Charlotte, NC
Gary Hammond, formerly with MSI Financial Services (MetLife Securities), Barred by FINRA
Have you lost money with financial advisor Gary Hammond? We are looking into allegations made about Gary W. Hammond from Charlotte, North Carolina. FINRA (the Financial Industry Regulatory Authority) barred Gary Hammond from the securities industry. FINRA alleged that He sold investments that were not approved by his former brokerage firms, MSI Financial Services (previously known as MetLife Securities) and MML Investors Services. Hammond sold investments in what turned out to be two separate Ponzi schemes.
Gary Hammond was a financial advisor and registered representative of MSI Financial Services from 2000 to March 2017. He was also with MML Investors Services from March 2017 to May 2017. He worked in a branch office in Charlotte, North Carolina. Hammond has been the subject of several customer complaints.
Brokerage firms like MSI Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Phoenix, Arizona; Seattle, Washington; Denver, Colorado; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout North Carolina. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against MML Investors Services.