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Patrick Foley Of MML Investors Services And Formerly With MSI Financial Services And Citizens Securities Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Patrick Foley of MML Investors Services?

Patrick Foley (CRD #4807449) who is currently registered with MML Investors Services and located in Williamsville, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to MML Investors Services, Patrick Foley was associated with MSI Financial Services, Citizens Securities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Patrick Foley Customer Complaints

Patrick Foley has been the subject of 4 customer complaints that we know about. Two of Patrick Foley’s 4 customer complaints were settled in favor of investors. Two of Patrick Foley’s customers’ complaints were denied and, to date, the customers have not taken any further action.

Allegations Against Patrick Foley

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

  • Customer alleged Patrick Foley’s recommendation to purchase a variable life insurance policy was not appropriate.
  • Customer alleged Patrick Foley’s recommendation to purchase two variable life insurance policies was not suitable and the policies were misrepresented.
  • Customer alleged that when she purchased a variable life insurance policy, Patrick Foley provided incorrect information about her future tax obligations.
  • The complainant alleged that Patrick Foley misled him, with regards to the purchase of his life policy. The complaint says his understanding was that his premiums were only required for two years, and that he could not afford to continue paying. The complainant stated he funded the life policy with annuities, and asked for all of his money back, plus interest from each payment made.

Patrick Foley Red Flags & Your Rights As An Investor

Of course, Patrick Foley 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 Patrick Foley at MML Investors Services, MSI Financial Services, and Citizens Securities on alert to review carefully the activity and performance of their accounts and question whether Patrick Foley has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at MML Investors Services, MSI Financial Services, and Citizens Securities 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 Due To Patrick Foley

If you have questions about MML Investors Services, MSI Financial Services, Citizens Securities, and/or Patrick Foley 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 $170 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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