ATTENTION: Soreide Law Group Investigating MetLife Brokers Michael Miley, Chong Kim, Chris Maltese
Soreide Law Group is investigating possible claims on behalf of customers who invested with brokers of MSI Financial Services Inc. (FINRA CRD#: 14251), also known as MetLife Securities, Inc. Specifically, the firm is reviewing possible claims of misconduct against MetLife brokers Michael L. Miley, Chong Su Kim and Christopher Scott Maltese. Here is a summary of disclosures concerning those brokers’ possible harming of MetLife customers:
MSI Financial Services Settles Claim Alleging Michael Miley’s Failure To Follow Instructions
Michael L. Miley (CRD#: 3148401, Newtown Square, Pennsylvania) is a past securities representative and adviser of MSI Financial Services, Inc. Apparently, a MetLife customer contested Michael Miley’s sales practices in regard to a variable annuity. Supposedly, Michael Miley did not follow instructions pertaining to the allocation of a customer’s sub-accounts. The sub-accounts, which are like mutual funds, were in the customer’s variable annuity. Apparently, Michael Miley’s failure to listen to the customer caused the customer losses. As a result, MSI Financial Services, Inc. opted to pay the customer $19,057.51 to drop the claim. Evidently, Michael Miley is now a MML Investors Services, LLC registered representative.
MetLife Securities Discharges Chong Kim Over Customer’s Life Insurance Policy
Chong Su Kim (CRD#: 2323536, New York, New York) worked as a registered representative of MetLife Securities, Inc. from August 12, 1999 to June 30, 2016. Additionally, Chong Kim was a variable contracts representative with Metropolitan Life Insurance Company from August 12, 1999 to July 9, 2007; then associated with MetLife Investors Distribution Company from June 30, 2016 to December 15, 2016. Evidently, MetLife discharged Chong Kim on November 21, 2016 for numerus reasons. First, the firm investigated Chong Kim for failing to terminate a life insurance policy that one of his customers purchased. Secondly, the firm indicated Chong Kim failed to report outside business activities. Thirdly, Chong Kim seemingly violated MetLife policy by engaging in prohibited communications with potential customers.
MetLife Discharges Christopher Maltese For Outside Business Activities
Christopher Scott Maltese (CRD#: 4817113, Woodland Hills, California) is a past MetLife Securities Inc. general securities representative. Evidently, Christopher Maltese joined the brokerage firm in Woodland Hills, California on March 21, 2007. However, MetLife discharged Christopher Maltese on June 25, 2015. Supposedly, the firm reasoned that Christopher Maltese violated MetLife’s company policy concerning outside business activities. Allegedly, Christopher Maltese did have authorization to participate in an outside business activity involving a charity event. FINRA sometimes finds brokers of firms like MetLife who engage in outside business activities to violate FINRA Rules, which leads to suspensions and fines. Later, Christopher Maltese worked for Fortune Financial Services, Inc. and The Leaders Group, Inc.
MSI Financial Services, Inc. is a previously registered brokerage firm and investment adviser firm which MassMutual Mutual Life Insurance Company directly owned. Evidently, at the point of its July 3, 2017 termination, it reported 41 regulatory events, 1 civil
action, and 13 arbitrations. Notably, customers obtained awards against the firm when arbitrators found it engaged in bad sales practices and caused customer harm.
Investors who may have experienced losses by investing with MSI Financial Services (MetLife) brokers Michael L. Miley, Chong Su Kim or Christopher Scott Maltese, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represent 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.