Former Peoria, Arizona financial advisor Scott Taubman (CRD# 4809824) was recently sanctioned and suspended in connection with alleged rule violations....
Read MoreLien Nguyen: $MML Advisor Lands $407K Complaint
Los Angeles financial advisor Lien Nguyen (CRD# 2662699) recently received an investor complaint alleging that her conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that she is a broker registered with MML Investors Services, having previously been registered with MSI Financial Services.
Ms. Nguyen’s BrokerCheck report discloses one investor complaint. Filed in November 2023, it alleges that as a representative of MetLife Securities, he misrepresented material facts in connection a variable annuity product and promised that the investor “would receive a larger 4% return in profits on his investment.” The pending complaint alleges damages of $407,141.87.
Investors should be aware that the “misrepresentation” information regarding investment recommendations is prohibited under FINRA rules. For example, FINRA Rule 2020 stipulates that no broker may “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Brokers who misrepresent the investments they recommend may be held liable in the event of losses.
According to the Financial Industry Regulatory Authority, Lien Nguyen holds 26 years of securities industry experience. Based in Los Angeles, California, she has been a broker with MML Investors Services since 2017. Her past registrations include MSI Financial Services (Woodland Hills, California; 1997-2017) and Metropolitan Life Insurance Company (Westlake Village, California; 1997-2007). Her 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. She is licensed in California. (Information current as of December 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.
