oreide Law Group Investigating GARY HAMMOND of Charlotte North Carolina
Soreide Law Group is evaluating possible claims of sales practice violations against MetLife securities broker Gary Hammond (CRD#: 2660432, Charlotte, North Carolina). Notably, the Financial Industry Regulatory Authority (“FINRA”) shows that at least nine investors complained about Hammond. Eight complaints come after MML Investors Services disaffiliated with Gary Hammond in connection with purported private securities transactions. Evidently, multiple customers alleged fraud in claims involving Hammond concerning recommendations of their private securities. Here is a summary of some of the disputes:
March 21, 2019 Complaint Involving Gary Hammond, Fraudulent Private Securities
MSI Financial Services (formerly, “MetLife Securities”) reported on Gary Hammond’s FINRA BrokerCheck Report that plaintiffs brought lawsuit #19CVS5033 concerning Hammond. Apparently, in this claim, customer alleged that Hammond or another MSI Financial Services broker engaged in “unfair and deceptive” trading. Not only that, but the plaintiffs alleged that the firm or Hammond engaged in fraud. Allegedly, the claims concern Hammond’s recommendations of private securities to customers between 2005 and 2016. Because of this, the plaintiffs are demanding more than $25,000 in damages. Apparently, this matter is unresolved.
December 28, 2018 Lawsuit Alleging Investments In A “Fictitious Entity”
Similarly, investors brought lawsuit #18CVS24234 alleging deceptive private securities. Allegedly, because of Gary Hammond, the customers purchased investments in an entity that did not exist. Supposedly, the plaintiffs fell victim to a fraudulent scheme. Because of this, the plaintiffs requested compensatory relief. Apparently, this claim is pending a resolution in the North Carolina Superior Court.
MSI Financial Services Customer Files Arbitration Involving Gary Hammond, Fraudulent Scheme
Also, a customer of MSI Financial Services, Inc. customer brought FINRA Arbitration #:17-02180 on August 17, 2017. Allegedly, Gary Hammond helped deplete the customer’s brokerage account funds. According to the customer, the advisor then directed the customer’s money in fraudulent securities. It is possible the fraudulent securities involved the purchase of fixed or variable annuities. Notably, the customer alleged $690,000 in damages in this ongoing investment dispute.
Did Gary Hammond Cause You Losses?
Experienced losses by investing with general securities representative Gary Hammond? If so, contact Soreide Law Group at (888) 760-6552, where you can speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.