Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 21, 2017 indicate that Connecticut-based MML Investors Services broker/adviser Patrick Howell has been named in a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Howell (CRD# 4759452).
Patrick Howell has spent 11 years in the securities industry and has been registered with MML Investors Services in Hamden, Connecticut since May 2017. Previous registrations include Ameriprise Financial Services in Troy, Michigan (2014-2015); Royal Alliance Associates in Birmingham, Michigan (2009-2014); Sigma Financial Corporation in Birmingham, Michigan (2009); National Planning Corporation in Novi, Michigan (2006-2009); and Investors Capital Corporation in Bingham Farms, Michigan (2004-2006). He has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination); Series 63 (Uniform Securities Agent State Law Examination); and Series 7 (General Securities Representative Examination). He is a registered broker and investment adviser with two US states: Connecticut and Michigan.
According to his BrokerCheck report, he has received one pending customer complaint.
In 2016 a customer alleged Patrick Howell, while employed at Royal Alliance Associates, caused an error resulting in adverse tax consequences in a mutual fund investment. The customer is seeking $100,000 in damages in the pending complaint.
A mutual fund combines a collection of stocks, bonds, or other securities. The collection is referred to as a portfolio. Each share of a portfolio represents the investor’s ownership of the fund’s holdings and the income generated by these holdings. Mutual funds typically generate money for investors either by way of dividends on stocks and interests on bonds, or a capital gain on the sale of securities. Mutual funds also allow you to receive a check for the distributions or simply reinvest the earning into more shares. They are often inexpensive and easy to purchase; they also generally allocate risk well, and bring the benefit of professional management. However, they may also come with hidden fees, and trigger a capital gains tax when a fund manager sells a security. Brokers and investment advisers who engage in misconduct related to mutual fund investments may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you have lost money investing with Patrick Howell, 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.