Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Krishnamurthy Prasad (Prasad), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Prasad 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 $9,265.13 on July 03, 2023.
The Customer accepted the Company’s written offer of a one-time settlement after a requested review of the customer’s accounts, which showed the purchase of a fixed annuity in November 2016 contained proceeds of two existing variable annuities, which provided a better rate.