James Wayne Brink of Stockton California a prior broker of NYLife Securities LLC has been discharged by the firm on December 29, 2016 founded on accusations that (1) Brink engaged in outside business activities without having procured the firm’s permission and (2) Brink violated the firm’s policy by engaging in activities when Brink took possession of two customers’ funds for purposes of making real estate investments outside the firms auspices.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on December 6, 2016, a customer filed an investment related complaint regarding Brink’s conduct in which the customer requested $25,000.00 in damages based upon allegations that Brink was loaned funds by the customer via promissory note so that a real estate investment transaction could be consummated.
