Close Menu
Free Consultation: 888-976-6111

Eric Marvin: $100K Complaint Against M&M Wealth Advisor

A recent investor complaint against Fort Meyers financial advisor Eric Marvin (CRD# 4856310) alleges that his investment advice resulted in six-figure losses. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the M&M Wealth Management Advisor is not currently registered as a broker. 

Mr. Marvin’s BrokerCheck report discloses one investor complaint. Filed in August 2022, it alleges that as a representative of M&M Wealth Management, he exposed the customer’s accounts to “too much risk.” The pending complaint alleges damages of $100,000.

FINRA rules establish certain standards that financial advisors must follow. Perhaps one of the most important standards is the suitability rule, as outlined in FINRA Rule 2111, which states that stockbrokers must “have a reasonable basis to believe” the investments and/or strategies they recommend to their clients are appropriate for the client’s background and needs—including their risk tolerance. The rule stipulates that they must evaluate an investment’s suitability based on “information obtained through reasonable diligence of the firm or associated person to ascertain the customer’s investment profile.” A broker who recommends investments that exceed the customer’s risk tolerance may be liable in the event of losses.

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Eric Marvin holds 17 years of securities industry experience. Based in Fort Myers, Florida, he has been an investment advisor with M&M Wealth Management since 2014. His past registrations include JP Turner & Company (Fort Myers, Florida; 2011-2014), Merrill Lynch (Fort Myers, Florida; 2006-2011), and MetLife Securities (Broadview Heights, Ohio; 2005-2006). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; and the Uniform Combined State Law Examination, or Series 66. He is licensed as an investment advisor in Arizona, Florida, Ohio, Texas, and Wisconsin. He is not currently registered as a broker. (Information current as of October 16, 2022.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Mike Hamilton: SEC Brings Charges Against Hamilton Wealth Advisor

    Fort Myers financial advisor Mike Hamilton (CRD# 2038138) allegedly may have violated the Securities Exchange Act of 1934, according to...

    Read More
  • Robert Doyle: $1 Million Complaint Against Axiom Advisor

    New York City financial advisor Robert Doyle (CRD# 2309859) recently received an investor complaint alleging his conduct resulted in million-dollar...

    Read More
  • What is reverse churning by an investment advisor?

    Churning a brokerage account refers to the excessive buying and selling of securities by a broker for the primary purpose...

    Read More
  • Shawn Clark: Mosaic Advisor Lands $50K-$100K Complaint

    Former Tampa, Florida broker Shawn Clark (CRD# 6723045) allegedly recommended unsuitable investments that resulted in potentially six-figure damages, according to...

    Read More
  • Previous
  • Next