Nylife Securities LLC

Broker Michael Lee in Nylife Securities LLC Firm Has Customer Complaint

April 27, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 20, 2020.

Customer alleged that sale of stocks and purchase of two variable annuities in November 2019 was not explained to her. The Firm settled the complaint by reimbursing the surrender charges in the amount of $32,726.72

There are Recent Customer Complaints with Broker Timothy Jaggi in Firm Nylife Securities LLC

April 25, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on August 05, 2020.

Upon reviewing the customer’s Variable Annuity policies, the Firm noted that the surrender charges on the replacement policy exceeded suitability guidelines. The customer accepted the Firm’s offer to refund the surrender charge incurred in the replacement of the variable annuity purchased in March 2019.

There are Recent Customer Complaints with Broker James Ostrander in Firm Nylife Securities LLC

April 25, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on August 05, 2020.

Customer alleges that he was misled regarding the purchase, fees and surrender charges associated with a VA purchased in April 2020.

There are Recent Customer Complaints with Broker William Humbarger in Firm Nylife Securities LLC

April 23, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Humbarger (Humbarger), currently associated with Nylife Securities LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Humbarger recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 13, 2020.

Plaintiffs allege that in or about March 2016 they were told that no changes were necessary to their VULs and were not informed that their VUL policies were in jeopardy of lapsing. Plaintiffs seek compensatory and punitive damages as well as costs and fees.

Broker William Humbarger in Nylife Securities LLC Firm Has Customer Complaint

April 23, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Humbarger (Humbarger), previously associated with Nylife Securities LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Humbarger recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 13, 2020.

Plaintiffs allege that in or around February 1999 and March 1999 they were misled into exchanging life insurance policies into Variable Universal Life policies which carried significant surrender charges and were not suitable. Plaintiffs seek compensatory and punitive damages as well as costs and fees.

There are Recent Customer Complaints with Broker Dean Purdy in Firm Nylife Securities LLC

April 20, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 07, 2020.

Customers alleged that they were not informed of the fees associated with the purchase of variable annuities in July and November 2014.

There are Recent Customer Complaints with Broker Robert Ross in Firm Nylife Securities LLC

April 18, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 30, 2020.

Customer alleges he purchased a Variable Universal Life Insurance policy in December 2015 with the understanding that he would be covered for life without additional funding and there would be a guaranteed payout to his beneficiaries.

Broker Charles Morris in Nylife Securities LLC Firm Has Customer Complaint

April 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Morris (Morris), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Morris 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 $7,756.34 on January 19, 2021.

Customer alleges the Variable Annuity policy she purchased in April 2019 was originally understood to be a rollover of her existing annuity with her previous broker-dealer and that she did not understand that a new surrender period had been created. Customer further alleges that the fees associated with this policy are further eroding her balance therefore she is requesting a surrender of this policy without any fees as well as a reimbursement of any fees associated with this annuity.

Broker Robert Pipkins in Nylife Securities LLC Firm Has Customer Complaint

April 10, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 18, 2026.

Customer’s allegations question whether the Variable Annuity policies he purchased were appropriate products, and requests a financial analysis.

Broker Joel Chouinard in Nylife Securities LLC Firm Has Customer Complaint

April 10, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 20, 2026.

Financial Advisors providing advice to retail investors are required to adhere to the SEC’s Regulation Best Interest (Reg BI). Reg BI applies a ‘best interest’ standard for broker-dealers and their associated people. Reg BI applies when brokers recommend a retail investor engage in securities transaction or an investment strategy involving one or more securities. Reg BI also applies to financial advice concerning the transfer of funds and opening of accounts. Reg BI applies when brokers recommend a retail investor engage in securities transaction or an investment strategy involving one or more securities. Reg BI also applies to financial advice concerning the transfer of funds and opening of accounts.