Mark Cramer, Formerly of MML Investors Services, Suspended and Fined by FINRA

Mark Cramer is facing allegations of forging a client’s signature on a variable annuity application.

The Sonn Law Group is investigating allegations that Mark Cramer committed misconduct. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.

Mark Cramer (CRD#:1313587)consented to the sanctions and to the entry of findings that he forged a customer’s signature on an application to purchase a variable annuity and on other documents associated with opening an IRA while associated with a member firm.

The findings stated that the versions of the variable annuity application and account opening documents signed by the customer in February 2017 were outdated. Following the meeting with the customer, Cramer forged the customer’s signature on updated versions of the variable annuity application and account opening documents. Cramer then submitted those documents to his firm for processing, causing the firm’s books and records to be inaccurate.

The sanctions imposed by FINRA include

• a suspension from association in any and all capacities with any FINRA member firm for two months; and
• a $5,000 fine.

Also included on Cramer’s BrokerCheck report is the customer dispute containing similar allegations. The dispute was settled for $456,990.

Prior to his employment with MML Investors Services, Cramer was assocated with MSI Financial Services from 1984 until 2017.

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional committed acts in violation of FINRA Rules, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.