What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: July 10, 2015

Franklin D. Butler of MML Investors Services is accused of instructing two registered representatives to sign their names as brokers of record on two customer variable annuity applications even though the representatives did not participate in the sales to the customers. This was in order to help the representatives meet their sales quotas. Neither representative kept his sales quota for the alleged sale. One of the representatives then wrote a check to Butler. These actions are against Financial Industry Regulatory Authority (FINRA) rules. For this, Butler was fined $10,000 and suspended from associating with any FINRA firm for 15 business days. Butler was registered with Royal Alliance Associates from May 2002 until December 2003, Park Avenue Securities from December 2003 until May 2004 and is currently registered with MML Investors Services in Glen Allen, Virginia since May 2004. Butler’s firm, MML Investors Services, can be held liable for actions he engaged in. If you invested money with Franklin D. Butler, you may be able to recover your losses by calling us at 312-332-4200 and speaking to an attorney. The call is free with no obligation.

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