Lorraine Geiss: MML Terminates Rep Over “Customer Issues”
Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 26, 2019 indicate that former Wisconsin-based MML Investors Services broker/adviser Lorraine Geiss has received resolved or pending pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Geiss (CRD# 1982429).
Lorraine Geiss has spent 29 years in the securities industry and was most recently registered with MML Investors Services in Milwaukee, Wisconsin (2017-2019); MSI Financial Services in Milwaukee, Wisconsin (2016-2017); Wall Street Financial Group in Franksville, Wisconsin (1994-2016); and First Investors Corporation in New York, New York (1989-1993). She has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which she obtained on September 27, 2004; Series 63 (Uniform Securities Agent State Law Examination), which she obtained on September 20, 1989; SIE (Securities Industry Essentials Examination), which she obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which she obtained on August 9, 2000; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which she obtained on August 30, 1989; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which she obtained on November 20, 1990. She is currently not registered with any state or firm.
According to her BrokerCheck report, she has received one customer complaint, one pending customer complaint, and three regulatory sanctions, and she was discharged from her former employer in connection to alleged rule violations.
In June 2019 she was terminated from her position at Massachusetts Mutual Life Insurance Company in connection to “customer issues” that included admitting to signing a “signature of convenience” to expedite a transaction; failing to expeditiously process a funds deposit; reusing a customer signature page; and failing to properly advise a customer in connection to certain tax issues.
In May 2019 a customer alleged Lorrane Geiss, while employed at MML Investors Services, signed a name on a distribution form without his knowledge and did not make him aware that the account she established for him was an IRA account. The customer is seeking $12,000 in damages in the pending complaint.
In 2006 a customer alleged Lorrane Geiss, while employed at Wall Street Financial Group, misrepresented material facts and provided dissatisfactory performance and service. The complaint settled for more than $9,900.
In 2003 the National Association of Securities Dealers sanctioned her in connection to allegations she sold private transactions without firm consent. In connection with these findings, she was issued a 30-day suspension and a fine of $5,000.
If you have lost money investing with Lorrane Geiss, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.