Brett Michael Williams of Tifton Georgia a former NYLife Securities registered representative has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Williams failed to report information to FINRA after it was formally requested from him. Case No. 2017056053701 (Apr. 12, 2018).
FINRA Public Disclosure confirms that FINRA issued Williams a Notice of Suspension letter on January 9, 2018, and suspended him on February 2, 2018. Williams was required to request that his suspension be terminated no later than April 11, 2018 to avoid being barred. Williams’ failure to communicate with FINRA by that time caused him to be barred by FINRA in all capacities on April 12, 2018.
Shortly before FINRA’s regulatory action against Williams, on September 25, 2017, NYLife Securities LLC discharged Williams for violating the firm’s policies by submitting unauthorized life insurance applications for several of the firm’s policyowners.
Moreover, on May 8, 2018, a customer filed an investment related complaint concerning Williams’ conduct in which the customer alleged that Williams established a fixed universal life contract on April 28, 2017 without the customer’s permission. Apparently, the customer’s signature was forged by Williams on the life insurance policy documentation.
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