Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on April 20, 2017 indicate that former Ohio-based MML Investors Services broker Eric Ott has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Ott (CRD# 6262487).
Eric Ott has spent two years in the securities industry and was most recently registered with MML Investors Services in Cincinnati, Ohio (2015-2016). He was previously registered with JP Morgan Securities in Bellevue, Kentucky (2013-2015). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination) and Series 6 (Investment Company Products/Variable Contracts Representative Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, Eric Ott has been sanctioned by FINRA, is the subject of a pending regulatory investigation, and was discharged from his former employer.
In April 2017 Eric Ott was sanctioned by FINRA following allegations he signed a customer’s name to two insurance applications without that customer’s knowledge or consent. FINRA’s findings state further: “although Ott and the customer had discussed the possibility of her applying for life insurance, she did not consent or approve of the submission of either insurance application, nor did she consent to the signing of her name on the applications. Ott also paid the initial premiums for the two insurance policies, without the customer’s knowledge. The customer did not become aware of the issuance of the two insurance policies in her name until she received correspondence from the issuing company concerning an address change on the account. The customer then called the issuing company to complain, and the issuing company investigated the matter and canceled the policies at the customer’s request at no cost. Ott’s member firm also investigated the matter and terminated Ott.” He was issued a 13-month suspension and a fine of $15,000.
In July 2016 he was named in an investigation “related to insurance activities” by the Ohio Department of Insurance. The investigation remains pending.
In March 2016 he was terminated from MML Investors Services “in connection with a verbal customer complaint related to signature on the traditional life insurance documents.”
If you or someone you know has lost money investing with Eric Ott, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.