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Kevin Paasch: MML Advisor Faces $1.1mm Complaint

A recent investor complaint against Virginia Beach, Virginia financial advisor Kevin Paasch (CRD# 2213833) alleges that his conduct resulted in seven-figure losses. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with MML Investors Services.

Mr. Paasch’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in February 2024, alleges that as a representative of MML Investors Services, he failed to follow instructions to sell and transfer assets, then transferred money from the customer’s joint account to one of its holders, “contrary to the instructions that had been given, resulting in financial harm.” The pending complaint alleges damages of $1.1 million.

An earlier investor complaint, filed in 2015, alleged that he misrepresented a variable annuity investment. The complaint alleged unspecified damages and was denied.

A third investor complaint, filed in 2015, similarly alleged that he misrepresented annuity investments. The complaint alleged damages of $15,495.75 and was denied by the firm.

MML Investors Services’ website includes a profile of Mr. Paasch that describes his background and credentials. “My combination of experience, professionalism and access to a wide variety of products and services can help you meet your financial goals, estate strategies and insurance needs,” it states. “Whether your goals include preparing for milestone life events like retirement or college, or whether you’re simply looking for life, disability income or long-term care insurance protection, I promise you a new level of attention, insight and capability.”

According to the Financial Industry Regulatory Authority, Kevin Paasch holds 32 years of securities industry experience. Based in Virginia Beach, Virginia, he has been a broker and an investment advisor with MML Investors Services since 2005. His past registrations include Investacorp (Miami, Florida; 2004-2005), Banc of America Investment Services (Boston, Massachusetts; 2004), Quick & Reilly (New York, New York; 2002-2004); CUNA Brokerage Services (Waverly, Iowa; 1993-2002), American Express Financial Advisors (Minneapolis, Minnesota; 1992) and IDS Life Insurance Company (Minneapolis, Minnesota; 1992). His credentials include the passage of eight securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He holds 23 state licenses. (Information current as of March 3, 2024.)

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.

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