Northwestern Mutual Investment Services, LLC Mutual Fund NAV Transfers
This case is closed. You may review eligibility and related claims information for reference only.
Who is eligible for remediation?
Clients of Northwestern Mutual Investment Services (NMIS) who purchased shares of mutual funds during the period January 1, 2002 through June 28, 2007, and qualified for, but did not receive, the benefit of an NAV Transfer Program, subject to certain exclusions.
If I am eligible, when can I expect to be remediated?
The settlement provides that the remediation will be completed by January 24, 2008. The firm will also establish a response team to handle customer inquiries, and will provide you with contact information.
What options are available to investors?
The remediation plan does not foreclose your ability to pursue arbitration or mediation if you believe you have suffered losses. You should consult an attorney as to your rights.
- Press Release, NASD Settles Cases Against MML Investors Services, NYLIFE Securities, Securities America and Northwestern Mutual Investment Services for Fines Totaling over $1.2 Million for Failures Relating to Mutual Fund Sales.
- Investor Alert: Net Asset Value Transfers: Look Before You Leap Into Another Mutual Fund.
- FINRA Fund Analyzer allows investors and financial professionals to review fees and potential discounts and understand their impact on fund performance.