Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Clough (Clough), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Clough recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on April 13, 2022.
Customer alleges that in or around January 2022, he was misled regarding the impact of a partial withdrawal on the value of the Guaranteed Minimum Death Benefit of a Variable Annuity purchased in January 2005. Customer alleges that he was told that the death benefit was locked in.