Tag Archives: New York Life Securities

FINRA Bars NYLife Stockbroker For Forgery

October 14, 2019  |   Posted by :   |   Forgery, Investment and Regulatory News, Variable Annuites   |   0 Comments

Christina Sabengsy (also known as Christina Ioana Colwell) of Deerfield Iowa a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that the signatures of NYLife Securities LLC customers had been forged by her on documentation to effect […]

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NYLife Securities LLC Blamed By Investors For Annuity Misconduct

Sudesh Kumar Jain of Dayton Ohio a stockbroker currently registered with NYLife Securities LLC is the subject of a customer initiated investment related written complaint which was resolved for $11,487.91 on January 9, 2019 founded on accusations that (1) the customer was placed into a variable annuity that failed to align with the customer’s financial […]

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Investors Sue NYLife Securities For Bad Insurance Recommendations

July 12, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Marlyn Leroy McClain of Council Bluffs Iowa a stockbroker currently employed by NYLife Securities LLC is referenced in a customer initiated investment related written complaint on May 14, 2018 where the customer sought $70,000.00 in damages supported by accusations that a variable universal life insurance contract was not appropriate for the customer given the customer’s […]

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NYLife Securities Sued For Woodbridge Mortgage Investment Fund

Alan Harold New of Fort Wayne Indiana a former NYLife Securities LLC registered representative is referenced in a customer initiated investment related civil action where the customer sought $400,000.00 in damages founded on allegations that omissions were made to the customer concerning the terms and risks pertaining to the Woodbridge Mortgage Investment Fund purchased by […]

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Customer Accuses NYLife Securities Of Fraud

Karley Carto of Johnston Rhode Island a former registered representative of NYLife Securities LLC is referenced in a customer initiated investment related written complaint on March 19, 2018 where the customer requested $62,370.00 in damages supported by allegations that the customer was misled in regard to two variable annuities that the customer was placed in. […]

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FINRA Bars NYLife Broker For Forgery

May 17, 2018  |   Posted by :   |   Forgery, Investment and Regulatory News   |   0 Comments

Craig Eugene Walker of Ridgeland Mississippi a registered representative of NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he signed a customer’s name on an annuity application without the customer’s authorization to effect the purchase of an annuity. […]

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NYLife Terminates Broker In Investigation

April 08, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Clifford Dexter Marks is a former registered representative of NYLife Securities LLC who has been terminated on June 17, 2016 amid an internal investigation into allegations of Marks placing transactions in customer accounts that were not suitable and executing an unapproved customer loan transaction and withdrawal from a customer’s account. Financial Industry Regulatory Authority (FINRA) […]

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NYLife Securities Accused Of Misleading Customer

March 07, 2018  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Kenneth Wayne Bailey of Abingdon Virginia is a former NYLife Securities LLC registered representative who is the subject of a customer initiated investment related written complaint on December 1 2016 in which the customer sought damages estimated to exceed five thousand dollars supported by allegations that the customer was misled concerning his replacement of variable […]

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New York Life Securities Broker Sells Fraudulent Promissory Notes

Next to stealing a customer’s investments, the next best thing is to sell the customer a promissory note. A promissory note, more commonly known in this context as an IOU, is a promise to pay typically interest and principal by a date certain, subject of course to the creditworthiness of the issuer. Promissory Notes According […]

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