Have you lost money with financial advisor Floyd Powell from Albertville, Alabama? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Floyd E. Powell. FINRA barred Powell from the securities industry. Powell was being investigated regarding allegations that he sold $3.5 million in investments in the Woodbridge Group of Companies. Last year, Woodbridge filed for bankruptcy, and investors will likely suffer substantial losses.
Floyd Powell was a registered representative and financial advisor with MetLife Securities from 1992 to March 2017. He also worked with MML Investors Services from March 2017 to February 2018. He worked out of a branch office in Albertville, Alabama. He also has been the subject of numerous customer complaints for his sales of Woodbridge.
Broker-dealers like MetLife Securities and MML Investors Services have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Alabama. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including MetLife Securities and MML Investors Services.
Click to view: Floyd Powell BrokerCheck
Click to view: Floyd Powell FINRA AWC
If you have lost money with Floyd Powell, MetLife Securities, MML Investor Services, or Woodbridge, and want to hear about ALL legal options, please visit https://www.israelsneuman.com/ or call us at 720-599-3505.