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Michael Arnheiter: Insurance Complaint Against Ex-MML Rep

Michael Arnheiter

Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 26, 2019 indicate that former Massachusetts-based MML Investors Services broker/adviser Michael Arnheiter has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Arnheiter (CRD# 1684172).

Michael Arnheiter has spent 31 years in the securities industry and was most recently registered with MML Investors Services in Boston, Massachusetts (2019). Previous registrations include NYLife Securities in Waltham, Massachusetts (1996-2018); Mony Securities Corporation in New York, New York (1988-1996); the Mutual Life Insurance Company of New York in New York, New York (1988-1990); and Pruco Securities (1987-1988). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 13, 2000; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 3, 1990; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on July 28, 1987. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one pending customer complaint and three customer complaints that were closed and denied.

In May 2019 a customer alleged Michael Arnheiter, while employed at NYLife Securities, electronically drafted monthly premiums for two fixed term life insurance policies without authorization. The customer is seeking $4,690 in damages in the pending complaint.

In 2010 a customer alleged Michael Arnheiter, while employed at NYLife Securities, did not disclose the fees and charges associated with two variable annuity policies. The customer sought unspecified damages in the complaint, which was denied.

In 2010 a customer alleged Michael Arnheiter, while employed at NYLife Securities, did not inform her about the fees and surrender charges associated with a variable annuity policy. The customer sought more than $166,800 in damages in the complaint, which was closed with no action taken.

If you have lost money investing with Michael Arnheiter, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. 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.