Stoltmann Law Offices is investigating MML Investor Services for allegedly overcharging 792 customers on sales of mutual funds. The firm has been ordered to pay $1.8 million in restitution. In September 2015, MML began a review to determine whether the firm provided available sales charge waivers to eligible customers. On March 8, 2016, MML self-reported to the Financial Industry Regulatory Authority (FINRA) that eligible customers had not received available sales charge waivers. According to the firm, approximately 792 customers purchased mutual funds shares for which an available sales charge waiver was not applied. These eligible customers were overcharged by approximately $1,577,112.12 for mutual fund purchases made since July, 2009. If you were a victim of MML Investor Services overcharging, please call our securities law firm in Chicago to speak to one of our attorneys. We may be able to help you recover your losses on a contingency fee basis.
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