Adam Mahd: $200K Complaint Against MML Advisor

A recent investor complaint against Southfield, Michigan financial advisor Adam Mahd (CRD# 4817500) alleges that her advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with MML Investors Services, having previously been registered with MSI Financial Services.

Mr. Mahd’s BrokerCheck report discloses two investor complaints. The most recent, filed in February 2024, alleges that as a representative of MML Investors Services, he recommended unsuitable investments in “volatile foreign companies, and risky bank and high-risk stocks” that resulted in losses. The pending complaint alleges damages of at least $200,000.

An earlier investor complaint, filed in 2015, alleged that as a MetLife Securities representative, he misrepresented the features of a variable annuity product. The complaint alleged damages of $34,982.82 and was denied by the firm.

MML Investors’ Services website includes a profile of Mr. Mahd that describes his background and focus areas, including insurance strategies and estate planning. “My combination of experience, professionalism and access to a wide variety of products and services can help you meet your financial goals, estate strategies and insurance needs,” his profile states. “Whether your goals include preparing for milestone life events like retirement or college, or whether you’re simply looking for life, disability income or long-term care insurance protection, I promise you a new level of attention, insight and capability.”

According to the Financial Industry Regulatory Authority, Adam Mahd holds 18 years of securities industry experience. Based in Southfield, Michigan, he has been registered as a broker with MML Investors Services since 2017. His past registrations include MSI Financial (Southfield, Michigan; 2015-2017), New England Securities (Southfield, Michigan; 2006-2015), and AXA Advisors (New York, New York; 2004-2005). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alabama, California, Florida, Indiana, Michigan, Missouri, Ohio, and Texas. (Information current as of March 16, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.