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Yi Qin Allegedly Misrepresented a Fixed Annuity

Yi Qin (CRD #: 5581979), a broker registered with MML Investors Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 13, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On July 8, 2024, an investor alleged that Yi Qin misrepresented a fixed annuity purchase, which was allegedly funded by his 401K rollover. 

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses, and fees. Brokers must always disclose the risks associated with illiquid investments, such as early withdrawal fees. 

Background Information 

Yi Qin has passed the following exams: 

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

He is a registered broker and investment adviser in New Jersey. He is a registered broker in five states. 

During his 15 years of experience, Yi Qin has registered with the following three firms: 

  • MML Investors Services (CRD #: 10409) 
  • MSI Financial Services (CRD #: 14251) 
  • Pruco Securities (CRD #: 5685) 

Kurta Law Can Help 

If you worked with Yi Qin and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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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