Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 21, 2018 indicate that Tennessee-based MML Investors Services broker/adviser Milton Knowlton has been named in a state regulatory investigation into alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Knowlton (CRD# 272651).
Milton Knowlton has spent 48 years in the securities industry and has been registered with MML Investors Services in Memphis, Tennessee since 1982. Previous registrations include Massachusetts Mutual Life Insurance Company (1969-1988) and Decell Securities Corporation (1980-1983). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 21, 1983; Series 22 (Direct Participation Programs Representative Examination), which he obtained on October 27, 1983; and V06 (Variable Annuities Module Examination), which he obtained on December 12, 1969. He is a registered broker and investment adviser with ten US states and territories: Arkansas, Colorado, Florida, Georgia, Maryland, Mississippi, Missouri, Tennessee, Texas, and Virginia.
According to his BrokerCheck report, he has received one denied customer complaint and was recently named in a regulatory investigation.
In February 2018 he was named in an investigation by the State of Tennessee Department of Commerce and Insurance in connection to a customer complaint concerning the alleged unsuitable sale of a replacement annuity policy that resulted in a loss. The investigation remains pending.
In 2017 a customer alleged Milton Knowlton, while employed at MML Investors Services, misrepresented material facts related to a variable life insurance policy. The customer sought more than $137,000 in damages in the complaint, which was denied.
If you or someone you know has lost money investing with Milton Knowlton, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: 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.