Columbus, Ohio financial advisor Tom Bates (CRD# 1037294) allegedly gave misleading investment advice, according to a recent investor complaint. Financial...Read More
John Franzino: Forgery Complaint Against J&M Financial Advisor
An investor complaint against Massapequa, New York financial advisor John Franzino (CRD# 4734949) alleges misconduct in connection with insurance sales. Financial Industry Regulatory Authority records show that he is a broker with Ameritas Investment Company and the owner of J&M Financial Services, having previously been registered with NYLife Securities.
Mr. Franzino’s BrokerCheck report discloses one investor complaint. Filed in August 2023, it alleges forgery in connection with 14 life insurance policies and claims that the complainant “did not sign, consent or participate in the application process naming him insured and using his company bank account to pay a portion of the premiums.” The pending complaint alleges unspecified damages. In a statement included with the complaint’s disclosure, Mr. Franzino wrote that he “has no recollection of the transactions and cannot confirm who signed the documents.”
A second disclosure on his BrokerCheck report concerns his resignation from MML Investors Services. Filed in October 2021, it states that he was “permitted to resign” while the firm was conducting an internal review “with respect to sales practice issues regarding traditional life insurance products.”
According to the Financial Industry Regulatory Authority, John Franzino holds 19 years of securities industry experience. Based in Massapequa, New York, he has been a broker with Ameritas Investment Company and the owner of J&M Financial Services since 2021. His registration history includes MML Investors Services (Hauppage, New York; 2017-2021), MSI Financial Services (Hauppage, New York; 2015-2017), and NYLife Securities (Melville, New York; 2004-2015). His credentials include the passage of three securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Florida, New York, North Carolina, and South Carolina. (Information current as of October 3, 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.