Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 1, 2019 indicate that Florida-based MML Investors Services broker/adviser Sudesh Jain has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Jain (CRD# 1325905).
Sudesh Jain has spent 32 years in the securities industry and has been registered with MML Investors Services in Orlando, Florida since August 2017. He was previously registered with NYLife Securities in Dayton, Ohio (1995-2016). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 27, 1985; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on June 19, 1985; and Series 22 (Direct Participation Programs Representative Examination), which he obtained on February 27, 1985. He is a registered broker and investment adviser with four US states: California, Florida, Massachusetts, and Ohio.
According to his BrokerCheck report, he has received four customer complaints and one pending customer complaint.
In November 2018 a customer alleged Sudesh Jain, while employed at NYLife Securities, recommended an inappropriate annuity and promised a specific return; she also alleged that she was “impersonated over the phone” in connection to an initial account transfer. The customer is seeking unpecified damages in the pending complaint.
In March 2018 a customer alleged Sudesh Jain, while employed at NYLife Securities, provided misleading information regarding investments and took loans from two fixed annuities without permission. The complaint settled in May 2018 for more than $28,200.
In 2016 a customer alleged Sudesh Jain, while employed at NYLife Securities, recommended an unsuitable annuity and misrepresented material facts regarding its funding from a mutual fund account.The complaint settled for more than $23,400.
In 2016 a customer alleged he, while employed at NYLife Securities, provided misleading information regarding the recommendation of an insurance policy. The complaint settled for more than $19,600.
In 2011 a customer alleged he, while employed at NYLife Securities, did not explain the terms and conditions regarding the purchase of variable universal life insurance policies. The complaint settled for more than $3,300.
If you or someone you know has lost money investing with Sudesh Jain, 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.