Kuldeep Madan: MML Advisor Receives $1 Million Complaint

Melville, New York financial advisor Kuldeep Madan (CRD# 6114646) recently received an investor complaint alleging that his conduct resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with MML Investors Services, doing business as Madan + Associates.

Mr. Madan’s BrokerCheck report discloses one investor complaint. Filed in October 2024, it alleges that as a representative of MML Investors Services, he made misrepresentations regarding the risks and benefits of life insurance policies purchased with death benefits. The pending investor complaint alleges damages of at least $1,000,000.

Madan + Associates’ website includes a page that describes the firm’s chief offering, premium financing life insurance. “Premium financing is a structured system, requiring the coordination of multiple parties and investment sources. Implementation decisions are always made based on detailed analysis, including viability assessments and personalized strategic plan design,” it explains. “Our process is collaborative, allowing clients to assess risk and visualize potential results at every step.”

According to the Financial Industry Regulatory Authority, Kuldeep Madan holds 11 years of securities industry experience. Based in Melville, New York, he has been registered as a broker and an investment advisor with MML Investors Services since 2016 and 2021, respectively, doing business as Madan + Associates. He was previously registered with NYLife Securities in Oklahoma City, Oklahoma from 2013 until 2016. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 26 state licenses. (Information current as of October 19, 2024.)

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