Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vandalia Pizarro (Pizarro), previously associated with Nylife Distributors LLC, has at least one disclosable event. These events include one tax lien, alleging that Pizarro recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on November 15, 2024.
Without admitting or denying the findings, Pizarro consented to the sanctions and to the entry of findings that she willfully failed to timely amend her Form U4 to disclose that she had been charged with, and subsequently pled nolo contendere to, misdemeanor theft. The findings stated that Pizarro was charged by information with one count of misdemeanor petit theft. Athough Pizarro was aware that she had been charged with a misdemeanor petit theft, she did not amend her Form U4 to disclose the charge within 30 days, as she was required to do. Ultimately, Pizarro did not amend her Form U4 to disclose either the misdemeanor petit theft charge or the nolo contendere plea until approximately eight months after the initial charge.
