Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chuling Hsiao (Hsiao), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hsiao 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 $56,496.27 on February 22, 2023.
The policyowner alleges that he unknowingly entered into two variable annuity contracts in December 2021 with an eight year surrender charge period with funds from his matured fixed annuity policy. The customer wants to cancel both of the variable annuity policies free of surrender fees.