Nylife Securities LLC

October 6, 2026 | by Staff Attorney

The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as Nylife Securities LLC. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.

NYLIFE Securities LLC is the broker-dealer of New York Life Insurance Company, offering brokerage services and investments such as mutual funds, stocks, and variable annuities to clients of New York Life. Registered with the SEC since 1970 and based in New York City, it is a wholly owned subsidiary of New York Life, a Fortune 100 company and one of the largest insurance companies in the world.

Nylife Securities LLC – By the Numbers:

There are Recent Customer Complaints with Broker Scott Tally in Firm Nylife Securities LLC

August 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Tally (Tally), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tally recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $11,326.89 on May 20, 2026.

Customer allege the Variable Annuity policies the purchased between June 2018 – June 2022 were not suitable recommendations.

Broker Kelly Decker in Nylife Securities LLC Firm Has Customer Complaint

August 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kelly Decker (Decker), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Decker recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on May 21, 2026.

The customer alleges he was misled when he purchased two variable annuities in February 2021 and July 2024.

There are Recent Customer Complaints with Broker Patrick Miller in Firm Nylife Securities LLC

August 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Miller (Miller), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Miller recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on May 21, 2026.

The customer alleges that the Variable Annuity policy he purchased in September 2025 was not fully understood including the applicable surrender charges.

Broker Cody Greene in Nylife Securities LLC Firm Has Customer Complaint

August 12, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cody Greene (Greene), currently associated with Nylife Securities LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Greene recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 24, 2020.

Customers allege the Variable Annuity policy they each purchased in February 2020 were initially understood to allow for a larger monthly contribution that would meet the $5,000 minimum annual contribution while providing for a lower annual fee and a 7 year surrender charge period. They were later informed that the specific Variable Annuity they purchased does not allow for monthly contributions and that the surrender charge period would reset with each additional contribution therefore the customers are looking to reverse the purchase of these policies.

Broker Gobind Hemnani in Nylife Securities LLC Firm Has Customer Complaint

August 6, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gobind Hemnani (Hemnani), currently associated with Nylife Securities LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Hemnani recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 02, 2020.

The customer alleged that a the market risk of a variable universal life insurance policy issued on or about September 18, 1998 had been misrepresented.

There are Recent Customer Complaints with Broker Louis Bayhi in Firm Nylife Securities LLC

August 2, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Louis Bayhi (Bayhi), currently associated with Nylife Securities LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Bayhi 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 $11,002.00 on June 29, 2020.

The customer alleges the RR never advised him in September 2019 that he would incur a tax obligation when he recommended that he exchange one fund for another in his Mainstay mutual fund account. As a result of the poor recommendation, the customer alleged he incurred an $11,000 additional tax obligation and he is requesting to be made whole for the extra taxes incurred.

Broker Kerry Beslin in Nylife Securities LLC Firm Has Customer Complaint

August 1, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kerry Beslin (Beslin), currently associated with Nylife Securities LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Beslin 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 $11,002.00 on June 29, 2020.

The customer alleges the RR never advised him in September 2019 that he would incur a tax obligation when she recommended that he exchange one fund for another in his Mainstay mutual fund account. As a result of the poor recommendation, the customer alleged he incurred an $11,000 additional tax obligation and he is requesting to be made whole for the extra taxes incurred.

There are Recent Customer Complaints with Broker Nicholas Cannady in Firm Nylife Securities LLC

July 30, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicholas Cannady (Cannady), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cannady recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on March 06, 2020.

Customer alleges the Variable Annuity policy she purchased in June 2018 contains a multitude of restrictions that were not clearly explained to her at the time of sale.

Broker David Muma in Nylife Securities LLC Firm Has Customer Complaint

July 26, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Muma (Muma), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Muma recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on March 19, 2020.

Customer alleges the recommendation to purchase a Variable Annuity in December 2014 was not in his best\<char_lb_r>\, interest as this purchase was funded by a fixed life insurance policy loan, however the costs associated with\<char_lb_r>\, the policy loan have outweighed any gains in the Variable Annuity policy.