Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Morris (Morris), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Morris 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 $7,756.34 on January 19, 2021.
Customer alleges the Variable Annuity policy she purchased in April 2019 was originally understood to be a rollover of her existing annuity with her previous broker-dealer and that she did not understand that a new surrender period had been created. Customer further alleges that the fees associated with this policy are further eroding her balance therefore she is requesting a surrender of this policy without any fees as well as a reimbursement of any fees associated with this annuity.