Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Farris (Farris), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Farris 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 $190,400.00 on February 07, 2024.
The customers allege they were misled and inadequately educated when they purchased a variable universal life insurance policy in October 2012. The customers have requested reimbursement of all premiums paid since the inception of the policy.