BERNARD AUDET Misrepresentation Disputes

Broker Bernard Audet Allegedly Misrepresented Life Insurance Policies

Investors are alleging losses because of Bernard Joseph Audet [CRD#: 1317819, Newtown Square, Pennsylvania]. Evidently, the securities broker, who joined MML Investors Services in 2017, discloses 7 investor disputes on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck. Apparently, Audet’s clients asserted claims of misrepresentation, omissions, and unsuitable insurance transactions by him. For more details about Audet, see below.

Bernard Audet Allegedly Conceals Facts About Insurance Policies Sold To MML Client

Apparently, on September 24, 2019, an MML Investors Services client complained about Bernard Audet. Namely, the client contended that in October 2017, Audet falsified information or otherwise misled the client about VUL policies that he solicited. Allegedly, the securities broker also concealed critical information about these variable life policies. Also, Siegel seemingly sold unsuitable or inappropriate policies. Moreover, the client suggested that the policies were not delivered timely. Evidently, MML Investors Services denied the client’s complaint on January 9, 2020.

Lawsuit Alleges Audet Breached Fiduciary Duty In Life Insurance Sale

Notably, a client of New England Securities contested Bernard Audet’s sales of variable life insurance through Lawsuit #: 2017-002578 dated April 12, 2017. Supposedly, the securities broker breached a fiduciary duty, placing his interests ahead of the client’s interests. Also, the life insurance policies which Audet recommended or sold were purportedly inappropriate. Not only that, but the client indicated that Audet misrepresented information in connection with the sale of these policies. As a result, the client asked for compensation from New England Securities or Audet in this ongoing matter.

New England Financial Clients Suggest Bernard Audet Misrepresented Policies

Apparently, other New England Financial clients made formal complaints about Bernard Audet. Namely, a client in 2006 suggested that the stockbroker misrepresented a life policy. For this reason, New England Financial settled this client’s dispute by way of paying the client $527,450.23 in 2011. In addition, a client of New England Securities brought a complaint in 2004. Apparently, Audet told the client incorrect information about the contributions or premiums on the life insurance policies he sold. The client believed that only one payment or contribution was necessary. Given the circumstances, New England Securities agreed to settle the client’s dispute in 2008 through a payment of 195,000.

Did Audet Sell You Bad Policies?

Have you experienced losses by purchasing securities or insurance products through Bernard Audet? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of brokers like Audet and their employing firms.