Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Nichols (Nichols), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Nichols recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on March 24, 2024.
With regard to a fixed annuity policy purchased in April 2016, the Policyowner alleged the funds, received from another firm, were intended as a retirement investment and due to inaccurate information received from the RR, she missed growth opportunity for several years.