There are options for clients of MML Investors Services, LLC broker Tyler Camp (CRD# 6002124) who suffered investment losses. He has been registered with Oneamerica Securities, Inc. in Hoover, Alabama, since 2023. He was registered with MML Investors Services, LLC in Hoover, Alabama, from 2019 to 2023, when he was terminated regarding, “Customer complaint alleges sales practice violations relative to fee-based accounts.” He was registered with Oneamerica Securities, Inc. in Hoover, Alabama, in December 2023, and Northwestern Mutual Investment Services, LLC in Montgomery, Alabama, from 2016 to 2019.
Tyler Camp Customer Complaints
He has been the subject of two customer complaints in 2023, according to his CRD report:
September 2023. “The complainants allege that their registered representative, beginning in or around, October 2021, opened fee-based accounts and charged a financial planning fee, but never actually met with them to justify the cost. One complainant alleges she lost significant value in her fee-based account.” The customer sought $5,000,000 in damages, and the case was settled for $450,000. The complaint was regarding fee-based accounts.
September 2023. “The complainant alleges that his registered representative, misrepresented the Variable Annuity, issued on or around, March 12, 2021, and would not have agreed to the investment, if adequate disclosures were made, as well as being charged for fees in his Managed/Wrap account, which was opened in or around. January 06, 2021, that was not truly managed, and lost money, while market benchmarks enjoyed positive returns.” The customer sought $99,000 in damages, and the case was settled for $20,000. The complaint was regarding variable annuities and managed/wrap accounts.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, MML Investors Services, LLC may be liable for investment or other losses suffered by Tyler Camp’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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