Lee Sanders: Investor Alleges Unsuitable Insurance Policy Sale By MML Rep

Lee SandersPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 18, 2018 indicate that Arkansas-based MML Investors Services broker/adviser Lee Sanders has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Sanders (CRD# 5243694).

Lee Sanders has spent 10 years in the securities industry and has been registered with MML Investors Services in Little Rock, Arkansas since 2010. Previous registrations include SWBC Investment Services in San Antonio, Texas (2009) and Merrill Lynch in Little Rock, Arkansas (2007-2009). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on February 14, 2014; Series 66 (Uniform Combined State Law Examination), which he obtained on November 12, 2007; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on July 16, 2007; and Series 24 (General Securities Principal Examination), which he obtained on June 18, 2013. He is a registered broker and investment adviser with three US states: Arkansas, Colorado, and Texas.

According to his BrokerCheck report, he has received one pending customer complaint and one customer complaint that was denied.

In November 2018 a customer alleged Lee Sanders, while employed at MML Investors Services, did not fully explain a Whole Life L100 insurance policy sold in 2015, specifically omitting that the customer would have to pay on the policy for 38 years, and that in light of this the policy was unsuitable. The customer is seeking unspecified damages in the pending complaint.

In 2015 a customer alleged Lee Sanders, while employed at MML Investors Services, did not properly explain the ramifications of using funds from an existing annuity to purchase a new one. The customer sought unspecified damages in the complaint, which was denied.

If you have complaints regarding Lee Sanders, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.