Nylife Securities LLC

There are Recent Customer Complaints with Broker Sharon Pensabene in Firm Nylife Securities LLC

April 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sharon Pensabene (Pensabene), previously associated with Nylife Securities LLC, has at least 5 disclosable events. These events include 5 customer complaints, alleging that Pensabene recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 10, 2025.

Customers allege that several forms on their life insurance policies related to dividend withdrawal, policy loans, and payment preferences contain signatures that are not theirs, therefore they have requested a review of these forms.

There are Recent Customer Complaints with Broker Jeffrey Perryman in Firm Nylife Securities LLC

April 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Perryman (Perryman), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Perryman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $2,436,000.00 on February 24, 2025.

The Claimants/Plaintiffs allege, among other things, that beginning in May 2017, Class A mutual fund shares were liquidated and repurchased; they were sold a large number of Variable Universal Life and Whole Life Insurance policies in excess of their insurance needs, and they were charged inappropriate advisory fees. The Customers seek rescission of the policies and refunding of all advisory fees, interest, and costs.

Broker Brian Chicas in Nylife Securities LLC Firm Has Customer Complaint

April 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Chicas (Chicas), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one regulatory event, alleging that Chicas recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 01, 2024.

Respondent Chicas failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

There are Recent Customer Complaints with Broker Lavern Bills in Firm Nylife Securities LLC

April 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lavern Bills (Bills), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bills recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on September 09, 2024.

Customer alleges the Variable Annuity policy he purchased in January 2021 was not clearly understood including the limitation to withdraw funds.

Broker Ronald Thompson in Nylife Securities LLC Firm Has Customer Complaint

March 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Thompson (Thompson), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Thompson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on January 24, 2025.

The Customers alleged that they were misled when they purchased variable universal life insurance policies in October 2015 and request the surrender of the policies without charges.

There are Recent Customer Complaints with Broker Michael Vauble in Firm Nylife Securities LLC

March 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Vauble (Vauble), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Vauble recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on January 27, 2025.

Policyowners allege that the RR recommended they purchase two fixed life insurance policies in October 2021 and told them the returns on investments from their existing Variable Annuities would assist to pay for the premiums.

Broker Madison Morgan in Nylife Securities LLC Firm Has Customer Complaint

March 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Madison Morgan (Morgan), currently associated with Nylife Securities LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Morgan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on September 03, 2024.

Customer alleges the Variable Universal Life insurance policy he purchased in January 2024 was not clearly understood at the time of sale, including the policy’s surrender charges, therefore he requests a total refund.

There are Recent Customer Complaints with Broker Paris Lewis in Firm Nylife Securities LLC

March 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paris Lewis (Lewis), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lewis recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $150,000.00 on September 10, 2024.

The claimant alleges that beginning in 2019, there were withdrawals from her variable annuity without her knowledge and consent. The claim seeks compensatory damages of approximately $150,000, plus interest, fees, costs, and other damages

Broker Pragnesh Bhatt in Nylife Securities LLC Firm Has Customer Complaint

March 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Pragnesh Bhatt (Bhatt), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bhatt recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $615,240.83 on September 16, 2024.

The Customer alleges he was misled when he purchased a variable annuity in June 2021 and that his request to reallocate the subaccounts was not followed. The Customer has requested the return of his investment, fees, and lost opportunity for a total of $615,240.83

There are Recent Customer Complaints with Broker Jeffrey Perryman in Firm Nylife Securities LLC

March 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Perryman (Perryman), previously associated with Nylife Securities LLC, has at least 6 disclosable events. These events include 5 customer complaints, one regulatory, alleging that Perryman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on October 07, 2024.

Without admitting or denying the findings, Perryman consented to the sanction and to the entry of findings that he refused to provide information and documents requested by FINRA in connection with its investigation into his potential undisclosed OBAs, including charging fees to a customer for services that he failed to disclose to his member firm.