Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Micheline Yacoub (Yacoub), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Yacoub recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on December 14, 2022.
Customers allege the three separate Variable Annuity policies they purchased between March 2022 and April 2022 did not provide any benefit to them as the products contained fees and holding periods that were not explained. The customers further allege that one of the variable policies was explained to them to be a fixed policy.