Lester Hamrick: MML Advisor Lands $100K-$500K Complaint

Tallahassee, Florida financial advisor Lester Hamrick (CRD# 5208155) recommended an unsuitably risky investment strategy, according to an investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with MML Investors Services, also known as MassMutual.

Mr. Hamrick’s BrokerCheck report discloses one investor complaint. Filed in January 2025, it alleges that as a representative of MML Investors Services, he recommended an unsuitable investment strategy, including high-risk investments in exchange-traded funds, that caused the loss of a significant amount of the clients’ life savings. The pending complaint alleges damages between $100,000 and $500,000.

MassMutual’s website includes a profile of Mr. Hamrick in which he describes his “professional story” and services to his clients. “My background, experience and commitment to providing you with the resources you need to make financial decisions can help make your financial future as successful as you need it to be,” he explains. “I pride myself in getting to know each client so that I can understand their individual needs and what matters most to them.”

According to the Financial Industry Regulatory Authority, Lester Hamrick holds 17 years of securities industry experience. Based in Tallahassee, Florida, he has been registered as a broker and an investment advisor with MML Investors Services since 2020. His past registrations include Securities America (2016-2020) and Park Avenue Securities (2007-2016). His credentials include the passage of four securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Securities Industry Essentials Examination, or SIE. He is licensed in Florida, Georgia, Maryland, North Carolina, South Carolina, and Texas. (Information current as of February 6, 2025.)

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