Nylife Securities LLC

Broker Richard Kruithoff in Nylife Securities LLC Firm Has Customer Complaint

February 4, 2025 | by Staff Attorney

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

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

Plaintiffs allege that defendants collectively conspired and participated in a fraudulent scheme that attempted to minimize tax liability through a charitable planning trust strategy, which involving establishing various trusts and purchasing certain whole life insurance policies

There are Recent Customer Complaints with Broker Sean Mccann in Firm Nylife Securities LLC

February 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sean Mccann (Mccann), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mccann 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 $55,000.00 on November 04, 2024.

The customer alleges he was not advised to reallocate his variable universal insurance policy purchased in october 1999 from a money market account he placed it in during a market downturn and that now his policy has lapsed. The customer has requested a refund of premiums paid.

Broker Stephen Mellinger in Nylife Securities LLC Firm Has Customer Complaint

January 31, 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 November 25, 2024.

Plaintiffs allege that Defendants collectively conspired and participated in a fraudulent scheme that attempted to minimize tax liability through a charitable planning trust strategy, which involving establishing various trusts and purchasing certain whole life insurance policies.

Broker William Mangano in Nylife Securities LLC Firm Has Customer Complaint

January 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Mangano (Mangano), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mangano 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 $9,237.71 on November 07, 2024.

The Customer alleges she was misled when advised to consolidate her existing annuities into a new annuity in June 2024 and was not informed that she was able to cancel the transaction during the <double_quote>free-look<double_quote> period. The customer alleges she lost money by the time her funds were transferred to another company and wants to be reimbursed for the loss.