Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Leizl Lacida (Lacida), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lacida recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on April 11, 2024.
Upon review of the customer’s variable annuity activity related to a partial surrender in February 2023 to fund a fixed annuity as well as a full surrender in July 2023 to fund a separate fixed annuity, the Firm determined that the fixed annuity policies were not properly authorized by the client. The customer executed a settlement agreement that the Firm provided to her after its review of the transactions.