Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald Peterson (Peterson), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Peterson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on March 11, 2025.
Customer alleges that the Variable Annuity policy purchased in December 2024 using funds transferred from his SIMPLE IRA was not clearly understood to be a new type of investment. He had originally intended to exchange positions within his existing SIMPLE IRA and requests the funds to be returned to his SIMPLE IRA.