Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Savini (Savini), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Savini recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on April 19, 2023.
Customer alleges he was misled into rolling over his deferred compensation plan into a variable annuity in October 2022. Customer further alleges that the recommended VA now precludes him from withdrawing his money without surrender charges. Customer requests waiving the surrender charges so that he can move his assets.