Chander Ketu Goel, of New York, New York, a stockbroker registered with NYLife Securities LLC, has been terminated from employment on June 29, 2016, based upon allegations that he engaged in unauthorized activities by instructing an assistant of his to cover insurance policy premium payments to keep policies intact.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that Goel has been identified in two customer initiated investment related disputes containing allegations of his wrongdoing while employed with NYLife Securities. Particularly, on July 20, 2016, a customer initiated investment related written complaint regarding Goel’s activities was settled to resolve allegations that he made misrepresentations to the customer concerning a life insurance policy. Moreover, the customer claimed that Goel failed to provide her with information about fees that would be charged to the customer monthly and omitted information about a penalty for liquidating the policy before its maturity.
Goel is also the subject of a customer initiated investment related written complaint, which settled for $16,941.41 in damages on June 7, 2017, based upon allegations that he made misrepresentations to the customer regarding the terms and conditions of a variable universal life insurance policy purchased by the customer in September of 2015.
Since August 31, 2016, Goel has been associated with MML Investors Services, LLC.
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