Joel Vincent Flaningan of Fort Wayne Indiana a stockbroker formerly registered with NYLife Securities LLC has been discharged by the firm on May 10, 2018 based upon allegations that Flaningan took part in the solicitation of Woodbridge Mortgage Investment Fund (an unregistered entity that went bankrupt) without notifying and procuring approval from NYLife Securities LLC.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer filed an investment related civil action involving Flaningan’s conduct where the customer sought unspecified damages supported by accusations that risks and terms of Woodbridge Mortgage Investment Fund had not been disclosed to the customer when the customer purchased the investment in April of 2017. Civil Action No. 02D01-1804-PL-000120 (Apr. 17, 2018).
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