John Thomas Alexander III of Charlotte North Carolina a broker formerly registered with NYLife Securities LLC is referenced in a customer initiated investment related written complaint which settled for $93,052.21 on October 18, 2017 supported by accusations that (1) the customer had been provided poor advice concerning the insurance, mutual fund and annuity products purchased for the customer’s account and (2) fiduciary duties owed to the customer were breached and (3) and benefits, options or funding techniques conflicted with customer’s objectives for investing.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on April 19, 2017, a customer initiated investment related complaint regarding Alexander’s conduct was resolved for $243,147.27 in damages founded on allegations that unauthorized withdrawals had been effected from the customer’s bank account; and the customer’s funds were misappropriated.
