Claudio Gambin (CRD#: 5752180), a registered representative with MML Investors Services LLC (CRD#: 10409), is currently under investigation by Florida securities regulators, according to his BrokerCheck record accessed on July 22, 2020. Why is Claudio Gambin under investigation? Read on to learn more.
On May 29, 2020, the Florida Department of Financial Services initiated an investigation into Claudio Gambin’s business practices. The investigation will determine whether or not he violated the provisions of the Florida Insurance Code. The investigation is ongoing.
This recent investigation is not the only disclosure on Claudio Gambin’s BrokerCheck record. On January 15, 2020, a customer filed an investor complaint against Claudio Gambin. The customer alleged that Claudio Gambin made misrepresentations regarding the premium account they would be required to pay for a non-variable life insurance policy. The customer used funds from their investment account with Northwestern Mutual Investment Services LLC to pay these premiums. The customer sought $79,708.46 in damages and the matter ultimately settled for the same sum.