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Floyd Powell, Formerly With MML Investors Services, LLC and MSI Financial Services, Inc. Has 7 Customer Complaints For Alleged Broker Misconduct

Who is Floyd Powell formerly with MML Investors Services, LLC?

Floyd Powell (CRD #2220029) formerly with MML Investors Services, LLC located in Albertville, Alabama, is a subject of one of our many securities industry sales practice abuse investigations.  Prior to MML Investors Services, LLC, Floyd Powell was associated with MSI Financial Services, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Floyd Powell was also the subject of a FINRA investigation and permanently barred for allegedly engaging in private securities transactions (sale of Woodbridge promissory notes to 13 investors) totaling approximately $3.49 million without providing notice to his member firm or obtaining approval.

Floyd Powell Customer Complaints

Floyd Powell has been the subject of 7 customer complaints that we know about, 0 of those complaints were filed in the last year to recover investment losses.  Six of the 7 customer complaints were settled in favor of investors. One customer complaint filed against his former employer MSI Financial Services is still pending. 

Allegations Against Floyd Powell

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Floyd Powell allegedly recommended that a customer invest in unregistered, unsuitable, and fraudulent investment programs, and made false representations and failed to disclose material facts about the investments.
  • The customer alleged that the representative made inappropriate and unsuitable investment recommendations involving promissory notes.
  • The claimant alleged that the representative recommended that she invest in an unregistered and fraudulent investment program.
  • The customer alleged that Floyd Powell made false representations and failed to disclose material facts related to an investment program.

Floyd Powell Red Flags & Your Rights As An Investor

Of course, Floyd Powell did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Floyd Powell at MML Investors Services, LLC and MSI Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Floyd Powell has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at MML Investors Services, LLC and MSI Financial Services, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At MML Investors Services LLC Due To Floyd Powell

If you have questions about MML Investors Services, LLC and MSI Financial Services, Inc. and/or Floyd Powell and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $160 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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