviser in Alabama and Texas.
Tyler Camp has registered with the following firms:
- MML Investors Services (CRD #: 10409)
- Northwestern Mutual Investment Services (CRD #: 2881)
- Cetera Advisors (CRD #: 10299)
Kurta Law Can Help
If you worked with Tyler Camp and have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.