Nylife Securities LLC

There are Recent Customer Complaints with Broker Micheline Yacoub in Firm Nylife Securities LLC

October 24, 2025 | by Staff Attorney

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.

Broker Aldric Johnson in Nylife Securities LLC Firm Has Customer Complaint

October 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 16, 2022.

Customer alleges she was misled when she purchased a recommended Variable Life Insurance policy in October 2021. Customer requests the rescission of the policy.

Broker Nicole Pizzi in Nylife Securities LLC Firm Has Customer Complaint

October 22, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 03, 2023.

Among other allegations, plaintiff alleges that in or about April 2019, he was persuaded to purchase what he was told was long term care coverage by taking a loan for $70,000. Plaintiff alleges he later learned that he purchased a New York Life insurance policy. Plaintiff also seeks a judgment in excess of $50,000 for alleged conversion of his property and monies.

There are Recent Customer Complaints with Broker John Fronckowiak in Firm Nylife Securities LLC

October 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Fronckowiak (Fronckowiak), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fronckowiak 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 $7,000.00 on January 09, 2023.

The customer alleged she communicated to RR Fronckowiak that she did not want an investment exposed to the stock market. However, she later realized her funds were invested in a variable annuity.

Broker Walter Collins in Nylife Securities LLC Firm Has Customer Complaint

October 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Walter Collins (Collins), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Collins 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 $12,488.88 on April 18, 2023.

The customer alleged RR Collins advised him he would receive a yield of 4.78% or approximately $23,000 on a $500k par T-bill purchase made in or around March 2023. After the purchase, the RR realized he inadvertently provided incorrect information to the customer about the estimated dollar amount of the returns.

There are Recent Customer Complaints with Broker John Savini in Firm Nylife Securities LLC

October 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 19, 2023.

Customer alleges he was misled into rolling over his deferred compensation plan into a variable annuity in October 2022. Customer further alleges that the recommended VA now precludes him from withdrawing his money without surrender charges. Customer requests waiving the surrender charges so that he can move his assets.

There are Recent Customer Complaints with Broker Nichole Wall in Firm Nylife Securities LLC

October 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 25, 2025.

The customers allege that they were misled when they purchased variable life insurance policies purchased in June 2020.

There are Recent Customer Complaints with Broker Harry Schaffer in Firm Nylife Securities LLC

October 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 22, 2025.

Customer alleged the Income Annuity she purchased in September 2024 using funds from a previous investment was not based on sound financial judgment and resulted in a tax consequence.

There are Recent Customer Complaints with Broker Baron Jacobs in Firm Nylife Securities LLC

October 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Baron Jacobs (Jacobs), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Jacobs 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 $211,122.62 on October 20, 2022.

The customer alleged that her Registered Representative misquoted the proposed annuity payments she would receive when she purchased a fixed annuity in June 2022.

There are Recent Customer Complaints with Broker Rolando Perez in Firm Nylife Securities LLC

October 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rolando Perez (Perez), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Perez 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 $140,000.00 on October 24, 2022.

Claimant approaced defendent in March or April 2021 to help ascertain funding for company. Defendant introduced claimant to a bank to secure a line of credit. Around 7/6/2021 claimant wired $280,000 to bank. Unable to obtain the line of credit and other funding, the defendant requested funds on 6/28/2022. $140,000 was repaid on 7/16/2022. The balance was not paid by the due date of 8/30/2022. Claimant is suing for amount plus costs and damages.