April 6, 2020

Investors File Disputes About MIKE LIBMANN

Investment Loss

Broker Mike Libmann Purportedly Misrepresented, Concealed Information

Investors are coming forward with disputes about securities broker Mike Libmann [CRD#: 1323896, Quincy, Illinois]. Evidently, Libmann, who associated with MML Investors Services until 2018, reports 4 investor disputes on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck. Notably, his clients suggest that he concealed important information concerning investments that they purchased. Allegedly, the securities broker also executed unreasonable transactions causing his clients' losses. For additional information concerning the allegations against Libmann, see below.

Mike Libmann Allegedly Fails To Disclose Investment Info To Pruco Securities Client

Apparently, a client of Pruco Securities contested Mike Libmann’s actions in a complaint dated September 6, 2019. Allegedly, Libmann concealed information relating to the suitability of variable annuities and he failed to tell the client about downsides from a tax perspective.  It seems that the client sustained losses because of Libmann’s omissions. Consequently, Pruco Securities figured to settle the client’s dispute on October 24, 2019 through compensating the client in the amount of $91,000.

Libmann Allegedly Fails To Disclose Facts About Premiums

Evidently, a client of MetLife contested Mike Libmann’s actions by making a complaint in 2011. Allegedly, Libmann concealed information about future required insurance premiums on a variable life insurance policy. It is possible that the client would not have purchased the insurance policy if made aware of this information. Consequently, the client made a claim for compensatory damages from MetLife or Libmann in the amount of $45,000. However, the claim was denied.

MetLife Client Suggests Mike Libmann Misrepresented Life Insurance

Notably, a second MetLife client brought an investment dispute concerning Mike Libmann. Apparently, the client asserted that Libmann misrepresented two life insurance policies. As a result, MetLife resolved this issue through compensating the client in the amount of $9,003.86. Moreover, a prior MetLife complaint specifically alleged that “Mr. Libmann misled her” in reference to the client’s purchase of variable life insurance policies.

Lars Soreide AVVO 2020 Top Lawyer

Did Securities Broker Mike Libmann Sell You Bad Investments?

Have you experienced losses by investing with broker Mike Libmann? If you have, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a potential recovery of your investment losses. Soreide Law Group provides representation to clients on a contingency fee basis and advances costs. The law firm has recovered millions of dollars for clients who have experienced losses due to misconduct of securities firms and brokers like Mike Libmann.

Recent Posts

March 26, 2024
Stifel Fined $400K by FINRA

According to a recent article in Wealth Management, Stifel will pay over $400,000 to settle FINRA disciplinary charges that the firm allegedly did not properly supervise one of their registered representatives who misappropriated over $100,000 from an elderly client. Stifel agreed to the penalties without admitting or denying FINRA’s findings. In addition to a $400,000 penalty, Stifel […]

March 18, 2024
JAYSON R POCIUS Barred by FINRA

JAYSON R POCIUS, a former broker with Wells Fargo Advisors Financial Network, LLC of Arlington Heights, IL, who was registered with Wells Fargo from 2019 through June of 2023, was barred from the securities industry by FINRA on March 8, 2024, after he failed to cooperate with an investigation by the Financial Industry Regulatory Authority […]

March 15, 2024
William Savary Fined, Involved In Investor Complaint

Soreide Law Group is looking into possible investor claims on behalf of those who incurred losses through securities broker William Savary [CRD: 1069141, Gig Harbor, Washington]. Evidently, Savary joined Abraham Securities Corporation on August 12, 2021. He previously worked for Spencer-Winston Securities Corporation from October 3, 2019, to July 23, 2020. Keep reading to learn […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2022 Soreide Law Group, PLLC  |  All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram