Securities Regulators Bar Cody Keller after Investigation
According to public records on March 19th, 2025, financial advisor Cody Keller (CRD#: 6669454) first registered with FINRA in March 2017 and later became a General Securities Representative in April 2023 with Northwestern Mutual. He reportedly resigned in August 2023 after the firm allegedly found he had “paid a customer from his personal account to avoid a complaint, engaged in undisclosed outside business activities, and provided misleading responses.”
Keller then joined MML Investors Services in August 2023 but was reportedly discharged in October 2024 for failing to disclose a Pennsylvania regulatory action. Despite no longer being registered, he remains under FINRA’s jurisdiction. In May 2024, Pennsylvania’s Insurance Department reportedly fined Keller $1,000 for misrepresenting how customers’ payments were allocated and for personally reimbursing a customer’s Roth IRA hardship withdrawal. He must also complete continuing education to maintain his insurance licenses.
Cody Keller, FINRA BrokerCheck Report
According to FINRA, Keller reportedly failed to provide information and documents that were requested during its investigation. As a result, Keller allegedly violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.
Cody Keller was reportedly registered with the following firms during his career in the securities industry:
08/17/2023 – 10/14/2024 MML INVESTORS SERVICES, LLC (CRD#:10409) MECHANICSBURG, PA
03/17/2017 – 08/30/2023 NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC (CRD#:2881) Mechanicsburg, PA
Broker Misconduct and Failure to Supervise
Broker misconduct occurs when financial advisors engage in unethical or fraudulent practices, such as misrepresenting investments, unauthorized trading, or misusing client funds. FINRA-registered broker-dealers have a duty to supervise their brokers to prevent such misconduct.
If the firm fails to supervise its brokers properly, it can be held liable through FINRA arbitration. Investors who suffer losses due to a broker’s misconduct can file a claim against both the broker and the firm, alleging failure to supervise. If a firm neglects this duty, it may be ordered to compensate the affected investor through an arbitration award.
Class Action Lawsuit vs. Individual FINRA Arbitration Lawsuit
You may wonder whether a large class action lawsuit is a better litigation option than an individual FINRA arbitration case. The answer depends on many factors, but typically if the loss sustained is large (say larger than $100,000), an individual arbitration claim is likely a better option. Class actions as a recovery option are more appropriate for grouping large numbers of individuals who have small claims – too small to generally pursue individually.
FINRA Lawsuits
If you have suffered investment losses with Cody Keller and Northwestern Mutual Investment Services, the securities attorneys at the White Law Group may be able to help you by filing a FINRA lawsuit. Please call our offices at (888) 637-5510 for a free consultation. We take cases in all 50 states including Pennsylvania.
National Securities Attorneys
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
Last modified: March 20, 2025
