National investment loss lawyers KlaymanToskes is investigating broker Gerry Linarducci of MML Investors Services (CRD #2807047).
According to court documents from an SEC complaint, Gerardo Lorenzo Linarducci a/k/a Gerry Linarducci, a former registered representative for MML Investors Services, sold investments in the alleged Ponzi scheme Drive Planning, LLC, and misrepresented investment returns to prospective investors while failing to disclose that payments would come from new investors.
Investors that suffered losses with broker Gerry Linarducci are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor Gerardo Lorenzo Linarducci, also known as Gerry Linarducci, was formerly employed by MML Investors Services, LLC in Indianapolis, IN. He has recently been linked to the sale of Drive Planning, LLC.
The Securities and Exchange Commission (“SEC”) has charged Drive Planning, LLC with running a $300 million Ponzi scheme. According to court documents from the SEC’s complaint, Linarducci told potential investors that he was a “managing director” of Drive Planning. He allegedly promised these investors a guaranteed 10% return on their money. However, he did not tell them that the returns would come from new investors’ money. The judge in the Drive Planning, LLC SEC case has appointed a receiver to manage the assets and recoverable assets until further notice from the court.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Gerry Linarducci. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Gerry Linarducci, or have concerns regarding your investment portfolio at MML Investors Services, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.