FINRA Suspends Keith Holcomb (MML Investor Services)
Soreide Law Group comes to you with new information relating to the FINRA BrokerCheck disclosures on securities broker Keith Holcomb (CRD#: 6227200, Pawtucket, Rhode Island). Specifically, Holcomb, who worked for securities firm MML Investors Services (his employer from 2015 to 2017), faces allegations of failing to pay a client who he borrowed from. Here is an overview of the disclosures and what you could do if you experienced damages from inappropriate sales practices.
FINRA Suspends, Fines Keith Holcomb For Borrowing From Client
Evidently, the regulator sanctioned Keith Holcomb on March 29, 2021, for allegedly violating FINRA Rules 2010 and 3240. Namely, FIRNA imposed a six-month suspension and a $7,500 fine. Supposedly, Holcomb borrowed a client’s funds without getting approval from MML Investors Services. Not only that, but the client complained about him.
MML Investors Services Client Alleges That Holcomb Failed To Repay Them
Particularly, an MML Investors Services client took aim at Keith Holcomb on February 19, 2019. Supposedly, the client experienced damages stemming from Holcomb’s unreasonable sales practices concerning mutual funds. Supposedly, Holcomb withdrew mutual funds over 18 months after asking the client for a loan. Purportedly, he didn’t pay back the client, which resulted in damages. However, it appears that on May 8, 2019, after reviewing the allegations, MML Investors Services denied the dispute and the client’s request for $500,000 in compensation.
Losses Through Keith Holcomb?
Did you suffer losses because of securities broker Keith Holcomb? If so, you should touch base with Soreide Law Group at (888) 760-6552 to talk with a helpful securities attorney about a possible recovery of your losses. Soreide Law Group pursues investor dispute cases on a contingency fee basis and advances all costs. The firm has recovered significant compensation for a lot of US investors that have incurred losses from financial advisors and securities brokers. Please note that Holcomb denies the allegations of improper sales practices.