Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jim Massung (Massung), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Massung 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 $15,931.03 on April 20, 2020.
The customer alleged that the RR misrepresented the features of a Mainstay investment product and failed to advise the customers that the product featured a daily withdrawal limit.