{"id":19078,"date":"2020-07-16T11:41:56","date_gmt":"2020-07-16T16:41:56","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19078"},"modified":"2020-07-16T11:41:56","modified_gmt":"2020-07-16T16:41:56","slug":"northwestern-mutual-investment-services-fined","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/northwestern-mutual-investment-services-fined\/","title":{"rendered":"Northwestern Mutual Investment Services Fined $350K for Inadequate Supervision of Ex-Broker Sampson Pearson"},"content":{"rendered":"

Former Financial Representative Is Facing Criminal Trial for Annuity Fraud\u00a0<\/span><\/h2>\n

The Financial Industry Regulatory Authority (FINRA) has fined Northwestern Mutual Investment Services $350K for <\/span>failing to properly supervise<\/span><\/a> former stockbroker, Sampson Pearson, which enabled him to defraud customers of $570K. Northwestern Mutual Investment Services is the brokerage arm of Northwestern Mutual Life Insurance Co.<\/span><\/p>\n

Pearson, who was barred by the self-regulatory organization (SRO) in 2017, is charged in federal court with aggravated identity theft, mail fraud, and filing false tax returns. According to his <\/span>BrokerCheck record<\/span><\/a>, he is named in 13 disclosures, including 11 customer disputes.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Former Financial Representative Is Facing Criminal Trial for Annuity Fraud\u00a0 The Financial Industry Regulatory Authority (FINRA) has fined Northwestern Mutual Investment Services $350K for failing to properly supervise former stockbroker, Sampson Pearson, which enabled him to defraud customers of $570K. Northwestern Mutual Investment Services is the brokerage arm of Northwestern Mutual Life Insurance Co. Pearson, […]<\/p>\n","protected":false},"author":2,"featured_media":19079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3774,3777],"tags":[4257,4384,4385],"class_list":["post-19078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-dealers","category-inadequate-supervision","tag-failure-to-supervise","tag-northwestern-mutual-investment-services","tag-sampson-pearson"],"yoast_head":"\nNorthwestern Mutual Investment Services Fined For Inadequate Supervision | SSEK Law<\/title>\n<meta name=\"description\" content=\"Northwestern Mutual Investment Services was fined $350K for inadequately supervising ex-stockbroker, Sampson Pearson. 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