Recent records published by the Financial Industry Regulatory Authority (FINRA) indicated that former MML Investors Services broker Clifford Marks has received numerous resolved or pending customer disputes. These allege him taking unauthorized loans against his customer’s insurance policy while he was registered with NYLife Securities, and another customer alleged that Marks “made him sign blank forms and then attempted to coordinate a 401k rollover” without the customer’s authorization or knowledge. He also allegedly did not clearly explain unsuitable investments and provided misinformation and misdirection in the process of overselling him insurance products. These are all against securities rules and regulations and internal firm policies.
According to public, online records, Mr. Marks was previously registered with NYLife Securities in Mobile, Alabama from May 2011 until July 2016 and MML Investors Services in Mobile from August 2016 until January 2017. He has 10 customer disputes against him, one of which is currently pending. He is not currently registered as a broker within the industry.
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