Advisor Alert: Our Attorneys Are Investigating Teena Ann Milldebrandt For Investment Fraud
Did You Lose Money Because of Teena Milldebrandt?
Filed: November 15, 2023
Teena Milldebrandt (also known as Teena Ann Semmons) has been the subject of three (3) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Teena Ann Milldebrandt.
Who Is Teena Ann Milldebrandt of Cetera Advisor Networks LLC and Cetera Investment Advisers LLC?
- Advisor Name: Teena Ann Milldebrandt
- Aliases: Teena Milldebrandt, Teena Ann Semmons
- CRD: 4535766
- Location: Scottsdale, Arizona
- Current Employer: Cetera Advisor Networks LLC and Cetera Investment Advisers LLC
- Previous Firms: Metlife Securities Inc.
- Number of Known Customer Complaints: 3
- Can Teena Milldebrandt Be Sued: Yes, in Private Arbitration
- Can Teena Milldebrandt’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation:
- Highest Settlement:
If you have suffered investment losses by Teena Milldebrandt, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Teena Milldebrandt For Broker Misconduct
As of this publication date, Teena Milldebrandt has been the subject of 3 customer disputes. Let’s review them below.
In August 2020, a complaint was filed against or in reference to Teena Milldebrandt by a customer of Cetera Advisor Networks LLC alleging product unsuitability.
In February 2010, a complaint was filed against or in reference to Teena Milldebrandt by a customer of Thrivent Investment Management Inc. alleging that the two Variable Annuity Universal Life Contracts issued in September 2005 were not suitable as there was no need for additional insurance for either of them. Per the customer, he/she lost over $80,281.44 because of Ms. Milldebrandt’s actions. On March 31, 2010, Ms. Milldebrandt settled the claim for $20,547.25, and some or all of this amount may have been paid by Ms. Milldebrandt’s employer and/or insurance carrier.
In September 2009, a complaint was filed against or in reference to Teena Milldebrandt by a customer of Thrivent Investment Management Inc. alleging Ms. Milldebrandt’s continuous recommendations of moving funds from one annuity to another and purchasing more insurance than needed has resulted in substantial costs, excess tax payments and significant market losses. Two variable annuities issued July 2005, one variable annuity issued Sept. 2006, one variable universal life issued June 2005, one variable immediate annuity issued June 2005, and one fixed immediate annuity issued July 2005. Per the customer, he/she lost over $59,624.19 because of Ms. Milldebrandt’s actions. On September 16, 2010, Ms. Milldebrandt settled the claim for $46,187.45, and some or all of this amount may have been paid by Ms. Milldebrandt’s employer and/or insurance carrier.
How To File A Claim Against Teena Milldebrandt of Cetera Advisor Networks LLC and Cetera Investment Advisers LLC (previously with Metlife Securities Inc.) To Get Your Money Back.
If you have questions about Teena Milldebrandt, Cetera Advisor Networks LLC, Cetera Investment Advisers LLC, Metlife Securities Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.