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Eric Tom: $100K REIT Complaint Against Former MSI Advisor
East Hills, New York financial advisor Eric Tom (CRD# 1890823) is involved in multiple investor complaints alleging his conduct resulted in losses. Financial Industry Regulatory Authority records indicate that he is a broker and an investment advisor with MML Investors Services, having previously been registered with MSI Financial Services.
Mr. Tom’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in November 2022, alleges that as a representative of MSI Financial Services, he mismanaged an investment in a Jackson National Variable Annuity contract, resulting in a loss of the customer’s retirement savings. The pending complaint alleges unspecified damages.
A second investor complaint, filed in 2020, alleges that he recommended unsuitable investments in real estate investment trusts (REITs) while at MSI Financial Services. The pending complaint alleges damages of $100,000.
A third investor complaint, filed in 2015, alleged that he misrepresented material acts relating to a variable life insurance policy sold in March 2002. In 2016 the complaint reached a settlement of $135,951.44.
According to the Financial Industry Regulatory Authority, Eric Tom holds 34 years of securities industry experience. Based in East Hills, New York, he has been a broker and an investment advisor with MML Investors Services since 2017 and 2021, respectively. His past registrations include MSI Financial Services (East Hills, New York; 1988-2017) and Metropolitan Life Insurance Company (Roslyn, New York; 1988-2007). His credentials include the passage of four securities industry qualifying examinations: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Utah, Virginia, and Wisconsin. (Information current as of January 13, 2023.)
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.