Nylife Securities LLC

Broker Pragnesh Bhatt in Nylife Securities LLC Firm Has Customer Complaint

March 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Pragnesh Bhatt (Bhatt), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bhatt 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 $615,240.83 on September 16, 2024.

The Customer alleges he was misled when he purchased a variable annuity in June 2021 and that his request to reallocate the subaccounts was not followed. The Customer has requested the return of his investment, fees, and lost opportunity for a total of $615,240.83

There are Recent Customer Complaints with Broker Marques Mcleon in Firm Nylife Securities LLC

March 19, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on September 17, 2024.

Respondent Mcleon failed to respond to FINRA requests for information.

There are Recent Customer Complaints with Broker Albert Mosseri in Firm Nylife Securities LLC

March 19, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on September 16, 2024.

Without admitting or denying the findings, Mosseri consented to the sanctions and to the entry of findings that he certified to the State of New York that he had personally completed 15 hours of continuing education required to renew his state insurance license when, in fact, another person had completed that continuing education on his behalf.

There are Recent Customer Complaints with Broker Jeffrey Perryman in Firm Nylife Securities LLC

March 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Perryman (Perryman), previously associated with Nylife Securities LLC, has at least 6 disclosable events. These events include 5 customer complaints, one tax lien, alleging that Perryman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on October 07, 2024.

Without admitting or denying the findings, Perryman consented to the sanction and to the entry of findings that he refused to provide information and documents requested by FINRA in connection with its investigation into his potential undisclosed OBAs, including charging fees to a customer for services that he failed to disclose to his member firm.

There are Recent Customer Complaints with Broker Thomas Johnson in Firm Nylife Securities LLC

March 6, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on January 23, 2025.

Respondent Johnson failed to respond to FINRA requests for information.

There are Recent Customer Complaints with Broker Stephen Mellinger in Firm Nylife Securities LLC

March 6, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 24, 2025.

The Customers alleged that they were misled when they purchased variable universal life insurance policies in October 2015 and request the surrender of the policies without charges.

There are Recent Customer Complaints with Broker Cesar Casado in Firm Nylife Securities LLC

March 4, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on February 13, 2025.

Without admitting or denying the findings, Casado consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA in connection with its investigation into allegations that he submitted life insurance applications with inaccurate information and discrepancies.

There are Recent Customer Complaints with Broker Krishan Goyal in Firm Nylife Securities LLC

March 3, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on October 25, 2024.

The customer alleges she was misled when she purchased a now lapsed variable universal life insurance policy in November 2018.

Broker Venubabu Talasila in Nylife Securities LLC Firm Has Customer Complaint

March 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on October 30, 2024.

Respondent admits that he provided materially incorrect and untrue information in that: (a) on Respondent’s original and relicensing application’s to act as an agent pursuant to Section 2103(a) of the Insurance Law, submitted to the Department on or about March 10, 2015 and October 19, 2022, Respondent failed to disclose an administrative action taken against him by the Ohio State Board of Pharmacy, effective December 9, 2003; and (b) on Respondent’s relicensing application to act as an agent pursuant to Section 2103(a) of the Insurance Law, submitted to the Department on or about October 19, 2022, Respondent failed to disclose that on December 1, 2020, in the Marysville Municipal Court, Union County, Ohio, Respondent was convicted of a First Degree Misdemeanor.

Broker Mark Pernicano in Nylife Securities LLC Firm Has Customer Complaint

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Pernicano (Pernicano), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pernicano 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 $38,633.25 on October 29, 2024.

The policyowner alleges that the RR did not inform her that she would incur surrender charges from her previous fixed annuity at another firm for the funding of her variable annuity purchased in February 2023 and she is disappointed in the annual yield of her fixed annuities.