Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on July 2015 indicate that Texas-based MetLife broker Melissa Cox, also known as Melissa McCarley, has been the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Cox (CRD# 4200090).
Melissa Cox has spent 15 years in the securities industry and has been registered with MetLife Investors Distributors Company in Arlington, Texas since 2014. Previous registrations include MetLife Securities in Springfield, Massachusetts; UBS Financial Services in Addison, Texas; the Leaders Group in Littleton, Colorado; and Merrill Lynch in Dallas, Texas. She is a registered broker with seven US states and territories: Georgia, Kentucky, Mississippi, Montana, New Mexico, New York, and Texas.
According to her BrokerCheck report, Melissa Cox has received one customer complaint and one pending customer complaint.
In October 2015, a customer alleged Melissa Cox, while employed at the Leaders Group, misrepresented material facts related to an unsuitable life insurance policy. The customer is seeking $1,000,000 in damages in the pending complaint.
In 2008, a customer alleged Melissa Cox, while employed at Merrill Lynch, misrepresented material facts related to the purchase of an insurance policy. The complaint settled in 2009 for $115,000.
Federal securities law prohibits brokers like Melissa Cox from making untrue or false statements that can mislead their clients — an act referred to as “misrepresentation.” They are also forbidden from omitting material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you have complaints regarding Melissa Cox, call the securities and investment fraud law firm 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.