Justin Roberto: Tesfaye Advisor Fired by MassMutual

Alexandria, Virginia financial advisor Justin Roberto (CRD# 7235058) was recently fired from his former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former MML Financial Services broker is currently registered as an investment advisor with Tesfaye O’Neill Financial.

Mr. Roberto’s BrokerCheck report discloses his termination from MML Financial Services, or MassMutual. Filed in October 2024, it states that the firm fired him in connection with allegations that he “failed to follow to Firm policies regarding the use of unapproved sales materials and undisclosed outside business activity.”

Investors should know that FINRA Rule 3270 forbids brokers like Mr. Roberto from engaging in unapproved outside business activities. “No registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm,” the rule explains, “unless he or she has provided prior written notice to the member, in such form as specified by the member.” If brokers violate this FINRA rule, their firms may undertake disciplinary action against them, and/or their customers may pursue claims against them.

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Justin Roberto holds one year of securities industry experience. Based in Alexandria, Virginia, he has been registered as an investment advisor with Tesfaye O’Neill Financial since November 2024. He was previously registered as a broker with MML Investors Services in Virginia Beach, Virginia from January 2023 until November 2024. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7TO; the Investment Company Products/Variable Contracts Representative Examination, or Series 6TO; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Virginia. (Information current as of January 6, 2024.)

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