Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Loann Thompson (Thompson), currently associated with Nylife Securities LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Thompson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on March 23, 2021.
The customer alleges the variable annuity she purchased in or around February 2018 was not in line with her stated financial objectives. Specifically, the customer alleges she communicated the need for liquidity and now faces early withdrawal penalties from the IRS.