Investors Allege Josh Steinfeld Omitted Information About Annuities

Josh Steinfeld (CRD #: 5560704), a broker registered with MML Investors Services, allegedly failed to provide information regarding certain annuities, according to his BrokerCheck record, accessed on September 2, 2022. If you want to know more about his conduct as a broker, keep reading.

Investor Disputes

On June 24, 2022, an investor alleged that Josh Steinfeld failed to disclose that a fixed annuity purchased in 2017 was irrevocable. This dispute was denied by the firm.

In a dispute filed on March 11, 2020, an investor alleged that Josh Steinfeld failed to inform him of the purchase of an irrevocable annuity that did not meet his investment growth objectives. The client sought $215,874.80 in damages but was denied by the firm.

Investors should know that firms can deny disputes without an external review, and investors can still seek out FINRA arbitration following a denial.

FINRA Rule 2020

The misrepresentation or omission of information related to investments violates FINRA Rule 2020, which bans the use of deception, manipulation, and other fraudulent means of influencing the purchase and sale of securities.

Background Information

Josh Steinfeld has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 26 – Investment Company Products/Variable Contracts Principal Examination

Josh Steinfeld is a registered broker in seven states and a registered investment adviser in California.

He has also worked for the following firms:

• Prudential Financial Planning Services (CRD#:5685)
• Pruco Securities (CRD#:5685)
• NYLIFE Securities (CRD#:5167)

Kurta Law Can Help

If you worked with Josh Steinfeld and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.